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PREMIER PLUS ONLY - SELLING PRICES BASED ON BOM COST (01 January 2006)

ENCORE already includes the ability to have a selling price list, which is based on supplier cost, e.g. supplier cost plus 150%. These changes allow you to define an 'internal' supplier (yourself) for your products, which are manufactured in-house, and then use a new transaction to update the 'internal' supplier cost with the current BOM cost.

Go to Set-up - Products - Set up BOM Costs for Selling Prices. In this window you can define the account code of the internal supplier. There is an option tick-box to automatically add this supplier to each new manufactured product plus a further option to adjust the internal supplier cost price automatically whenever the assembly record is amended. When you first use this transaction you can get the option to add the internal supplier (as the primary assigned supplier) to each of the manufactured products.

Note that the internal supplier must be the primary supplier for the product (if you want to have a selling price list based on supplier cost). If you have the situation where you have multiple assemblies making the same product (rare - but ENCORE allows for this) then this new logic works for the first linked assembly.

Go to Product - Assemblies - Update BOM Costs - for the new transaction, which will recalculate the BOM cost for each assembly and then update the supplier cost price for the linked product record. You can run this transaction as often as you like