PRICEFILE

The materials' pricing function maintains material price quotes and displays unit prices from purchase order history. Prices are maintained by UID catalog number for historical purchase orders and BOM inquiries, or by non-UID item number for BOM inquiries within each purchasing area.

A bill of materials can be loaded into the Pricefile from the material take-off (MTO) and the system will automatically price the item based on historical information for each line item. Where no prices exist for an item the system will generate a request-for-quotation (RFQ) that is processed through the procurement function.

A price inquiry option enables a review of the latest purchase orders, blanket orders and vendor quotes for an individual item. Detailed information relating to a specific purchase order or vendor quotation can also be reviewed.

There is also the ability to calculate the freight costs by weight or volume for material that is to be shipped. Freight cost rates may be maintained for various cost types applicable to a given journey, together with the formulas for the apportionment of costs by cost type.