Parts - HxGN EAM - 12.0.1 - Help - Hexagon

HxGN EAM Help

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English
Product
HxGN EAM
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Help
HxGN EAM Version
12.0.1

Menu Path

Materials > Parts

Description

Creating and managing parts information for a business has far-reaching effects. Once you include this information in the database, it is used time and time again by buyers, storeroom employees, planners, managers, and other individuals throughout the organization.

One of the primary considerations associated with creating and managing parts information is choosing and establishing your pricing method for parts. The system enables you to set up and initialize stock using different price types and pricing methods.

Average price reflects a calculated average of part prices throughout the life cycle of the part. Last price is the last price paid for a part in purchasing. Standard price is a periodically adjusted fixed price that is usually taken from the supplier's catalog. You can enter the initial prices; however, The system readjusts these prices as the part begins to record transactions.

Base price is the default price used for purchasing if the part is not listed in the supplier's catalog. It is also the price used for work orders, stock issues, and direct purchases that involve the part. Base price is always average price, last price, or standard price depending on the value set for the price type.

The system also enables you to set up and initialize stock using the Last in first out (LIFO) and/or First in first out (FIFO) inventory valuation methods. LIFO and FIFO are both time-based price types. FIFO inventory pricing mandates that you consume the materials purchased first before using the most recently purchased materials. LIFO pricing mandates that you consume the most recently purchased materials before using the materials that were purchased first.

Class codes, categories, units of measure, suppliers, and other information must be defined in the system before adding parts information to the database.

Related topics

Creating parts

Defining multiple prices of parts (MOS)

Associating manufacturers with parts

Creating repair details for core tracked parts

Associating suppliers with parts

Scrapping parts

Defining substitute parts

Understanding time-based inventory valuation (LIFO/FIFO)

Entering stock information for parts

Calculating economic order quantity (EOQ)

Associating stores with parts

Transferring parts between bins

Issuing parts from a stock record of a part

Returning parts from a stock record of a part

Viewing the monthly part usage chart

Viewing and modifying parts information

Viewing and modifying stores associated with parts

Viewing and modifying stock information for parts

Viewing and modifying multiple prices of parts (MOS)

Viewing and modifying part inspections

Viewing usage and demand of parts

Viewing stock levels by part

Viewing purchasing contracts for parts

Viewing requisitions for parts

Viewing purchase orders for parts

Viewing purchase order history for parts

Viewing stock values for LIFO/FIFO parts

Viewing when and where a part has been used

Viewing stock transactions for parts

Viewing part reservations

Managing iProcure items in the EAM application

Creating iProcure vendors

Creating EAM suppliers for iProcure vendors

Associating iProcure items with parts

Adding iProcure part items to requisitions

Viewing iProcure sync errors

Associating parts

Creating greenhouse gas records

Defining greenhouse gas emissions for parts

Recording greenhouse gas records for fuel types for commodities

Associating nonconformity types with parts

Viewing archived transactions for parts