In STRUMIS, information about the cost price of goods is stored in two fields:
§ Unit price
§ Price unit
The unit price is a currency field and the price unit is the unit of measurement. This means that you specify the cost price of a length of steel as, for example, GBP25 (the unit price) per metre (the price unit).
When you raise a purchase order for goods (either manually or through the nesting and ordering process), the unit price comes from the item library. For each item, there are a number of places on the Item - Purchasing Information form to consider. Prices are used in order, depending on the information that you have. Take a look at the following illustration.
The order in which prices are used is:
1. For the item that you want to order, you may have a price from one of your suppliers for a specific contract. If this is the case, this price is used in preference to any others.
2. If you do not have a price for a specific contract, but you have a price for the item from your supplier, this price is used.
3. If the Unit Price column is empty, the fallback position is to use the default price for the item.
Prices from the Item - Purchasing Information form are used as described above to populate fields in the Nesting Wizard screens and the Purchase Order - Lines form. In both places, you can type in prices to override those from the Item - Purchasing Information form.
If you buy goods from a supplier with a currency that is different to the currency in which you work, this also affects the cost price. You can define a currency for your supplier and a currency for your facility (including the default facility). When you raise a purchase order, both currencies are displayed on the Purchase Order - Details form. If they are different, you can enter an exchange rate and date. The exchange rate is applied to the cost price of the items on the Purchase Order - Lines form.