Purchase Part—Basic Data and Requirements Exercises

IMPORTANT
It is extremely important that you set up and work within your own site to maintain you data integrity. If you work within any other site, you will compromise your own exercise data as well as the data of other students. Predictable exercise results require that your data be isolated in your own site.

Basic Data Setup

Purchased Inventory Part

Purpose: The purpose of this exercise is to enter the purchase part by entering it as an inventory part. The purchase part is automatically created when entering the inventory part.

Windows:
Inventory Part

  1. Enter an inventory part with the part number XX-58-100 (replacing XX with your initials) and the description Racing Wheels.
  2. Enter yourself as planner.
  3. Use PCS as the unit of measure.
  4. Use 100 USD as the estimated material cost.
  5. It is advisable to enter default locations (arrival, quality assurance, and picking location) for the inventory part.

General exercise for Purchased Inventory Part

Main Exercises

Purpose: The purpose of these exercises is to show you how to register stored and non-stored purchase parts.

Windows:
Purchase Part

Entering Stored Purchase Part

IFS Racing needs to buy racing tires. Register the racing tires by entering these as inventory registered purchase parts.

  1. Select the purchase part with part number XX-58-100 and view the information.

Note: The Inventory Part check box will be selected.

  1. Specify yourself as a buyer in the Buyer ID field.
  2. Connect the purchase part to the purchase group by selecting the purchase group for racing tires (20) from the list in the Purchase Group field.
  3. The tax code can be specified for a purchase part. If the company tax regime is VAT, then the tax code is required. The tax code on the purchase part overrides that of the supplier. The Taxable check box indicates whether or not the part is a taxable part.
  4. Save your changes (F12).

Entering Non-Stored Purchase Part

IFS Racing also needs to buy services for wheel balancing. Services are non-inventory registered parts so you can immediately register this as a purchase part.

  1. Create a new record (F5).
  2. Enter a new purchase part XX-98-101 (replacing XX with your initials).
  3. Enter the description, Wheel Balancing Service, in the Part Description field.
  4. Use hours as the default purchase unit of measure.
  5. Connect the purchase part to the purchase group by selecting the purchase group for services (40) from the list in the Purchase Group field.
  6. The tax code (remove bold typeface, title case) can be specified for a purchase part. If the company tax regime is VAT, then the tax code is required. The tax code on the purchase part overrides that of the supplier. The Taxable check box indicates whether or not the part is a taxable part.
  7. Save your changes (F12).