Kits, Component Price Code Application, Kit Price Code Application

Kits, Component Price Code Application, Kit Price Code Application

Release Date: 11/11/20
Version: 7.5 & Up

QFor a Kit item (K), with price rollup (Y), does Elliott OE not apply price breaks to kit components?

For a Kit item (K), with price rollup (Y), will Elliott OE not apply the price code break at the line item level either?

For a Kit item (K), with price rollup (N), Post Sales by Kit Component (Y), and Kit item price <> rolled component price, how is the Kit item price allocated across the components for the sales distributions?

A - Here are our answers:

For a Kit item (K), with price rollup (Y), does Elliott OE not apply price breaks to kit components? - No. Kit components will not use price breaks. But the system will honor the sales price if the item is on sale.

For a Kit item (K), with price rollup (Y), will Elliott OE not apply the price code break at the line item level either? No. Price rollup line items will not be subject to price breaks. The system will only use the price break if the price is a rollup (N).

For a Kit item (K), with price rollup (N), Post Sales by Kit Component (Y), and Kit item price <> rolled component price, how is the Kit item price allocated across the components for the sales distributions? The system will prorate each component based on its price (from component’s item price or item sales price.) Any rounding errors will be adjusted (1) to the first component; (2) if there are still leftovers from (1), the adjustment will be made to the remaining in Global Setup -> Cop-Func -> Post Invoice To A/R -> 11. Super Kit Sales Distribution Rounding Account.  This can happen if the first component item quantity per is not divisible (e.g., quantity = 3.)


Related Programs: CP0111, CP0115G, CP0305, IM2900

EMK


    • Related Articles

    • IM2900 Inventory Management Kit File Maintenance

      Kit File Maintenance Application Overview The Kit File Maintenance application allows the user to design and maintain kit structures. A kit is essentially a flat bill of material that maintains single level relationships between a parent item and a ...
    • Feature - Obsolete Kit Parent When First Component is Obsolete

      Release Date - 5/17/16 This feature will allow the user the option to obsolete all kit parents if the first kit component is marked obsolete through Item Master File Maintenance, through the Change Item CSV Import, or through the Mass Obsolete Item ...
    • Can a Credit for Kits on an Order Return Components to Inventory?

      Q. We need to enter some credit memos for kits. Is there a way to do that so the components of the kit are returned to stock? When I enter a negative quantity of the kit in Order Entry, it says "Returned to stock" but does not adjust the component ...
    • Feature - Create Price Code 1 from Item Minimum Price Utility

      Release Date: 6/15/2016 This feature gives the user the ability to generate and update price code 1 based on the minimum price field in the Item Master file. The new utility is accessed thru I/M -> Maintenance -> Product Category File. The purpose ...
    • How Is Shortcut Item Different from Kit Item?

      Q - In Item File Maintenance, field "74. End Item Code" can be used to define a Kit Item or a Shortcut Item. See the example below. Then I can define the corresponding components in Kit File Maintenance. See the example below. What is the difference ...