Enter Comparator Types

Explanation

This activity is used to create comparator types for inventory parts and connect them to preferred companies. It is  possible to connect a newly created comparator type to any company in the database. Once a comparator type is used for an inventory part, it will not be possible to delete it from the Inventory Basic Data window.

Comparator types are commonly used as a method of evaluating the value of an asset, in the field of inventory accounting. This functionality enables creating different types of comparators such as the Net Realizable Value (NRV), Provision etc. allowing you to compare inventory values with other comparators.

Prerequisites

This activity has no prerequisites. 

System Effects

As a result of this activity, the system creates comparator types for a particular company. 

Window

Inventory Basic Data

Related Window Descriptions

Inventory Basic Data/Inventory Value Comparator Types

Procedure

1. Open the Inventory Basic Data window and click the Inventory Value Comparator Types tab.
2. Create a new record.
3. Specify the preferred comparator type in the Comparator Type field, e.g. NRV.
4. In the Description field, describe the comparator type, e.g. Net Realizable Value.
5. The default company will appear in the Company field. If you wish, you can select a company of your choice from the List of Values.
6. Save the record.