Effective management of cost information in the Align platform is essential for optimizing your daily operations. This includes leveraging the Purchasing & Receiving modules, the Job Cost & Billing module, and the Service & Calibration module, as well as maintaining visibility into asset cost and tracking.
Here, we break down the various cost information fields within the Align platform, explaining their unique roles and applications.
Key Cost Information Areas
All cost information fields discussed below are located on the Model Record of your inventory under the Cost Section. Here's how they are utilized:
MSRP
This field serves as a reference point.
It appears on the migration template during implementation and on the Model Record in Align.
Replacement Cost
Is utilized for work order parts and purchase orders.
Acts as an initial cost for a specific location until items are received with a different cost for that location.
Is included in the Tool Valuation Report, which displays:
The total value of selected tools.
Both purchase price and replacement cost.
Is featured in the Retired Tool Report, detailing:
All currently retired tools with replacement cost information.
Is available in the Model Catalog List Report, providing:
A list of tool model information by Category and/or Manufacturer.
Is part of the Consumables Detail Report, offering:
Detailed information on selected consumables.
Is included in the Consumables Summary Report, summarizing:
Information on selected consumables.
Item Base Value
The Base Value field is the most critical element in a row, serving as a reference for many rate sheet calculations. This field gets filled in by the purchase cost column on the migration template you complete during
By understanding and accurately applying these cost information fields within the Align platform, you can enhance your operational efficiency and ensure precise cost tracking and management across your organization.
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