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Purchasing: Precious Metals: Price Components Dependent on Daily Prices

Description

As of Release 3.0, there is a separate condition category for price components that vary according to changes in daily prices. It causes the price of the material to be recalculated at the time of PO creation and goods receipt to reflect the current (day's) ruling market price. In the PO, the user chooses the date that is used for price determination purposes. In the case of the goods receipt, the pricing date is the posting date.

Change system parameters in customizing

The following settings need to be made for each precious metal:

Dimensionless unit of measure:

You must set up a so-called "dimensionless unit of measure", i.e. a unit that links the precious metal to it (e.g. GAU for "gram of gold").
In the material master record, the proportion of the precious metal is specified for this unit of measure (e.g. one piece of wire = 3 GAU).

Two new condition types:

1. for the precious metal price portion of the material price (GAU1)
2. for the daily (ruling market) price of the precious metal (GAU2)

Both condition types have the condition class 'A', the condition category 'U', and the calculation rule 'C' (quantity-dependent). Both must have the same unit of measure (e.g. GAU) assigned to them.

The condition type for the current daily price (GAU2) must have an access sequence assigned to it. In the standard system, access sequence 0001 is provided for this purpose.

New entries in the calculation schemas (pricing procedures):

Document calculation schema
The two condition types must be included in the document schema. In the standard system, the document schema RM0000 is available for this purpose.
The two condition types must be entered in the document schema in the above sequence. Different, but directly consecutive, steps must be assigned to both. For neither of them may the indicator "Statistical" be set.
The first condition type must be marked as "manual" and must have the calculation formula "31".
The second condition type must not be marked as "manual". It must have the calculation formula "32" and the requirement "31".

Additional calculation schema for price
In the standard system, the document schema RM0002 is available.
Here you must enter the first condition type (GAU1). The indicator "statistical" must be set.

Changes in procedure

If you maintain the gross price in the purchasing info record, you must maintain a condition for the precious metal price on which this gross price is based.
In the standard system, the condition type GAU1 is available. For example, maintain a gold price of $ 20 per gram for this condition type.

To maintain the current precious metal prices, proceed as follows:

1. From the Purchasing menu, choose "Master data -> Conditions -> Other -> Create".
2. Enter the condition type for the current ruling metal price and press ENTER.
3. Define the validity period for the price. Enter the company code to which the price applies, and the amount.