Define commodity codes to establish a method of classifying materials for purchasing and inventory. Commodity codes can identify specific types of goods, such as fiber optics, fuses, switches, etc., that can then be used to categorize specific parts in your inventory. Buyers can then associate particular suppliers with these different commodities and send out requests for quotes for the particular commodities. Storeroom and maintenance personnel can also use commodity codes to quickly access stock information.
After defining a commodity, you can update the commodity record as necessary; however, you cannot modify the Commodity or Organization for an existing commodity record.
To define commodity codes:
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Select Materials > Setup > Commodities.
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Click New Record.
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Specify this information:
Organization - Specify the organization to which the commodity belongs if you use multi-organization security.
Commodity - Specify a unique code identifying the commodity, and then enter a description of the commodity in the adjacent field.
Class - Specify the class of the commodity. The classes shown belong to the COMM entity. The system automatically populates Class Org.
UOM - Specify the unit of measure of the commodity.
Greenhouse Gas Emission Category - Select the greenhouse gas emission category for the commodity.
Out of Service - Select to indicate that the commodity code is no longer in use. If you select Out of Service, the system retains the commodity record, but it will no longer appear in the lookups for commodities on other forms.
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Click Save Record.