The configuration and setup of inventory costing are combined with the integrated modules of inventory and warehousing management, product information management, and financial controls. A collection of all types of setup is shown in the product master form, illustrated in the following figure:
The blocks in the preceding diagram are defined as follows:
- Item model group: This identifies the inventory valuation method
- Product dimension groups: This identifies the product's attributes
- Product storage dimension groups: This identifies the product's location
- Product tracking dimension groups: This identifies the product's tracking information