Example
In this example, QMI’s Manufacturing Department:
• Sets up a product line for its ultrasound components
• Selects the current cost method
• Defines several codes to be associated with a defined item
• Defines one of the component items, which is a purchased item
• Defines the product structure of a medical ultrasound unit, which shows the relationship between the parent item and its components (quantity required and routing operation)
Additionally, you will see how current costs are calculated at QMI.