How does the valuation rate in the item master get updated? For instance when a BOM is created and the cost calculated - how does this data get into the item master? Also for purchased items - is there a way to update the valuation from either the price list or the last purchased price?
I would expect that there should be a process to allow a single item to be updated when it is newly created but there should also be a process which allows all valuations to be updated at a point in time when for instance work center rates are increased.
This article appears to say how the stock value is calculated during an inwards receipt. What I was looking for was how the valuation rate in the item master is updated? Am I now to understand that this is purely a manual field and isn’t automatically updated in any way?