Use Cost Class F/M to enter cost classes used for creating cost contracts. The Cost Class is specific to a Vendor.
Using Cost Contract Entry (POE510), you can create cost contracts for items from a vendor that are in a specific cost class.
Access this program by choosing Purchase Orders -->File Maintenances --> Infrequent File Maintenances -->Cost Class F/M.
1. Cost Class
Enter up to three characters to create a cost class. If this code already exists in the system, the corresponding description appears.
If the code doesn’t already exist, FACTS asks if you want to create a new cost class. Select OK.
2. Description
Enter up to 30 characters for the cost class description.
For more detailed information on file maintenance programs, consult the following topics.