How to Create Materials Items

How to Create Materials Items

Follow the below steps to Create Materials Items
  1. Navigate to the Web Portal and login
  2. On the left-hand main menu, select Purchasing and Bills> Materials Items
  3. Click on +Add New Record or + Sign to create a Material Item
  4. Select the desired Date for the Material Item.
  5. Pick the appropriate Project Work Activity, Activity Item, and PO Number associated with the Material Item.
  6. Enter the Product Name and required Quantity 
  7. Enter the Unit Cost and Unit Price for the Material Item.
  8. Calculate and enter the Total Material Cost and Price if applicable.
  9. Click on Save 

Unit Cost refers to the cost incurred to produce or acquire one unit of a product or service. It is the total cost of producing a single item, including direct costs and indirect costs. On the other hand, Unit Price is the price at which a single unit of a product or service is sold to customers. It represents the amount customers are charged for each individual item they purchase