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Inventory Cost Options in the Organizations Application For Item Issue

Technote (FAQ)


Is it possible to use different cost options for issuing items?


Yes, in Maximo 7.5 you now have several options for the cost that is used during inventory issue. You have the option to choose Standard, Average, LIFO (last-in first-out ), or FIFO (first-in first-out) costs. You can configure this option by going to the Organizations application and selecting "Inventory Options". Next, select "Inventory Costs" to select the cost option that best fits your business needs.

Document information

More support for: Maximo Asset Management

Software version: 7.5, 7.6

Operating system(s): AIX, HP-UX, Linux, Solaris, Windows

Reference #: 1503683

Modified date: 08 August 2016

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