Within Supplyframe, Cost Sets can be used as a reference or price source across modules.
- Cost Sets in BOM Insight
- Cost Sets in Demand Management
- Cost Sets in Quoting
- Cost Sets in Part Master
Cost Sets in BOM Insight
Cost Sets can be used to cost a BOM, depending on your Price Source Priority settings within BOM Insight.
Upload BOM
When uploading your BOM, select Cost Sets as a Price Source.
You have multiple options on how to apply Cost Sets to a BOM. This includes whether to calculate using the pricing based on the CPN or MPN of all your previously uploaded cost set files or from a specific contract. You can also set the start and end date parameters.
Click on the pencil icon in the column Edit Details for Cost Sets. Choose if to leave the box checked for Use All Cost Sets Lists or uncheck the box to select specific Cost Sets files.
When the box Exclude Expired Dates is checked, then results with an Expire Date past today's date will be excluded. Otherwise, uncheck the box to ignore expired dates when displaying results.
For more information on using Cost Sets in your BOM or other sources, please review the article BOM Price Sources & Options for more details.
Invalid MPNs
Please keep in mind that Supplyframe will not prevent the upload of invalid MPNs. Therefore, we recommend that master MPN references be cleaned to adhere to component manufacturer Part Number (PN) standards before uploading. If MPNs do not adhere to these standards, then Supplyframe will assume these invalid MPNs to be intentional, and depending on the configured matching logic, will return exact matches.
Reviewing BOMs
After your BOM is loaded, when there is a Cost Sets result available, you'll see the icon "CP" with text in the Price column. When selected as the part's pricing, you'll see "CP" in a blue box with a check mark indicating it's being used as the price source for that line item.
Click on the Price cell and the Cost Sets tab will show all of the Cost Sets list(s) results for that part.
Cost Sets in Quoting
Within Quoting, your Cost Sets files are used in conjunction with Ref Pricing. The purpose of Ref Pricing during your RFQ Assignments is to match lines with prices previously agreed to with suppliers through files uploaded by your Supplyframe admins.
Therefore, when new prices are received, the different "Spend and Savings" KPIs can show you a comparison to previous negotiation cycles. More information can be read within the article regarding Ref Pricing.
Please note, that to use Cost Sets correctly within Quoting, each of your lines must have a Start Date and Expire date.
Cost Sets in Demand Management
Within Demand Management, your Cost Sets files can be used as a source of Validation or Populating data when uploading demands based on your selected demand template. This is done automatically by selecting that template during your demand upload.
For validation, Cost Sets can be selected by admins as a "LookUp Table" in demand templates when validating data in the demand. This column validation is used to ensure that erroneous data is not uploaded or manually entered.
When a column needs to be populated based on matching data across two columns from a mapping table, then a rule or formula in the demand template can be configured by using your Cost Sets file as a data source.
Cost Sets in Part Master
You can see within Part Master what Cost Sets is available for specific IPN/CPN in your files.
