Q1 – What are the financial transaction types when I assemble a kit and when I disassemble a kit?

Answer

When you assemble an Item Kit the transaction type is KITMAKE.

When you disassemble an Item Kit the transaction type is KITBREAK.

Q2 – When I assemble an Item Kit in which tab of the View Inventory Transactions action will I find the financial transaction for the Item Kit?

• A – Receipts & Transfers
• B – Issues & Returns
• C – Adjustments
• D – Inventory Balances

Answer – A

Receipts & Transfers. You are receiving an assembled kit. There will also be financial transaction records for each of the component items in the kit, but these will be found in the Issues & Returns tab.

Q3 – When I disassemble a kit in which tab of the View Inventory Transactions action will I find the financial transaction for the Item Kit?

• A – Receipts & Transfers
• B – Issues & Returns
• C – Adjustments
• D – Inventory Balances

Answer – B

Issues & Returns. You are issuing the assembled kit. There will also be financial transaction records for each of the component items in the kit, but these will be found in the Receipts & Transfers tab.

Q4 – What are the possible Issue Cost Types for the Item Kit?

• A – AVERAGE
• B – AVERAGE or STANDARD
• C – AVERAGE, STANDARD or ASSET
• D – AVERAGE, STANDARD, LIFO or FIFO

Answer – B

The Item Kit can have an issue cost type of STANDARD or AVERAGE.

C – It cannot be ASSET; it is in the lookup, but you will receive the error “BMXAA1943E – Asset cost is for rotating items only.” when you select it.

D – The component items of the Item Kit can have a LIFO or FIFO issue cost type, but not the Item Kit itself.

Q5 – True or False?

You can purchase an Item Kit from a vendor?

Answer – True

It is true. You can purchase and receive an Item Kit, there is no effect on the component items in the kit.

Q6 – When you assemble an Item Kit, from which bins will it select the component items that make up the kit?

Answer

Maximo depletes from the Default Bin of each component item first and then uses random bins after that to make up the quantity.

Q7 – True or False?

If you allow Negative Current Balances (OrganizationsA structural element of a Maximo database which is used for data sharing. More – Inventory Defaults setting) the assembling of an Item Kit may cause a balance of a component item of the kit to go negative? 

Answer – False

It is false. If there was a negative current balance for a component item, then there would be no balance to assemble the kit.

Q8 – If the Item Kit KIT100 includes a quantity of 1.00 of another Item Kit KIT100A, what happens to KIT100A when you assemble Item Kit KIT100?

Answer

The current balance of KIT100A is depleted by 1.00. It wasn’t a trick question. Nothing happens to the component items of KIT100A, except their balances are reduced.

Q9 – Why might you receive a KITCOSTVAR financial transaction and where would you find this?

Answer

An Inventory Transaction (INVTRANS) record of type KITCOSTVAR is created if the issue cost type of a kit item is set to STANDARD and you are assembling the kit item. The Line Cost is the difference between the Standard Cost of the kit item and the costs x quantity of each component item using their costing method. If that figure is lower than the Item Kit, then the line cost on the INVTRANS record is positive.

You would see this financial transaction in the View Inventory Transactions – Adjustments tab.

Q10 – There is a current balance of 10 for an Item Kit made up of four other items? The Issue Cost Type for the Item Kit and all of its items in the kit is set to AVERAGE but the kit item still has an average cost of zero. If the sum of all of the components of the kit with their quantities is $5.00, what would be the average cost of the Item Kit if I assembled a further 10 items of the kit.

Answer – $2.50

Effectively you are issuing $5.00 x 10 = $50.00 of component items and the current quantity will be set to 20, and so the average cost is $50.00/20 or $2.50. The point here is that it is summing up the cost of the component items of the kit which are being issued and this total cost is what is being received by the kit item. The average costing of the kit item takes into account the existing average cost and current balance.