It appears as though my item costs are not being updated when POs are received.
For example: A new item is created with a cost of $1400 We order a few, sell them, repeat. After a while the price drops to $1200. We order a few at the new lower cost and receive them. The cost in my item properties is still $1400 after the PO is received!
My cost update method is Weighted Average. Update supplier cost from PO is turned on.
This is in an HQ environment, but some POs are generated locally.
Why aren't my costs updating?
Tom