We wanted to change the MRP field 'field_per_item_cost' from DECIMAL (12,2) to DECIMAL (12,3)
The following SQL Query will do the trick
ALTER TABLE field_data_field_per_item_cost MODIFY field_per_item_cost_value DECIMAL(12,3);
ALTER TABLE field_revision_field_per_item_cost MODIFY field_per_item_cost_value DECIMAL(12,3);
UPDATE field_config SET data = REPLACE(data, '"scale";s:1:"2";', '"scale";s:1:"3";') WHERE field_name = 'field_per_item_cost';
UPDATE field_config_instance SET data = REPLACE(data, '"scale";s:1:"2";', '"scale";s:1:"3";') WHERE field_name = 'field_per_item_cost';
To show config data from HEX to utf8, we can use the following SQL code
SELECT CONVERT(data USING utf8) FROM field_config WHERE field_name = 'field_per_item_cost'