Defining Item Groups
You can create groups of items that can be easily added to a price list. Each item group line contains the same information as a price list line, except for effective start and end dates. You can use this feature to easily build a price list by adding one or more item groups. See: Adding Item Groups to a Price List.
Prerequisites
To define an item group:
1. Navigate to the Item Groups window.
2. Enter a unique name and a description for the item group.
3. Enter an item to include in the group.
4. Enter the unit of measure for the item. If the item has multiple units of measure, enter a separate line for each unit.
5. Optionally, enter pricing attributes for the item according to how your Pricing Attributes descriptive flexfield is set up and how you want to price particular attribute combinations of the item.
6. Optionally, enter the list price for this item.
The decimal precision for this field is determined by the currency associated with set of books for the organization.
7. Optionally, for Service items, enter the percent of the item price to use to calculate the price of service.
The price is calculated by multiplying the defined percent by the actual cost of the product being sold. For example, if you have an item that costs $100 and define the percent field as 15, then the actual cost of the service item would be $15.
You can define either a list price or a percentage, but not both.
See Also
Price List Maintenance
Overview of Pricing
Set up your pricing attributes descriptive flexfield if it is relevant to your pricing policies. See: Flexfields in Order Entry/Shipping.