This chapter contains these topics:
To understand pricing hierarchies
To establish base prices for your items
To define varying prices based on customers, customer groups, items, and item groups
To define price adjustments, such as discounts and price breaks, based on quantities, amounts, or weight
To set up contract pricing
To update prices for items or customers
For each item that you want to sell, you must define the price at which you want to sell it. You use ECS Sales Order Management pricing to define the base prices that the system retrieves when you enter items on a sales order.
Pricing includes the following tasks:
Setting up a base pricing structure
Working with base pricing
Defining price adjustments
Working with repricing
Before you define base prices for items, you must set up a base pricing structure. The system uses this pricing structure to retrieve base prices and to calculate price adjustments and updates. You can define base prices for any combination of items, item groups, customers, or customer groups. Customers can be Parent, Ship To, or Sold To addresses. After you set up a pricing structure, you define a hierarchy to determine how the system searches for prices.
You can define base prices with effective dates, so that you can define prices for future use or for limited time promotions and specials. You can also define credit prices that you want the system to use when items are returned.
After you define base prices, you can set up the following additional types of price calculations:
Price adjustments for groups of items
Contract pricing, which applies special pricing for an item to a single customer or customer group
Trade discount pricing, which is a discount percentage on all items for a specific customer
Cash discount pricing, which you can apply to individual sales order detail lines
You can use repricing to set up additional discounts and markups or to recalculate sales orders. You use the Standard Order/Basket Reprice program to update prices for specific items. This program allows you to:
Reprice lines containing items that belong to product families, which are called baskets
Reprice an entire order
You use the Update Sales Price/Cost program to recalculate sales orders for specific customers based on the most current base price or price adjustments. This program allows you to:
Update sales order costs and prices
Update sales order exchange rates
Note:
Any price you enter directly on a sales order overrides the base price that the system retrieves.