Pending Prices and Active Prices

An approval status is assigned to every price that is entered into the system. Price approval status codes are visible on the Base Price and Advanced Pricing tables and are stored in UDC 45/AS.

This table lists the available price approval status codes:

Price Approval Status Code

Description

Pending

A new or changed price has an approval status set to Pending upon creation. The approval status code for pending prices is 1.

Active

When all reviewers approve a new or changed price, the status of the price changes to Active. After the status is Active, all price retrieval functions apply to the new price. The only prices that are applied to orders are those that have an Active status. Prices with any other status are ignored and are not used to price orders. A blank approval status code signifies an active price change.

Rejected

If a price is rejected by at least one reviewer, the price status changes to Rejected and is not applied to any orders. Additionally, a workflow message is sent to the originator of the price change to notify them of the rejection of the price. The approval status code for rejected prices is 2.

Pending Delete

Prices can be removed from the system by a delete function. Prices with a Pending Delete status remain active until the request for deletion is approved. When a pending delete price is approved, the price is marked as Canceled.

Superseded

If a price change becomes active and directly overrides an existing price, the original price is marked as Superseded and is withheld from use by order entry.