Display Value

Price Group

Specify a user-defined code from UDC table (40/PI) that identifies an inventory price group for an item.

Inventory price groups have unique pricing structures that direct the system in incorporate discounts or markups on items on sales and purchase orders. The discounts or markups are based on the quantity, amount, or weight of the item ordered. When you assign a price group to an item, the item takes on the same pricing structure defined for the inventory price group.

You must assign an inventory price group to the supplier or customer, as well as to the item. The system interactively calculates discounts and markups on sales orders and purchase orders.