Understanding Base Pricing Structure
For each item that you sell, you can define the base price at which you want to sell it. The system retrieves this price when you enter an item on a sales order.
You can define the base price for an item or any combination of items, item groups, customers, or customer groups. To simplify the process of defining and maintaining base prices, you can set up price groups for customers and items with similar characteristics.
When the system retrieves prices, it uses the hierarchy for the Base Price Preference (51) to determine the order in which the system searches for base price records. If you create item and customer groups, you can define the search sequence of the Base Price Preference Hierarchy so that the system searches item and customer group combinations and item and customer combinations.