Setting Up Advanced Preference Schedules

Access the Preference Schedule Revisions form.

Preference Name

Enter the name of the preference setup, which includes the preference description, hierarchy, and default type for this form based on how you set up the preference using the Advanced Preferences Name Revisions menu option of the Price Adjustment Type program (P4071).

Seq No. (sequence number)

Enter the order in which the system processes the preference.

Effective Date

Enter the date on which the preference becomes effective.

Expired Date

Enter the date on which the preference expires.

Item Group

Enter the user-defined code (40/PI) that identifies an inventory price group for an item. Inventory price groups have unique pricing structures that direct the system to incorporate discounts or markups on items on sales and purchase orders. The discounts or markups are based on the quantity, monetary amount, or weight of the item that is ordered. When you assign a price group to an item, the item takes on the same pricing structure that is defined for the inventory price group. You must assign an inventory price group to the supplier or customer, and to the item, for the system to interactively calculate discounts and markups on sales orders and purchase orders.

Customer Group

Enter the user-defined code (40/PC) that identifies a customer group. You can group customers with similar characteristics, such as comparable pricing.