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.