Creating Price Detail Updates
The Price Detail Update page lets you specify the new item price for the price update. You can specify the new price for the update type that you created in the price update record. The Price Update section displays the information about the price update record along with the status and price update ID. For more information about price update records, see Update Types for Creating Price Update Records.
Refer to the following topics for information about how to set a price detail update on each update type:
You can access the Price Detail Update page after saving the price update record. The New Price Detail Update button becomes available in the Prices subtab.
You can edit or delete a price detail update only if the Price Update status is Not Started.
Creating a Price Detail Update for Item Type
This topic explains how to create a price detail update for the Item type.
To create the price detail for item type:
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From the price update record, on the Prices subtab click New Price Detail Update.
Note:The Price Update ID is a system-generated identifier that is unique to the price update record that you created.
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In the Currency field, select the currency to be used in the price.
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In the Price Level field, select the price level.
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In the Quantity Pricing Level field, enter the quantity price level to which the update applies.
Important:Make sure you enter the index (for example, 0, 1, 2, and so on) of the quantity-based price level in the item record. The index is the order in which the Quantity Pricing is placed in the item record, with the leftmost pricing level being 0.
For more information about quantity-based pricing, see Using Quantity Pricing.
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In the Modified Price field, specify the new price for the selected item.
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Click Save.
The new price is applied to the item record effectively when the start date occurs.
Creating a Price Detail Update for Item Category Type
This topic explains how to create a price detail update for the Item Category type.
To create the price detail for an Item Category:
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From the price update record, on the Prices subtab, click New Price Detail Update.
The Price Update field group displays the information about the price update record.
Note:The Price Update ID is a system-generated identifier that is unique to the price update record that you created.
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In the Currency field, select the currency to be used in the price.
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In the Price Level field, select the price level.
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In the Quantity Pricing Level field, enter the quantity price level to which the update applies.
Important:Make sure you enter the index (for example, 0, 1, 2, and so on) of the quantity-based price level in the item record. The index is the order in which the Quantity Pricing is placed in the item record, with the leftmost pricing level being 0.
For more information about quantity-based pricing, see Using Quantity Pricing.
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In the Category Price % Increase field, specify the percentage increase of the price update.
You can enter values from –100 to 1000.
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Check one of the boxes according to your round-off preference:
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Round to .99 – Check this box to round off the updated price to the nearest .99 value.
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Round to .00 – Check this box to round off the updated price to the nearest .00 value.
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Click Save.
The new price for the item category is applied to the item record when the start date occurs.
Rounding
For Item Category update types only, Effective Date Pricing includes an option to round off prices to the nearest .00 or .99. If you choose a rounding option when you apply a percentage discount or surcharge to an item, the price is automatically adjusted.
The rounding process adjusts the price to the nearest .99 or .00, by either increasing or decreasing the price. In some cases, this process leads to a price that is lower than the original price.
Example Price Adjustments
The examples in this topic show how rounding options effect the final price of an item with a price increase.
Example 1
The following table shows the results of a 5% price increase on two different base prices, with and without the rounding options selected.
|
Base Price |
Adjusted Price (No Rounding Options Checked) |
Adjusted Price with Round to .99 Option Checked |
Adjusted Price with Round to .00 Option Checked |
|---|---|---|---|
|
10.00 |
10.50 |
10.99 |
11.00 |
|
9.80 |
10.29 |
9.99 |
10.00 |
Example 2
The following table shows the results of a 4% price increase with and without rounding options selected.
|
Base Price |
Adjusted Price (No Rounding Options Checked) |
Adjusted Price with Round to .99 Option Checked |
Adjusted Price with Round to .00 Option Checked |
|---|---|---|---|
|
12.00 |
12.48 |
11.99 |
12.00 |
Creating a Price Detail Update for Customer Type
This topic explains how to create a price detail update for the Customer type.
To create the price detail for a customer:
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From the price update record, on the Prices subtab, click New Price Detail Update.
The Price Update field group displays the information about the price update record.
Note:The Price Update ID is a system-generated identifier that is unique to the price update record that you created.
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In the Currency field, select the currency to be used in the price.
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In the Modified Price field, specify the new price for the selected item.
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Click Save.
The new price for the Customer Type is applied to the customer record when the start date occurs.
Creating a Price Detail Update for Customer Group Type
This topic explains how to create a price detail update for the Customer Group type.
To create the price detail for a customer group:
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From the price update record, on the Prices subtab click New Price Detail Update.
The Price Update field group displays the information about the price update record.
Note:The price update ID is a system-generated identifier that is unique to the price update record that you created.
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In the Currency field, select the currency to be used in the price.
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In the Modified Price field, specify the new price for the selected item.
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Click Save.
The new price for the Customer Group Type is applied to the customer record when the start date occurs.
Related Topics
- Effective Date Pricing Overview
- Installing the Effective Date Pricing SuiteApp
- Update Types for Creating Price Update Records
- Creating Price Update Records
- Handling of Price Update Overlaps
- Viewing Price Updates
- Scheduling Automatic Price Updates
- Import Price Updates Using CSV Files
- Limitations and Best Practices of the Effective Date Pricing SuiteApp
- Troubleshooting Unprocessed Updates
- Effective Date Pricing SuiteApp