This section provides an overview of the StreamV Special Pricing System. It describes the options that are available in the Special Pricing System and it defines the terms and concepts that are used when describing the system.
The purpose of the Special Pricing and Rebate Management system is to calculate the “target” price (usually the lowest price) for the customer and item number being processed, and to record any rebates, cost, adjustments, or commission cost adjustments that apply to the sale. The system does this by reviewing and comparing all available pricing information (inventory price levels, special pricing records, and rebates) and returning the best price for the customer and item based on the information in the system at the time the order is processed. If a rebate or a special cost is associated with the sale, the system will adjust the commission cost, and rebate amount in the sales order line as appropriate based on the type of special pricing record being used.
Based on the type of pricing that you wish to support, the requirements for implementing the pricing system can vary significantly. If you require only inventory based price levels and each customer can be assigned to one of these price levels, you can obtain the desired results by correctly setting up just the Customer and Item Price Level information in the system. If you need to support contract pricing or rebates for specific items or item /company or item/buying group combinations, you will need to create and maintain records in the Special Pricing file
In general, special pricing and rebate records are used to handle situations that cannot be easily supported by setting up inventory price levels and assigning each customer to one of these levels (with or without an optional customer discount). The advantages of using the special pricing and rebate system include being able to automatically calculate a unique price or rebate (or both) for a specific company and item, and to track activity against the item. The special pricing system also allows the users to control the date range that each price or rebate will be effective for. In addition, some Special Pricing records can be set up as Active (automatically taken by the system when available) or Standby (meaning that the price is available and displayed to the operator but that it must be manually selected). The primary disadvantage to using the special pricing and rebate system is the need to maintain records in the special pricing file.
Regardless of which pricing options you wish to support, the Special Pricing system will automatically calculate the appropriate (usually lowest), price for the customer and item being processed during sales order entry. This automatically calculated price is referred to as the target price. Both the Target Price (and where it was derived from) and the actual price charged (and where it was derived from) are recorded in each sales order line. If a rebate is also being taken on the sales order line, the rebate amount, and rebate record number are also recorded in the sales order line.