After units of measure have been added for this item, the remaining fields will be used if the Quick Entry flag in the Inventory Static Control Record is set to Y. These fields are only available when creating an item. Once an item is entered, these fields are maintained using the costing and pricing programs and the Warehouse/Item F/M Program in the Inventory Control System.
1. List Price—(Amount
The list price may be entered as a dollar amount.
2. Manual Cost—(Basis)
Specify the basis for calculating the standard price per unit of measure displayed: List Price, or Manual Cost.
3. Manual Cost (Multiplier)
Specify the manual cost multiplier per default costing unit of measure for the item. (The basis is automatically set to list price) F1 skips this entry and proceeds to the manual cost amount field (next). Press Enter to default to 0. Press F3 to skip adding the cost/price record and proceeds to Warehouse.
4. Manual Cost (Amount)
If a multiplier is entered in the previous field, this field is skipped. Specify the manual cost amount if multiplier was skipped. Press Enter to default to 0. F3 skips adding the cost/price record and proceeds to Warehouse.
For a default item, after the list price and manual cost has been entered, standard price information is displayed.
To edit existing suggested records for the inventory item, highlight it in the browser or select one of the options across the bottom of your screen, and press the Edit icon.
Use the Filter list box to select the display settings for the cost and/or price lines in the browser. You can select from: P-Price Levels, S-Standard Price, or Q-Quantity Breaks.
From the UM drop down list select the UM for which you wan t to display cost and/or price lines
5. Qty
For quantity breaks, enter the minimum quantity that must be sold on a sales order document in order to utilize the price from the level. For example, the standard price of I100 is $10.00 ea., the break 1 price is $9.75 and the break 2 price is $9.50. In order to receive a price of $9.75 the customer must purchase a minimum of 50. In order to receive a price of $9.50 the customer must purchase a minimum of 100. Therefore break 1’s quantity is 50 and break 2’s quantity is 100.
Quantity break is always defined in the selling unit of measure.
6. Basis
For quantity breaks, the system displays the basis options. Initially, you can select from L—Use List Price as Basis, M—Use Manual Cost as Basis, S—Use Standard Price as Basis. After you set the basis/multiplier all price breaks must either use the same basis or they must be based on another price break.
The basis options for additional quantity breaks are: L—Use List Price as Basis , or 1-6—Use Prior Quantity Break 1-6 as Basis. For example, if manual cost is the basis for break 1, the bases for breaks 2 through 6 must be either manual cost or one of the previous price breaks. The basis for levels 2 - 6 may not be set to list price or standard price.
For level pricing, you can select from L—Use List Price as Basis, M—Use Manual Cost as Basis, S—Use Standard Price as Basis, or 1-6—Use Prior Price Level 1-6 as Basis.
For standard pricing, you can select from L—Use List Price as Basis or M—Use Manual Cost as Basis.
7. Mult
For quantity breaks, if you are entering the suggested standard price as a basis and multiplier, enter the multiplier for the suggested standard price for the level. The system automatically calculated and displays the new suggested standard price for the level.
If you are entering the suggested price level as a basis and multiplier, enter the multiplier for the suggested standard price for the level. The system automatically calculated and displays the new suggested standard price for the level.
If you are entering the suggested standard price as a basis and multiplier, enter the multiplier for the suggested standard price. The system automatically calculated and displays the new suggested standard price.
8. Price
The level price may be entered as a basis and multiplier, a set price or a change %. The valid options for basis for level price are as follows: List Price, Manual Cost, Standard Price, or any prior Price Level.
The quantity break price may be entered as a basis and multiplier, a set price or a change. The valid options for basis for quantity break prices are as follows: list price, manual cost, standard price, or any previous quantity break price.
Note: If the require descending prices flag (in the IC Static record) is set to Y, all price breaks must be the same Note: type (basis/multipliers or fixed amounts). Furthermore, if basis/multiplier is used, all price breaks must either use the same basis or they must be based on another price break. For example, if manual cost is the basis for break 1, the bases for breaks 2 through 6 must be either manual cost or one of the previous price breaks. The basis for levels 2 - 6 may not be set to list price or standard price. If the require descending prices flag is set to Y, the prices for breaks 1 through 6 must be entered in a descending order. For example, if price break 1’s price is $5.00 then the price for price break 2 must be less than or equal to $5.00.
The standard price may be entered as a basis and multiplier, or a set price. The valid options for basis for standard price are as follows: List Price or Manual Cost.
9. Comm %
In addition to these three options for setting up the standard price, price levels and quantity breaks, you may also enter a commission percent. A Sales Order Static F/M flag determines whether this flag is available throughout the costing/pricing subsystem.
If the flag is turned off, the system does not give you the option to enter the commission %. If the flag is turned on, each cost/price you create will require you to enter a commission %.
Specify a commission percent for the price level, standard price or quantity break price level. When entering the commission %, you also have the option to set it to "no priority" (which leaves the field blank), indicating that commission is not generated based on the price being set up. (If the item is set to "no priority", any commission % entered in the pricing system will be ignored). For more information on commissions, refer to the Commission Basis flag set in System Management>File Maintenances>Company Control F/M.
10. Save your changes when you have completed the information entry. You can then update these header fields: effective date, list price, manual cost, standard prices, and quantity breaks.
11. You can highlight a suggested costing/pricing line in the browser and press Delete to display the Delete Record Type dialog box, where you can select to delete from: L-Suggested list price, M-Suggested manual cost, S-Suggested manual price for the selected unit of measure.