Price management
Price management is the process of setting the right sales- and purchase price on your product portfolio.
This process may result in
Flat sales price set on product.
Flat purchase price set on product.
Sales price based on quantity set on product.
Purchase price based on quantity set on product.
Flat sales price, which means a price that does not change based on quantity sold, is usually changed after a given period. This period will normally be X amount of months or years. An example may be sale of mobile phones for consumers, where bulk discount would not be applicable. Flat purchase price similar, just on the other end.
Sales and purchase price based on quantity of the same product, or per batch, is more used in the corporate world, where the involved parties purchase in larger quantum.
Tasks relevant for this process
Standard sales price is registered - Standard sales price is registered as flat or bulk price.
Standard purchase price is registered - Standard purchase price is defined as flat or bulk price, and the supplier(s) may be registered as preferred.
Create customer specific sales price - Customer specific sales price is registered.
Create supplier specific purchase price - Supplier specific purchase price is registered and the supplier may be registered as preferred.
Modify prices - Prices may be adjusted, either manually or by importing files.