Updating Pricing Information for Groups of Items
The I/C Update Item Pricing screen updates item pricing information for a range of items on one or more price lists.
Note: If you want
to create a new price list, use the Item Pricing screen.
Before you start
- Determine the price lists
and items you want to update.
- Determine the method you
want to use to update prices.
- Print the I/C Price Lists report for the price lists
you want to change.
To update item pricing:
-
Open Inventory Control > I/C Items and Price Lists > Update Item Pricing.
- If you have a multicurrency system, in the Currency field, specify the currency of the item prices you are changing.
- In the From Price List Code and To Price List Code fields, specify the range of price lists to update.
- In the Sort By field, specify the filter to use to
select item prices, and then in the From and To fields, specify the range to update. More...
You can specify
a range of item numbers, categories, item segments, vendor numbers, or
optional field values. You can choose from any character optional fields
that are active.
- From the Update list, select the type of information to update.More...
You can update any of the following information:
- Base
Price. Select this option to add, increase
or decrease item base prices.
- Sale
Price. Select this option to add, increase,
or decrease sale prices for a range of items. You can also specify the
beginning and ending dates for the period during which the sale price
applies.
- Markup
Cost. Select this option to increase or
decrease the cost on which markups are currently based.
- Price
Check Type. Select this option to change
how Order Entry responds to price overrides (for example, displaying an
error message or requiring price approval).
- Price
List Dates. Select this option to update the period for which the selected price lists are valid.
-
In the Using field, specify whether to apply a percentage or an amount, or (in a multicurrency system) apply an exchange rate to the base price, sale price, or markup
cost.
Note: This field appears only if you are updating a price or a cost.
-
Depending on your choices for the Update and Using fields, fill in the remaining fields as follows:
- If you selected Base Price or Markup Cost, specify whether to increase
or decrease the price or cost, and then specify the percentage or the amount.
- If you selected Sale Price or Price List Date in the Update field, specify the range of dates for which the updated information is valid.
-
If you selected Price Check in the Update field, specify the type of price check message to display in Order Entry. More...
Specify how you want Order Entry to respond to price overrides. Order
Entry can:
- Do nothing (if you select
None).
- Display a warning message
and let you continue.
- Display an error message
and reject the price override.
- Require a supervisor’s
approval on price overrides.
- Click Update
to update the selected price lists.
After updating pricing information
- Print the I/C Price Lists report to check the information you changed.
- Compare the price lists
you printed before making changes to those printed afterward, to verify
that you made all changes correctly.