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Quantum VS Help: File Maintenance |
Manual Pricing is a method of applying price and/or cost updates manually to an individual product record. This may be required when you wish to increase the Gross Price and/or Regulator discount held in a product's Price Bands, or if a Supplier changes the Buying Costs or Buying Terms of a product.
Applying new prices/costs to a product using Manual Pricing is a two-stage procedure.
Firstly, the new price/cost details must be entered using Manual Pricing. To update a product's:
Supplier Buying Costs and/or Buying Terms: see Manual Pricing: Updating Supplier Costs For A Product.
Gross Price and/or Regulator discount held on any/all Price Bands: see Manual Pricing: Updating A Product's Gross Price / Regulator Discount.
Note: Any product prices or costs which have been updated using Manual Pricing are added to the system as 'Forward Prices' (i.e. they are added to the Forward Price Record). See Understanding Price Changes And Unapplied Prices.
IMPORTANT: You must then run the Apply Forward Prices process to physically apply, to the product record, the 'forward' prices/costs you entered using Manual Pricing.
The following procedures may be useful/necessary when using Manual Pricing:
Working With Duplicate Forward Price Records: When adjusting product costs/prices using Manual Pricing a window displays if a duplicate Forward Price record for the product already exists. This section explains what actions you may take.
Viewing Unapplied Prices For A Product: You may wish to view Unapplied Prices for a product; i.e. new prices/costs which have been manually added to the 'Forward Prices' file but which have not yet been applied to the product.
Editing And Deleting Forward Price Records: If necessary you may edit the Effective Date of a Forward Price record (i.e. change the date on which the Forward Price will be applied) and/or delete a Forward Price record so that it never gets applied.
Viewing A Product's Price Change History: You may view the Price Change History of a particular product from within the Product record.
Manual Pricing is useful when making price/cost changes to individual product records. The following alternative methods of updating product prices/costs may be more suitable if you wish to update prices/costs for multiple product records in one go:
Using Quantum VS Price Importer: You may use the Quantum VS Price Importer Tool to import (and edit, if necessary) new Supplier prices/costs.
Using Forward Pricing Processes: Various Processes are available which enable you to add new product prices/costs automatically to a range of product records.