The price is the monetary value assigned to a product or service at the moment offered to the buyer and, therefore, the monetary value that the customer has to pay to receive the product or service.
Advanced pricing is one of the more complex and laborious processes of the whole company. It has many different variables and is essential for success of the company. It is the process that will set the price of a product or service with one customer.
There are some factors that may modify the price of a product: quality, quantity, terms of payment, delivery time and the bargaining process between the supplier and the buyer.
In this case we are going to show:
How to create the price adjustment
1. Create the Adjustment, name it and write a small description.
2. Create the price adjustment definition for the adjustment created before
Advanced Pricing tool of JD Edwards is very useful to set all the different prices that our company may have.
In the case that you would like to make the price adjustment for a group of items or a customer group you would have to specify it in the highlighted area.
3. Choose the selection
In this display you have to choose how the adjustment is going to be selected:
- by item and customer, (i.e. the price is going to be used just for one Item and one customer);
- by item and customer group, (i.e. the price is going to be used just for one item and a selected customer group);
- by item group and customer group, (i.e. the price is going to be used for an item group and a customer group);
- by item only, (i.e. the price is going to be used for one item and any customer).
In this example we are offering a 10% discount of the base price when the customer buys 100 units of our product or more.
4. Write your adjustment & discount
5. The last step is to link the client with the adjustment,