Introduction to Best Pricing

QAD Enterprise Applications supports automatic pricing in a number of key transactions. The simplest way to establish prices is by associating prices with items in Item Master Maintenance (1.4.1). However, this is often too inflexible to meet the needs of many companies. For greater flexibility, the system offers two pricing models based on price lists.

In QAD Enterprise Applications there are two pricing models:

This training module covers the best pricing model.

Use Price List Maintenance (1.10.1.1) to set up the price lists the system uses to determine best pricing. The system looks for links between customer and item codes. If no links are found, it uses the default price from the Item Master. Thus, using price lists allows for multiple discount or promotional pricing schemes.

SO/SQ/RMA Issues Pricing Menu (1.10.1) is used to establish price lists that follow the best pricing model.

In order for a manual price list to be considered in the pricing of a sales order, the manual price list must be entered in Sales Order Maintenance (7.1.1) in the manual field.

A node is a specific item or customer record that belongs to an item or customer analysis code.

Volume price breaks for multiple items are entered in Item Master Maintenance (1.4.1) and Price List Maintenance (1.10.1.1). Discounts can be calculated based on the quantity or amount ordered on multiple lines of a sales order or quote. Price break categories can also be used to tie the price or discounts for one item to one or more other items.

Use Analysis Code Maintenance (1.8.1) to create analysis codes for groupings based on similar characteristics, such as region, salesperson, or item number.

Note: Analysis codes in sales order pricing differ from those created with GL Report Writer.

Sales Order Repricing (7.1.11) updates the sales order to the latest corresponding price list price. The ability to reprice is controlled by the user. Reprice sales orders so that quantities are added, across orders, to calculate quantity breaks.

When multiple price lists are combined based on settings in Price List Maintenance (1.10.1.1), the discount sequence controls the order of the discount amount allocation.

QAD Enterprise Applications determines prices when sales orders or purchase orders are entered use i ng pricing data that has been entered into the system in order to determine pricing. Many different factors need to be considered in the price determination process.

Use for automatic pricing of:

Instead of matching price lists strictly through item or product line, the system can determine the best price using flexible categories of items and customers.