Price List Types
Four types of price lists can be defined in Supplier Price List Maintenance (1.10.2.1):
• Type M. Percent markups or markdowns from item GL cost.
• Type D. Percent discounts from item master price.
• Type P. Fixed discount prices, used primarily for net pricing and foreign currency pricing.
• Type L. Multiple list price tables based on minimum and maximum prices.
You can define all but the Type L price lists in Customer Schedule Price List Maintenance (1.10.3.1).
Type D and Type M price lists are discounts that are associated with order quantities. During transaction entry, the system looks for a price list when calculating net item price on scheduled orders or RMA returns and when calculating cost on purchase orders. If an applicable price is not found, either the item master list price is used, or GL cost minus overhead.
Note: RMA returns are an exception; if no price is found on the list, the return price defaults to zero.
Use the price list maintenance programs to maintain list and discount price tables. During implementation, use Supplier Price List Generation by Item (1.10.2.6) to create supplier price tables from existing list prices in the item master.
Once price lists are created, you can quickly create lists in other currencies using either Supplier Price List Copy (1.10.2.5) or Cust Schedule Price List Copy (1.10.3.5).