Update Base Prices

Explanation

This activity is used to update base prices for sales parts. When prices are changed, the base prices must be updated. You can either update the base prices manually in the Sales Part Base Prices window or update several base prices in the Update Base Prices dialog box. Rental base prices are updated manually in the Sales Part Rental Base Prices window.

When you update the base price manually, it is possible to change the baseline price, the percentage offset, the amount offset, the price break template etc.

When you update several base prices, the base price is changed by updating the baseline prices, the percentage offsets and the amount offsets.

There are three methods for updating the baseline prices:

• No update of baseline prices.
• Update baseline prices with the price from costing for the current cost set. The baseline prices with the Origin from Costing check box selected will be updated. Note that rental base prices cannot be updated with prices from costing.
• Update current baseline prices by the entered percentage. Note that if the selection of the update includes base prices with the Origin from Costing check box selected, this check box will be cleared by this action.

There are four methods for updating the percentage offset and the amount offset:

• No update of offsets.
• Add a value to current offsets.
• Percentage adjustment to current offsets.
• Replace current offsets with new offsets.

You can update baseline prices, percentage offsets and amount offsets for a selection of sales parts and/or base price sites and/or price groups. You can also select whether the update should be done for base prices based on costing, manual, or costing and manual.

Prerequisites

This activity has the following prerequisites:

• Base prices in the Planned or Active status must have been entered.

System Effects

As a result of this activity:

• When several base prices are updated, all baseline prices, percentage offsets, amount offsets and base prices with the Planned or Active status, corresponding to the selected origin from costing, sales parts, base price sites, and price groups, are updated according to the entered conditions.
• When you update single records, they are updated according to the entered data.
• If the updated base price has an Active status, it can be used on the sales price lists and customer agreements. If base price has the Planned status, the status must be changed to the Active status before the base price can be used on the sales price lists and customer agreements.
• If the Use Price Incl Tax check box is selected, then the price including tax and baseline price including tax values are updated. If the check box is cleared, then the price and baseline price are updated based on the given offset. Note: If the With Price from Costing check box has been selected, then the baseline price is updated with the price from costing for the specified cost set on the base price regardless of the setting on the Use Price Incl Tax check box.

Window

Sales Part Base Prices
Sales Part Rental Base Prices
Update Base Prices

Related Window Descriptions

Sales Part Base Prices
Sales Part Rental Base Prices
Update Base Prices

Procedure

To update several records:

1. Open the Update Base Prices window. Alternatively, you can populate or query for base prices in the Sales Part Base Prices window, or Sales Part Rental Base Prices window, and right-click and then click Update Base Prices.
2. Filter the update of base prices by selecting one of the options: Costing Pricing, Manual Pricing, or Manual and Costing Pricing. The first option updates records originating from costing, the second option updates records with manual origin and the last option updates records with manual origin as well as costing origin. Note that when updating rental base prices only Manual Pricing can be selected.
3. Select whether the job should run online or as a batch job by selecting either the Online or the Run in Background option.
4. Select one of the options for updating the baseline prices: No Update of Baseline Prices, With Price From Costing or By Percentage. If the last one is chosen, enter the percentage to be applied to the baseline prices.
5. Select one of the options for updating the percentage and amount offset of the base price: No Update of Offset, Add to Offset, Adjust Offset or Replace Offset. If either of the last two options are chosen, a percentage and amount offset can be entered.
6. Enter the percentage and amount offset. Depending on which adjustment type you have chosen, the entered offsets are added to current offsets, a percentage adjustment is made to current offsets or current offsets are replaced.
7. Specify the sales part base prices that will be updated. You can specify for which sales parts, base price sites, or sales price groups the base prices will be updated. Enter the short code or use the List of Values to enter the specific sales parts, base price sites, and price groups. Enter '%' to update all baseline prices.
8. Select type of prices to be updated, sales prices and/or rental prices.
9. Click OK to update the prices.

To update a single record:

1. Open the Sales Part Base Prices window for sales prices and Sales Part Rental Base Prices window for rental prices.
2. Search for the base price that you want to update.
3. If required, update the Origin from Costing field, the Cost Set field, the Baseline Price field, the Percentage Offset field, the Amount Offset field, the Base Price field, the Base Price incl Tax field and/or the Price Break Template field.
4. Save the record.