Streamline the Sales Order or Purchase Creation Process by setting up specialized item pricing per vendor or customer. This is for cases when there are special negotiated rates that aren't better served by a pricing tier.
First, here's a quick summary of the types of prices in the system:
Types of Pricing:
- Buying Price: the standard price you would like to buy the item for from vendors, you can change this as often as you like. This price can be auto-filled into the purchase form (depending on your settings)
- List Price: the standard price you would like to sell the item for to customers. This price can be auto-filled into the sales order form (depending on your settings)
- Price Tiers: Prices for specific groups of customers, ex: Restaurants, Retailers, or Wholesalers - any subset of customers who should get the same price
- If you have a large subset of customers who get the same pricing, a tier may be better off to manage pricing vs. using specialized customer pricing.
- Special Item-Customer Prices: Prices set per item/customer combination which ensures a specialized selling price is set for the customer when sales orders are made.
- Special Item-Vendor Prices: Prices set per item/vendor which ensures a specialized buying price is set for the vendor when purchases are made.
When to use specialized Customer-Item or Vendor-Item pricing.
When you have customers who get specific prices for specific items or a vendor you buy something using a fixed price for - you may want to set up specialized pricing.
Vendor Example:
Maybe you buy an item from 1 vendor at a specific price, but all other vendors you buy it from use a more standardized price.
Customer Example:
Perhaps a customer negotiated a special rate for an item they buy at a high volume.
How to confirmation Customer-Item or Vendor-Item pricing:
Customers:
1. Navigate to Sales
2. Click on Customers
3. Click on a customer
4. On the customer page, click the Pricing Tab
5. Under "Item Specific Pricing" click Add
6. Select the item, enter the price - this price can be a fixed price or a % above or below the list price
7. Click Save
Vendors:
1. Navigate to Purchases
2. Click on Vendors
3. Click on a vendor
4. On the vendor page, click the Pricing Tab
5. Under "Item Specific Pricing" click Add
6. Select the item, enter the price - this price can only be a fixed price
7. Click Save
Video Demo: