Types of Price Adjustments

Adjustments provide you with great flexibility in defining pricing schedules. You can adjust the price:

• By a specified percentage of the base price.

• By a percentage of the current net price.

• By a percentage dollar amount of cost.

• By a specific amount.

• By selecting a price adjustment as the new base price.

• By a sliding rate for multiple discounts to a sales order line.

  The sliding rate can be based on quantity, weight, or amount.

• Based on a formula.

  For example, you can create formulas that reference a field in the sales order detail or pull data from variable tables to create pricing for items with prices that fluctuate frequently.

• Based on a price override.

  You can override a price by creating an adjustment that replaces the base price with the price that you define in the override adjustment. You can also specify rounding rules for calculating a unit price and attach the rules to adjustments. You can apply price overrides on sales order lines and on purchase orders.

• Based on one of your company's custom programs.

• Based on a minimum or maximum price adjustment rule.

You can specify price list groups for adjustments. You group price adjustments into categories representing discounts, promotions, taxes, or freight.