Creating rebate types
- Select Supply Management > Supply Management Setup > Contract Management > Rebate Types.
- Click Create.
-
Specify this information:
- Contract Group
- Specify a contract group.
- Rebate Type
- Specify a rebate type.
- Description
- Specify a description.
- Growth Rebate
- Select this check box to calculate a growth rebate. A growth
rebate is based on incremental purchases over the previous period of
purchases. For example, if the growth in purchases is greater than
5% but less than 6% compared to the previous period, then the rebate
paid is 5%. If the growth in purchases is greater than 6% but less
than 7% compared to the previous period, then the rebate paid is 6%.
If the growth in purchases is greater than 7% but less than 8% compared to the previous period, then the rebate paid is 7%. You can select either Growth Rebate or Fixed Rebate Amount, but not both.
When you select Growth Rebate, a check box is displayed. Select it to calculate the expected rebate on the growth from last year to this year only.
- Fixed Rebate Amount
- Select this check box to create a rebate type with a fixed amount taken off purchases, regardless of the amount spent.
- Click Save.