Material price information – purchase schedules

If the Material Pricing in Procurement check box is selected in the Material Price Parameters (tcmpr0100m000) session, material price information can be linked to a purchase schedule line.

When purchase schedule lines are generated in the Purchase Schedule (tdpur3610m000) session, the material price information is retrieved from the linked purchase contract line.

Note: The Apply Material Prices if No Contract Material Prices check box in the Material Price Parameters (tcmpr0100m000) session is used to determine if LN must search for material price information for purchase schedule lines if the linked contract line has no material price information.

On the appropriate menu of the Schedule Lines tab in the Purchase Schedule (tdpur3610m000) session, click:

Price and Discounts, to start the Price and Discounts (tdpcg1600m000) session, in which you can view the Price and Material Price for the purchase schedule line.
Material Price Information, to start the Material Price Information (tcmpr1600m000) session, in which you can view more detailed material price information for the purchase schedule line.

Updates

Material price information cannot be updated for purchase schedule lines.

If the material price information is modified for the linked contract line, the schedule lines are not updated.

Receipts

After a receipt is made for a purchase schedule line, a receipt is added to the Purchase Schedule - Receipts (tdpur3115m200) session.

The Payment field specified on the purchase schedule line is used to determine the link between the material price information and the receipts.

Pay on Receipt
When the receipt is confirmed, a purchase payable receipt is generated in the Purchase Payable Receipts for Schedules (tdpur3118m000) session. The material price information is defaulted from the relevant schedule line and linked to the Purchase Schedule - Receipts (tdpur3115m200) and Purchase Payable Receipts for Schedules (tdpur3118m000) sessions.
Pay on Use
When the goods are consumed, a purchase payable receipt is generated in the Purchase Payable Receipts for Schedules (tdpur3118m000) session. The Price Determination Based on field in the Purchase Order Parameters (tdpur0100m400) and Order Terms and Conditions (tctrm1130m000) sessions is used to determine the process to retrieve material price information. This data is linked to the Purchase Schedule - Receipts (tdpur3115m200) and Purchase Payable Receipts for Schedules (tdpur3118m000) sessions.
If this field is set to:
- Replenishment, the material price information is defaulted from the relevant schedule line.
- Consumption, the material price information is determined when the payable receipt is generated. If the schedule line is linked to a contract, the material price information is retrieved from the contract line.

Note: If the Redetermine Price and Discounts at Receipt check box is selected in the Purchase Contract Lines (tdpur3101m000) session for the linked contract line, the material price information is not defaulted from the schedule line. The price information is redetermined when the receipt is confirmed in the Purchase Schedule - Receipts (tdpur3115m200) session ( Pay on Receipt), or when the payable receipt is generated in the Purchase Payable Receipts for Schedules (tdpur3118m000) session ( Pay on Use).

If the material actual price cannot be retrieved, LN considers the best possible option. For example, instead of using the invoice date, which is required but not known yet, the actual receipt date or usage date is used to retrieve an approximate material actual price.

You can modify the prices and discounts after schedule receipt confirmation, in the Change Price and Discounts of Purchase Payable Receipts (tdpur4132m000) session. From the appropriate menu of the Change Price and Discounts of Purchase Payable Receipts (tdpur4132m000) session, select Material Price Information to modify the material price information after receipt in the Material Price Information (tcmpr1600m000) session.

Invoices

After the goods are received, the invoice can be matched and approved in Accounts Payable.

The amount to be invoiced is based on the actual material price. Therefore, the actual receipt price is used during receipt matching.

Differences between receipt amount and invoice amount, due to material actual price differences, are logged as variance transactions.