Defining agreement pricing

Use this procedure to define agreement pricing such as price markups and discounts.

To define agreement pricing

Access Agreement Pricing (PO25.2).
Select the procurement group.
Select the agreement that you want to reference.

Note: Pricing records are based on the Effective Date. You can repeat steps 4 through 6 to set up multiple pricing records for an agreement.
Type the effective date.
Type the markup or discount information. Use the following guidelines to enter field values.

Base Percent Markup or Discount

If you have a base percent markup or discount percentage, type the base percent in this field.

Markup or Discount

Select whether the base percent is a M (Markup) or D (Discount).

A Markup is the vendor's profit for the item. The more you buy, the lower the vendor’s profit. A Discount is setup from the reverse perspective. The more you buy, the better the discount.

Price Break Purchase Amount

If you get a price break when your order totals a certain purchase amount, type the purchase amount in this field.

Percent

Type the percent price break you receive on the purchase amount.
Add the price record.