Rental Price Simulation

This document describes how rental prices can be simulated. The program 'Rental Price. Simulate' (STS107), with an equivalent STS107MI program, can simulate the total rental price or total sales price without having to create an agreement.

Background

The program 'Rental Agreement. Simulate Totals' (STS105) can simulate the price of a rental agreement, but needs to have an agreement to retrieve the information required to simulate the price. The program (STS107) and STS107MI enable the simulation of rental price for a single order line without the need to create an agreement. Based on customer and item number the totals are simulated.

Limitations

The simulated price can or cannot reflect the prices that are invoiced in an agreement because final price depends on a number of factors which are line charges, VAT/Tax and stand down period.  

(STS107) and STS107MI are only able to simulate the agreement price of one order line per transaction.

Follow these steps

  1. Start 'Rental Price. Simulate' (STS107).

  2. Specify values for fields Agr Customer, Item number, Order qty, Agr order type, Rental depot, and Line type.

  3. These fields are by default set to, or automatically retrieved from various sources:

    Field Default value Retrieved from
    Agr period (valid from) Today’s date
    Agr period (valid to) 999999
    Price list Rental depot
    Line type 5 – Hire
    Currency Customer master (OCUSMA)
    Rate type Agr order type
    Rate factor Agr order type
    Days/week Agr order type

    The hourly and net hourly rate is only visible if the best price method is set to 3, (graduated, hourly) from the agreement order type.

  4. Press Enter to simulate the price.

Outcome

Rental rate, total rental are calculated if line type is set to Rental. If line type is set to Sales, the total sales price and cost price are calculated.

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