<Glossary>

The user that approved the price change.

The date that the price change was approved.

Defines characteristics that are specific to the nature of an item or hierarchy node.

An attribute associated with the manufacturer of an item.

Specifies whether the attribute is a core attribute predefined in the application or if it is a custom configured attribute.

Core based statistical area.

Additional material and signage required for a price change.

A price change attribute created by a system administrator or someone with the correct role permissions made custom for a retailer or business.

The current cost represents the current cost data at an item/location intersection and is used for when the cost of an item changes. The current cost information is provided from an external data feed by the retailer and can be imported into the application. If current cost data exists for the item, this field displays in the Price Change Details window on the Advanced Price Lookup page.

The current in-effect price change price of an item. This field displays on the Create Price Changes page when you create a non-REG price change so you can view the current price for that item.

Indicates whether the price change was created manually or imported from a .CSV file.

A system calculated value, the number of days a TPR price change is in affect.

A price change approved on the same day as the start date.

The name of the file that processed or created the price change.

Classifies information by grouping into similar categories based on properties. Hierarchies are used to map items and locations.

The arrangement of hierarchy information into specific groups and subgroups.

An individual article or unit that is defined by attributes and categorized into hierarchies.

Characteristics of items.

Identifying value assigned to an item.

An attribute that organizes items. For example, a line might contain all yogurt flavors that are a specific size and brand. Line ID can be used to select all items across a line for a price change.

A selling area or place, or a group of selling locations.

How the system prioritizes certain price changes based on their location impact over others. For example, the system can be configured to prioritize price changes at the store level over price changes at the regional level. See Location hierarchy and price priority for more information.

A specific area or grouping of places with similar properties. Location levels could consist of national, regional, or metro areas.

A price change attribute that must be specified during price change creation. When enabled on a price change, the application prioritizes the new price over any current price changes set for the same locations or location level. See Location override for more information.

A price change with a reduction in the regular retail price of an item designed to move/sell remaining inventory.

The number of items that need to be purchased to receive multiple discounted pricing.

The price associated to a multiple price relationship.

A diagram or model that indicates the placement of retail products on shelves in order to maximize sales.

The previous in-effect price of an item, based on the last in-effect price change for that item. You can view the Previous Price on the Price Change Details window from the Advanced Price Lookup page.

An instance where the selling retail price is impacted by a change (permanent or temporary, regular, clearance or promotion).

A date driven retail price adjustment for a given item/location. A price change is assigned a price change ID and can be completed at multiple location levels. Price changes created together are assigned a similar session ID.

A generated value assigned to a specific price change during creation.

The life cycle state of a price change.

draft

The working state of a new price change before it has been approved.

approved

An upcoming price change that has been saved and approved, but the Start Date has not been met.

active

A price change that is currently in effect.

completed

A price change that has already occurred and that is past its End Date.

archived

A price change that is no longer active or in-effect in any locations in the supply chain.

pending

The status of a price recommendation created from a third-party and uploaded from Infor ION waiting to be accepted or rejected.

accepted

The status of a price recommendation created from a third-party and uploaded from Infor ION that has been accepted.

rejected

The status of a price recommendation created from a third-party and uploaded from Infor ION that has been rejected.

How the system prioritizes certain price changes based on their type over others. For example, the system can be configured to prioritize TPR price changes over REG price changes. See Location hierarchy and price priority for more information.

The available causes for a price change that are automatically included in the application.

clearance

Discounting an item to clear it from inventory.

competitive

Changing the price of an item to reflect a competitive price strategy.

discontinued

Changing the price of an item that will no longer be available.

everyday value

A daily or short-term promotional price, which is communicated to the customer as a value.

globally set price

The price set at the global level for all locations.

in store special

Temporary price reduction, typically at store level.

market sale

Temporary price reduction to align with set promotion cycles.

recommendation

A recommended price, typically for saved or approved price changes but not for active price changes.

regular

A regular price.

rewards

Loyalty price for customers part of the membership program.

special sale

Temporary price reduction for a sale or promotion.

A search criteria that filters price changes applied to a specific location or location level within the location hierarchy.

A price conflict occurs when the details of a price change overlaps or are incompatible with an existing price change. Price Management identifies these conditions where a conflict can occur and a price change cannot be approved:

• If a regular price change or TPR is being approved with the same item, date, and location level as an existing, approved record. Only one regular price change or TPR is allowed at the same item/location level/date.
• If you attempt to approve a TPR price change that has a retail price equal to or higher than the regular retail price. TPR price changes must have a price that is lower than the regular retail price.
• If a store level price change is being approved for an item that is not authorized for that store.
• If a TPR price change is being approved for an item that does not have an initial price. Only regular price changes can be approved for an item's initial price.
• If you attempt to approve a regular price change during a promotion with a TPR price change already in affect.
• If you attempt to approve a price change for an item that is invalid or is not priceable.

A price change that is not a regular (REG) price change, such as a TPR or RWD price change.

A permanent price adjustment to the item’s retail price driven off a single start date.

The date to reset the price of an item on sale back to its regular or initial price. You can set the reset date for MKD price changes only.

A type of temporary price change that can be used by retailers to indicate a loyalty or rewards price for certain customers or promotions. This price change has no set definition and can be used by retailers to meet their business needs.

A code that contains information about the product, such as price, that can be scanned at checkout.

The amount in which items are sold (i.e. pounds or each).

A generated value assigned to a group of price changes created at the same time.

The system-generated price change ID used for tracking in the back-end. This ID is usually a long string of text with a combination of numbers and characters.

The date that the current price tag or price label on the item, shelf, or planogram expires and needs to be replaced.

A price change set for a limited time frame, defined by a start and end date. After the TPR ends, the item returns to the regular retail price.

A generated value assigned to a specific price change.

The value-added tax (VAT) rate attached to an item/location at a particular point in time. The tax rate information is provided from an external data feed by the retailer and can be imported into the application. This field displays in the Price Change Details window on the Advanced Price Lookup page if a VAT exists for the item you are viewing.

A price that overrides the last in-effect price to be used as the "was" price for printing price tags. Used for promotions, sales, or to indicate a different price than what the system calculates as the previous in-effect price.