Overview
Product Price Reminder works by storing the last price manually entered for a certain product, and applying it to the product being confirmed within the Staging Area.Once the items arrive in the Staging Area, the system will look for the last price that was manually applied to any product and, if a previous price for a product was not stored, the system will suggest a price based on the financial settings. In case changes to the price of a particular product within the inventory have been applied, the system will use this price next time the product enters the staging area, as long as the price was updated on or before the "Max-Age" value.
To enable the Price Reminder option, please follow the steps below:
- Go to Setup->Settings.
- Under Inventory, click on Price Reminder.
- Select the Product Price Reminder option.
- Under the Max Age for Price to be Stored, enter the maximum age value for the Price to be stored for Open Market inventory. This is a required field.
- Click on Save.
Conditions
Please note that the system will remind the user the price of the products only if the conditions below apply:
- The Price Reminder setting is enabled.
- The Max Age for Price to be Stored has been set up.
- The prices are manually entered by the users in the Staging Area or Inventory Summary.
- The Max Age must be higher than the difference between the arrival date and the current date.
Override Future Price with On Hand Price
This option applies to future inventory and indicates the system to use for Future Inventory the Price set up for On Hand Inventory for a determined number of days. This setting only works when the future sales and price reminder settings are activated.
The Price override with on Hand price will work for POs for future Sales when the next conditions are given:
-The Future Sales is enabled.
-The Truck Days After has been set up.
-There are POs for future sales confirmed by vendor.
-The Product Price Reminder is enabled.
-The Max Age for Price to be Stored has been set up.
-The Setting
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Important
There are particular situations in which the system will not change the price of the items:
- If the product is linked to a Prebook, the system will keep the price on the Prebook.
- If the price has been manually entered or modified by any user, the system will keep that price.