¶ Inventory Prices Explained
The Primary functions of inventory prices are to determine the price and area of availability of Inventory Items. Each item that is directly sold must contain valid pricing for the purchaser, date of purchase, and availability criteria of the purchase.
Items added as a component of another item to an order through group item configurations do not require Inventory Price records unless the child item is available for individual sale outside of the parent item.
¶ What is provided by Inventory Prices?
Inventory Prices (or Price Rows) provide the following information:
- Who can get the price based on rank
- The price, value for shipping, Taxable Amount, and Return Value
- The date range of when the price row is available
- The areas of the system where the price row can be used
- Impact and value to Bonus calculations when purchased at the selected price
¶ Configuration and Feature Basics
¶ Rank Price Types
When an order is placed, the rank of the rep is used in combination with the price type applicable to the order to identify the prices to use on the order. Orders placed through party or autoship may use a different price type depending on the type of party, type of customer, or type of rep. There are other features that can also cause a different price type to be used in various areas as well.
Inventory Prices supports having multiple records so long as their availability configuration does not allow more than 1 row to be available in a given area at the same time. The typical symptom on this would be the item appearing once for each available duplicate price record.
¶ Availability Dates
Start and end dates, or selected bonus periods, can be used to determine when the selected price records are active. In the shopping cart this would assume the date that the order is being placed. But the backoffice, autoship, and party module would use the date on the order.
These date selections can be used to schedule price changes by configuring sets of Price Rows the begin the date after the prior pricing is scheduled to end.
¶ Availability Flags
Availability flags determine where the item is allowed to be available in the system. In the case of customers and the Customer Flag, it can be used to further refine who it whould be available for. Some of the flags available are for optional features, while others are considered core functionality. These flags can control if the item is available as an enrollment item, for use in the cart, allowed in AutoShip, and more.
¶ Price Based Values
The inventory price records contain several price based values aside from the price of the item. This is to allow the item to be taxed, or charge shipping, independently of discounts applied. Price based values include Price, Taxable Amount, Shipping Value, Return Price, and the Compare Value.
The price based values of the inventory price row use the currency set on the item.
¶ Bonus Value Data
Bonus Value Data on the Inventory price record has direct implications on earnings and qualifications based on the purchase of the item. The system supports up to 4 different values with a minimum of 1 to be enabled. The number of values made available and their naming will vary based on the definitions in your Compensaion Plan.
The currency implied for Bonus Value Data typically uses the base currency unless specifically stated otherwise in the compoensation plan.
¶ Creating a Price Row
To ensure reps and customers can purchase an item, price rows must be created once an inventory item has been established in the inventory department. If a price row needs to be edited for any reason, such as a change in volume, that can be done for one row or multiple rows at a time. Price rows can also be deleted if the information is not needed any longer.
¶ Additional Information:
For additional information about inventory, see the following:
Edit Inventory Items
Inventory
Availability Flags
Bonus Values
Inventory Prices
Availability Dates
Prices
Price Values
Create Price Rows
Edit Price Rows
Delete Price Rows