Price Drop

How to use Price Drop feature?

Introduction

Price drop is the fall in the price of an item over a period of time. There are often price fluctuations of the products in certain businesses especially electronics. The price drop feature helps the user to update the corresponding changes when there is a price change. After updating the changes, there is a reduction in the total purchase amount of the product and the price drop amount will be returned back from the supplier.

Example
Consider an electronics product, a mobile phone. At the time of buying, the cost of the phone was Rs.5000/-
Now, there is a drop in the price of the item (say Rs.1400/- ) and the new price is Rs. 3600/-
Initially, the buyer had to pay Rs.5000/- to the supplier. After the price drop of the mobile phone, he is required to pay only Rs.3600/- to the supplier. If Rs.5000/- is already paid, the difference amount will be adjusted in accounts.

User can change the selling price also based on needs.

Price Drop
Use the Price drop screen to apply the price drop.

1. Click Purchase >> Price drop. The Price Drop screen is displayed.

 
  
2. Press F2 key. The Price Drop Filter screen is displayed.
3. In the Select drop-down, select from the following options.
  • Number of Days - Enter the number of days. The price drop is applied for the items that were purchased in the specified days.
  • Date - Enter the dates in the From and To fields. The price drop is applied for the items that were purchased in between the specified dates.

4. In the Distributor field, press F2 key. The Distributor LOV is displayed. Select the distributor from the LOV.

5. In the Item Name field, press F2 key. The item LOV is displayed. Select one or more items from the LOV.

6. In the Drop Based on drop-down, select from the following options.

  • Landing without Tax
  • Purchase Rate
  • Landing with Tax

Note: To apply Category based Price drop, use the Category section. In the Category field, press Enter. The category LOV is displayed. Select the category from the LOV.

7. In the Price Drop drop-down, select from the following options.

  • Perc(%)
  • Amount

8. In the Value (Per Qty) field, enter the price drop value per quantity.

9. Select All purchased quantities are eligible for price drop checkbox to apply the price drop to all the purchased quantities. By default, this checkbox is enabled. If it is disabled, the value in the Eligible Qty column is shown as zero. You need to enter the value manually.

10. Select Do not consider returned qty for price drop checkbox to apply the price drop excluding the returned quantities. By default, this checkbox is enabled. If it is disabled, all the purchased quantities will be loaded in the Eligible Qty column.

11. Click Apply. The values are updated in the price drop screen.

 

12. Click Save or press F6 to save the price drop of the items.

Attributes

Values

Purchase Price of the item

5000

Price drop

10%

10% of 5000

500 (Per Qty)

For 5 quantities

500 * 5 = 2500 (Total amount)

The new purchase price of the item

5000 - 500 = 4500 (After Drop Landing)

The total amount is the amount that has to be deducted while paying to the Supplier.

Note: You can edit the value in the Eligible Qty field.


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