Understand Price List in Compiere ERP in 3 minutes

Price List in Compiere

The Price List Window allows you to generate product price lists for your Business Partners. Price lists determine currency and tax treatment. Price list versions allow the user to maintain parallel lists for different date ranges. The most current price list version is used based on the document date. All price lists have three prices: List, Standard and Limit the First step is to create a base price list. You can manually add products and enter the prices, or create them automatically. The base price list is often the purchase price list with list price (‘official’ retail price), the standard price (your purchase price). The limit price can be used to check your final purchase costs after discounts, rebates, etc. Price lists can be calculated and copied. To speed up the calculation, the parameters are stored and used when creating a new price list version.

Problem
Scenario(When / Why do we need this feature)

It’s been a major pain to modify every product’s price to suit the occasional events like Christmas Eve, Black Friday and other festive days to boost up the sales. There could be a huge list of products that needs to be promoted based on vendors, brands, and other aspects. Without price lists, changing every product and reverting it back once the festivities are over is time-consuming

Solution
How did the feature transform the business process

Pricelists in Compiere ERP makes it easy to switch between specific festive discounts and switch back once they are over. Brand specific and vendor specific price lists can be created easily, and every price list can have their own start and end dates…

“Manage and switch unique price lists with ease”

Next In Action: Price List Discount Schema

Author: Venkatesh Perumal

Price: $2

Category: Price List Management

Tags: product, campaign, promotion, Backoffice, pricelist, brand