Price Adjustment Settings

(Product Adjustment)

Access

Support Files: Category, Group, Vendor

Tabs:  General, Adjustments, Products, Import/Export

Use this routine to mass-update selected products.  For example, you can apply a sale or promotion price to one or more products. You can specify

• multiple lists of products to adjust,

• a period of time in which to apply the adjustment, and

• a future date on which to begin applying the adjustment.

You can apply product adjustments to

• vendor product lists,

• product groups,

• product categories

• product collections,

• products in a district, or

• individual products.

Products with a Markdown status are not included in the price adjustment process because a specific markdown price has already been established for the product.  This ensures that special pricing for markdowns are not overwritten.

 To load adjustments, access the Actions button on the Products tab and click on Load Adjustments. You can also use the Date to Load field to load adjustments on a future date.  Note that if you use either option, a confirmation box appears via which you must confirm you want to load adjustments.

To print floor tags based on a product adjustments list you create here, use the Product Adjustment field in the Print an Inventory Floor Tag routine.

Header Area

For each tab in this routine, the following information appears at the top of the screen:

Adjustment CodeEnter a code to identify this product adjustment. You can enter a maximum of 10 alphanumeric Consisting of both letter and number characters and often other symbol characters such as punctuation marks. characters.

Click the Search button to access a list of existing adjustment codes, both loaded and un-loaded. If you select a code from the list and the adjustment has already been loaded, you access the read-only version of this screen.

TypeThe type of adjustment displays, as defined at the Type field below.

Adjustments Loaded  The date on which the selected products were loaded with the current pricing adjustment displays.

Tags Printed  The last date on which tags were printed for this adjustment displays.

General

Use the fields on this tab to specify general information on the product adjustment including the products you want to adjust and the date range in which to apply the adjustments. You also use this screen to apply district pricing.

You can use several of these fields, for example Vendor and Group, to specify multiple products for product adjustment.  If you specify products in this way but do not specify individual products via the Products tab, then when you click on Load Adjustments a warning message appears with the option to abort the load and specify a different set of products or continue and load adjustments for all selected products.

DescriptionEnter the description for this product adjustment. You can enter a maximum of 30 alphanumeric characters.

Type

VendorUse this field to specify one or more vendors whose products you want to include in this product adjustment. Otherwise, leave the field blank.

If you click on the Search button, you access the Vendor Cross Reference window, from which you can make a selection. If you click on the Action button An outlet to additional routines and functions. Identified by a blue button with a white ellipsis, Action buttons appear next to fields., you access the Multiple Vendor Selection window.

GroupUse this field to specify one or more product groups whose products you want to include in this product adjustment. Otherwise, leave the field blank.

If you click on the Search button, you access the Multiple Selection Lookup Window, from which you can select one or more groups. If you click on the Action button, you access the Multiple Product Group Selection window.

CategoryUse this field to specify one or more product categories whose products you want to include in this product adjustment. Otherwise, leave the field blank.

If you click on the Search button, you access the Multiple Selection Lookup Window, from which you can select one or more categories. If you click on the Action button, you access the Multiple Category Selection window.

CollectionUse this field to specify one or more product collections whose products you want to include in this product adjustment. Otherwise, leave the field blank.

If you click on the Search button, you access the Multiple Selection Lookup Window, from which you can select one or more collections. If you click on the Action button, you access the Multiple Product Collection Selection window.

Include Products with Inactive Purchase StatusTo include inactive (obsolete) products check the box. Otherwise, leave the box blank. Inactive products are those with a purchase status of D = dropped, T = discontinued, or P = purge, as defined on the Settings tab of product settings.  

Include Zero QuantityTo include products with zero quantity-on-hand and zero quantity-on-PO, check the box. Otherwise, leave the box blank.

Zero quantity refers to both quantity-on-hand and net PO quantity.

Discountable OnlyTo include products flagged as discountable in the Product file, check the box. Otherwise, leave the box blank.

This field is active only for Adjustment type PP - Promotional price.

Product Type

Change District PriceThis field is active for Adjustment types PP (promotional price) and SP (selling price) only. To activate the District field, check the box. Otherwise, leave the box blank.

District

Date to Load

Starting DateThis field is active only if you specify PP (promotional price) at the Type field. Enter the starting date of the range in which you want to apply promotional pricing to the selected products. The date must be greater than or equal to the current date.

Ending DateThis field is active only if you specify PP (promotional price) at the Type field. Enter the ending date of the range in which you want to apply promotional pricing to the selected products. The date must fall after the starting date.

Commission PercentThis field is active only if you specify PP (promotional price) at the Type field. Enter the percent of commission to be calculated if no individual Price/Spiff/Commission table exists for the product. The system updates the Promotional Pricing fields in the Product and Product Subsidiary Regional files.

Spiff AmountThis field is active only if you specify PP (promotional price) at the Type field. Enter the Spiff amount to be used if no individual Price/Spiff/Commission table exists for the product. The system updates the Promotional Pricing fields in the Product and Product Subsidiary Regional files.

Adjustments

After you use the General tab to specify the products you want to adjust, use this tab to specify the adjustment you want to apply to the selected products. For the products whose prices you adjust here, the system updates the following fields on the Pricing tab of the Product file record:

• Promotion Code

• Sale Starting Date

• Sale Ending Date

• Promotion Selling Price

TypeTo identify the number in the Discount Factor field as a dollar amount, select Dollars. To identify the number in the Discount Factor field as a percentage, select Percent. For example, if you select Percent at the Type field and enter 15.00 in the Percentage field, the system discounts the regular selling price by 15 percent.

Percentage/AmountThe name and function of this field is determined by the response in the Type field. The default response is zero.

If you specify Percent at the Type field, the system names this field "Percentage" and you use it to specify the percentage amount by which you want to adjust the product price. If you specify Dollar at the Type field, the system names this field "Amount" and you use it to specify the dollar amount by which you want to adjust the product price.

DirectionUse this field to specify whether to add (Increase) or subtract (Decrease) your adjustment from the Basis. The default is Increase.
 

The following three fields are rounding options that apply when calculating:
-price adjustments,
-the new price of a product when the Code field on the Pricing page is changed in Advanced Product Settings,
-the new price of a product when the Promotion Code field on the District Settings tab is changed in District and Regional Product Settings.

These rounding options do not apply to Import External Data or RetailDeck Control Settings.

Rounding Method

Round To

End In

Basis

For information on loading adjustments, view the topic on Price Adjustments - Actions.

Products

After you use the Adjustments tab to specify the adjustments you want to make to product prices, use this tab to load into the grid the products whose prices you want to adjust. To mass-update multiple products at once (for example, products from a vendor), use the General tab to specify the products, then click on the Actions button at the bottom of this tab and select Load Products from the menu that appears. To add individual products to the grid, use the Product field described below.  

A counter next to the Product field indicates a product list is currently active. The counter indicates which record in the list is currently being edited and the total number of records in the list.  

Pricing for soft kit A kit with fewer selling and stocking restrictions than a hard kit, allowing you to treat the components as individual line items. For example, STORIS allows partial shipments of soft kits. masters cannot be adjusted using this process. Promotional pricing is not permitted with products designated as soft kit A group of stock products organized into a set so as to be sold as a package or suite. In STORIS, you can create hard or soft kits. masters.

ProductEnter the code of the product you want to change. If you click on the Search button, the Search for a Product window appears from which you can select products and/or create a list of products to change.  You can also select a product by entering the vendor model number in the Product field or double-clicking on it in the grid.

BasisThe amount on which the calculation is based appears.

CurrentThe current price or cost appears. Note that if no promotion is currently active, this field is blank.  

Adjusted  The adjusted price or cost appears. If you specify an existing product, the adjusted price or cost appears from the grid. If you are adding a new product not yet selected, the system calculates and displays the adjusted price or cost. You can override the calculated adjusted price or cost manually. The  amount you enter must be greater than zero.

Import/Export

Use the Actions button on this tab to import or export product adjustment data to or from Excel®.  Note that once you complete a price adjustment, the options on the Actions button become inactive and you can no longer export or import the price adjustment record.  However, you can clone the record and create a new one via the Clone option at the Actions button on the General tab.

PathThe standard PC path for all STORIS exports appears. You cannot edit this field.   

File NameEnter the name of the file you want to import or export. STORIS provides a default filename to use if you want to.