Price list inheritance

One price list can inherit the items and price information from another price list. When a price list has one or more dependent price lists inheriting the price information from it, that price list is called a master price list.

Some organizations maintain a master price list from which inherited price lists are created to give certain discounts or charges to a specific customer or group of customers. For example, if an organization has three divisions to cater to customers in three different regions, the organization can create one master price list in which the prices of all the items are defined, and three dependent price lists that inherit the items and price information from the master price list. A pricing organization user can either increase or decrease the prices that a dependent price list inherits from a master price list by a percentage, a fixed amount, or both a percentage and a fixed amount.

When a price list is inherited from a master price list, the inherited price list inherits all the products and their list prices, percentage or absolute adjustments, if any, effectivity dates, and the status and currency of the master price list. However, the inherited price list does not inherit the assignments. A pricing organization user can then define additional percentage adjustments or absolute adjustments to the unit prices in the inherited price list. For example, if you have an inherited price list for a region in which you want to charge higher prices, you may want to define that all the prices in this inherited price list are increased by $5.00, 5%, or by both $5.00 and 5%.

You can also create a new price list from an existing price list by copying it. When you copy a price list, with the exception of assignments, everything is copied to the new price list, including the products and their list prices, percentage adjustments or absolute adjustments, if any, effectivity dates, and the status and currency of the price list. However, significant maintenance may be required if you have to keep these price lists synchronized. For example, when you make changes to one price list, such as adding an item or updating the price of an item, you must make the same changes in all the copied price lists. If you have to keep price lists synchronized, use the price list inheritance feature rather than copying a price list.