How should Inventory Price Levels be set up and how do they work?
For each inventory item, you can add multiple pricing levels with discounts or markups for that product. Each of these levels can be added multiple times for different quantity ranges and units of measure.
A price level can either be exclusive or non-exclusive. Non-exclusive price levels are available for every customer, regardless of that customer’s pricing method. These are normally used to create quantity price breaks, where anybody who buys a certain amount of that product will get a discount. If a price level is marked as non-exclusive, the level column will be disabled, since changing the level won’t have any effect.
Exclusive price levels only apply to customers that have that particular price level assigned to them.
In the example given above, the sales price is $55. Every customer will get a 2% discount regardless of their setup, customers with a price level ’02’ will get a 10% discount if they buy less than five, and 12% if they buy up to one hundred, customers with a price level of ’06’ will have a 16% markup applied to the sales price, and customers with price level ’08’ will have the price as two dollars above cost. Note that any one of ninety-nine price levels could be in this item any number of times, depending on the complexity of pricing that is required.