This content has been marked as final. Show 1 reply
1 person found this helpful
user8663638 wrote:On the other hand, if you enter an item Purchasing populats the market price for the item in the market price field (PO line, Price Reference tab)
What is the difference between list price and market price under the purchasing tab in the item master?In the PO line if you enter an item Purchasing defaults the list price for the item (from item definition) in the (unit) price field (quantity based line types). You can accept the default list price or change it. This list price also gets populated in the list price field (PO line, Price Reference tab).
For supplier inventory replenishments item list price must be present ot generate a requisition. Market price is not used in such places
user8663638 wrote:In the Savings Analysis Report, when Quote is not defined, the Negotiated amount is calculated by multiplying the Market Price present in the PO line and quantity ordered. If market price is missing then it takes the List price.
Does one have precendce over the other?
So here market price has precedence over list price.
Please note that there is a documentation bug in some places in the PO user guide and Metalink etc sources where it states that in the Savings Analysis Report list price will have precedence over market price. This is wrong. You have to run the report with both the values present in PO line to find the truth. Also in the Savings Analysis Report description portion in the PO user guide the correct statement is present.
user8663638 wrote:List price is used in iProcurement for inventory items when no Blanket or Quote is there.
Which one populates the price field in iProcurement?