1 Reply Latest reply on Jul 31, 2009 1:09 PM by Supro

    List Price versus Market Price

    713774
      What is the difference between list price and market price under the purchasing tab in the item master? Does one have precendce over the other? Which one populates the price field in iProcurement?
        • 1. Re: List Price versus Market Price
          Supro
          user8663638 wrote:
          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).
          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)

          For supplier inventory replenishments item list price must be present ot generate a requisition. Market price is not used in such places
          user8663638 wrote:
          Does one have precendce over the other?
          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.
          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:
          Which one populates the price field in iProcurement?
          List price is used in iProcurement for inventory items when no Blanket or Quote is there.
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