| MODULE AVAILABILITY | ♦ Pro | ♦ Standard | ♦Price View | ♦ Exports |
Price Adjustments overview
Price Adjustments let you apply discounts and adjustments as either a percentage or a specific dollar amount, with a start date/time and end date/time, so you can compare your products accurately for your long-term pricing regulations. Adjustments can be added to the gross price (as a surcharge) or subtracted from the gross price (as a discount).
We recommend that you use price adjustments for mid- to long-term pricing needs, such as prompt pay discounts or oil spill taxes. Price Adjustments do not automatically update when a new base price is received form a supplier, as price changes do.
You can also use Price Adjustments to:
- Adjust a price on a long-term basis (If you want to apply a one-day or short-term price adjustment, see Price Changes.)
- Subtract a discount from a price
- Add a premium to a price
- Add an adjustment as either a percentage or a specific dollar amount
- Attach the adjustment to a specific supplier
- Attach the adjustment to “All” terminals or a specific terminal
- Attach the adjustment to “All” products or a specific product
- Specify a start and end date for the adjustment
- Apply the adjustment according to its level
- View the adjustment through the Market Analysis, Price Analysis, and Best Rack screens
Setting up Price Adjustments
Adjustments are applied cumulatively according to their level. Level 1 adjustments are applied first, while Level 4 adjustments are applied last. Adjustments at the same level are applied in the order they are set up by you. The more specific the adjustment is, the higher the level is, with Level 1 being the highest.
| Adjustment | Level | Terminal | Product |
|---|---|---|---|
| Terminal/Product: Applied to a specific product at a specific terminal. | Level 1 | Specific Terminal | Specific Product |
| Product: Applied to a specific product at all terminals. | Level 2 | All Terminals | Specific Product |
| Terminal: Applied to All products listed at a terminal for a selected supplier. | Level 3 | Specific Terminal | All Products |
| Supplier: Applied to All products at All terminals for the selected supplier. | Level 4 | All Terminals | All Products |
For a better understanding, imagine Bob has a 1% prompt pay discount from BP on Conv 87 Unleaded Octane gasoline at a specific terminal. However, Bob also takes into consideration the Oil Spill Tax that BP doesn’t include in their posted price, which is .0019 per gallon for clear gasoline. Since the prompt pay discount is more specific, it is a Level 1 adjustment, and is applied to the price first, and then the Oil Spill Tax, which is a Level 2 adjustment because it is less specific than the prompt pay discount, is applied.
Filter options for Price Adjustments
| Term | Description |
|---|---|
| Supplier | Select the supplier adjustments you want to see. You can select All to see adjustments for all suppliers, or select a specific supplier to see adjustments for that supplier only. |
| Show Only | Display options are:active, future, or all price adjustment records for the selected supplier. |
Key definitions for Price Adjustments results
| Term | Description |
|---|---|
| Level | The price adjustment level. |
| Adjust | The adjustment amount. This can be in dollars or a percentage. |
| Type | Indicates whether the Adjust value is in dollars ($) or a percentage (%). |
| On Display | If Yes, displays the price adjustment in Price Analysis, Market Analysis, and Best Rack; does NOT include it in exports. |
| On Export | If Yes, includes the price adjustment in exports; does NOT display it in Price Analysis, Market Analysis, and Best Rack. |
Price Adjustments FAQs
Q: What’s the difference between a price adjustment and a price change?