Goal

What Are The Steps Required To Setup And Use Retroactive Pricing Functionality ?

Solution

Prices for items on blanket agreements can change over the effective period of an agreement as a result of ongoing negotiations between the buyer and the supplier. In fact, it is common practice in certain industries to initiate and execute against an agreement with an interim price. A firm price may get finalized several months into the life of the agreement. In these scenarios it is possible that the updated price is applicable retroactively. Oracle Purchasing allows buyers to make price changes on global blanket agreements and on blanket agreements.

Click Here to View the Document for complete details on the required setup and using Retroactive Pricing.

Document includes the following topics:

• Introduction
• Setup
• Profile Option Setup
• Archive Mode
• Retroactive Price Adjustment Account
• Cumulative Pricing
• Encumbrance
• Methods of Updating the Retroactive Pricing
• Retroactive Pricing Cycle
• Change Order Workflow Setup