pay your vendor based on market price instead of purchase order price ?

[former_member248277]

hi My Requirement is to make payement to vendor based on the market price maintained in MEKH.

Please help me with the basic steps and configuration for the same.

[former_member233510]

Hi Alex,

MEKH is only used to change the gross price condition in the info record or outline agreements. To use MEKH, the prerequisite is you've to define calculation schema for determining market price and then you've to maintain condition record in the transaction MEK1 for the market price condition type MP01. When you create / change the condition MP01 using the transaction MEK1 / MEK2 with market price, new condition will be automatically created in the info record with a new validity period and the existing conditions will be closed. Please note that you need to update the market price before you create Purchase order.

BR, Rosh.

[former_member248277]

Currently the Purchase order pricing condition is PB00 which is maintained at info record. But we create the PO initially with .01 value and later on when it is about to goods receive we will be having the market price. we need to update all the Purchase orders created already with the Market price and the goods receipt is done only after that. how can we update the Market price to the Purchase orders already created.?

[BijayKumarBarik]

Hi,

I am not sure about your process and how is your business agree for creating PO  with material 0.01value and later updated PO with material price of material?

As you already said- you go for goods receipt of your material with market price which is in your PO.

Probably you have "GR based IV" indicator set in your PO

1.Carry out invoice for your same PO with market PO

2.Pay to vendor of invoice price( which is market price)

Regards,

Biju K

[former_member234835]

This message was moderated.

[JL23]

Please do not confuse balance sheet valuation with purchase order price.

That is one reason why I do not like link only replies, one does think more if he has to phrase the answer himself.

[former_member234835]

This message was moderated.

[BijayKumarBarik]

Hi,

Before paying to your vendor- cross check how you do invoice for your vendor PO and with respect to which price- PO price or market price?

Discuss with FI/CO team to pay your vendor with your expected price with transaction code F-53

Regards,

Biju K

[JL23]

You are not getting an invoice from your vendor? I would not pay without invoice.

[former_member248277]

Currently the Purchase order pricing condition is PB00 which is maintained at info record. But we create the PO initially with .01 value and later on when it is about to goods receive we will be having the market price. we need to update all the Purchase orders created already with the Market price and the goods receipt is done only after that. how can we update the Market price to the Purchase orders already created.?

[former_member234835]

This message was moderated.