How to configure the following scenario in Pricing procedure.
The system will check to see if the prices for this particular material are already maintained in the system.
This could be in the form of Customer/Material prices of in the form of Segment-wise price lists.
The system will first check for the customer/material price and if it does not exist, it will check for the segment price list.
The pricing automatically flows if it is maintained in the price master.
If a minimum price has been maintained, the system will not allow the user to enter a price lower than the one maintained in the master. In case lower price has to be submitted to the customer, proper authorization will be required.
The system will use a dual price control mechanism. There will be the minimum price as declared by the Higher Level Management. The second level of check will be captured as Customer Expected price.
The may specify the minimum price of a material to be Rs. 3.00 and the GM (Marketing) may specify the minimum price to be 2.50. If the sales personnel negotiate a price between 3.00 to 2.50, he will have to seek authorization of the GM (Marketing).And if the price is negotiated at below 2.50 authorizations from the MD will have to be sought.