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Former Member

Query on Rebates/Subsequent settlement

Hi,

The scenario is that Vendor reduces the price of an article.

There is some stock at hand and the vendor is ready to refund the difference.

Eg. Cost price of Cannon Digicam was 400$, now the Vendor reduces the price to 300$. He sends a notofication for this. If the stock at hand (DC stock + Store Stock) is 12 EA, then the vendor is ready to refund us (400-300)*12 = 1200$

How can u map this process in Retail. Currently we find out the Qty at hand using a report and multipy it with the cost difference in an excel and send it to the Vendor as a Rebate amount.

Vendor beleives on us for the Qty at hand.

Thanks

Kanica

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1 Answer

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    Former Member
    Mar 24, 2009 at 12:07 PM

    Hi,

    For You scenario, create debit note for price different to vendor..

    this will help

    Regards

    Vijai Jain

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    • Former Member Former Member

      Hi,

      Yean i knw this. But you are actually not understanding the process.

      We dont want to do this whole process of calculating stock on hand, creating rebate, changing MAP to be done one by one manually.

      We just want an inetgrated approach where we just key in the new price and say its a vendor price change.. the system automatically calculates the qty on hand, calculates the rebate amount and cretaes a credit memo and also adjusts the moving avg price.

      We are curretly doing the whole process manually as i had described... but we are looking for something better.

      Cheers

      Kanica