Exercise - Create price data and update agreements

  • 15 minutes

In the USP2 company, the price of apples (part M9103) is to be tracked based on the NYMEX commodity exchange pricing of apples. The sales price of apple sauce, which is manufactured from the apples, is to be based on the fluctuations in the pricing of the apples.

For this scenario, you will complete calculation of sales pricing of the apple sauce for the weeks of August 17, 2020 and August 24, 2020, and then approve and post the trade agreements that are created.

Before you begin

You must perform the previous exercise “Set up pricing calculation”, before you can do this exercise.

Complete price calculations

  1. In the USP2 company, go to Inventory management > Periodic tasks > Commodity pricing > Create price and margin data.
  2. In the Pricing calculation field, enter or select a value such as 000001.
  3. In the Pricing template field, enter or select Apples.
  4. Select OK.

Review price calculation data and create trade agreements

  1. Go to Inventory management > Periodic tasks > Commodity pricing > Price margin update.
  2. Select Lines in the Action Pane at the top.
  3. Select Update trade agreements.
  4. Select OK.
  5. Close the page.
  6. In the list, find and select the desired record.
  7. Select Lines.
  8. Select Update trade agreements.
  9. Select OK.
  10. Close the page.

Post trade agreements

  1. Go to Sales and marketing > Prices and discounts > Trade agreement journals.
  2. Select Lines.
  3. Select Post.
  4. Select OK.
  5. Close the page.