Price Approval on the SKU Level
Price approval on the SKU level is performed on the Price Actions page - Single Level tab. Follow these steps to open the tab:
2. Select the Single Level tab.
3. Set Approval Roles to the approval role you want to use.
4. Set Price Approval Workflow to the price approval workflow you want to work with. You will only have the option of selecting price approval workflows for which you have permission.
5. Set Approval Levelto the approval level you want to work with.
6. Set View Mode for either single or multi currency. Single currency mode displays prices converted to the selected currency (regardless of the location's pricing market currency). Multi-currency mode displays prices in the SKU's location pricing market currency.
Example 1: Assume you have SKUs on the Price Action page that have locations with pricing markets using both American Dollar and Japanese Yen currency types. If you select multi-currency mode, the SKUs with locations with pricing markets using American Dollars will be displayed in American dollars, and the SKUs with locations with pricing markets using Japanese Yen will be displayed in yen.
Example 2: Assume you have SKUs on the Price Action page that have locations with pricing markets using both American Dollar and Japanese Yen currency types. If you select single currency mode and then select a currency type of Euro, all prices will be displayed in euros.
7. Set a configurable filter for the page as desired.
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The configurable filter selected for this page will also be selected on the Price Action page's Multi Level and Financial Impact tabs.
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This tab lists the approval workflow price records that are waiting specifically for you to review and approve, hold, or reject. On this tab, each price record in the selected approval level is listed.
Follow these steps to perform the price approval process from this tab.
1. You need to set the grid data so that you see the price records you want to work with. Do any of the following to set the grid data.
To set the dataset limit:
You can set the number of records that you want to appear on the page. Click Manage and then enter the dataset limit in the Desired Dataset Limit box. The value should be between 1 and User Max Dataset Limit. Click Apply.
To filter on a location and/or part SKU:
If you want to filter the price action records on the page by location or part, enter a location and/or part in the Location and Part boxes on the toolbar. To enter part and location, you can use the Find Item button (
) or the auto-complete search box.
) or the auto-complete search box.To set the Price Change Filter:
Set the Price Change Filter to filter price action records based on price change according to the selected criteria. Select:
◦ No Change to display only records with no price change.
◦ Price Increase to display only records with a price increase.
◦ Price Decrease to display only records with a price decrease.
◦ New Price to display only records assigned a new price.
Click the Apply Filter button (
) to apply the filter; click the Clear Filter button (
) to clear the filter.
) to apply the filter; click the Clear Filter button () to clear the filter.2. Get more information or change price stream values
To get more information about a price record or to change the price stream values, use the row action button. Click the row action button and then click any of the following options:
◦ Advanced Price Streams Edit: Select to perform an Advanced Price Streams Edit on the selected SKU.
◦ Pricing Dashboard: Opens the Pricing Dashboard with the Pricing Worksheet tab selected.
◦ View Journal Entry: Opens the Pricing Dashboard with the Pricing Worksheet tab selected and then the Journal tab selected. On this tab you can view and manage journal entries for the price record.
◦ Create Alert: Opens the Alerts page where you can create an alert for the price record.
In addition to the Action button, if a price record has a Review Board entry, then the View Review Board Entry button (
) appears next to the Action button. Click the button to open the Review Board page.
) appears next to the Action button. Click the button to open the Review Board page.To view more information about a blocking or warning:
Price records can receive a blocking or warning as the result of processing pricing business rules assigned to the selected price approval workflow. To view more information about a blocking or warning, click the link in the Blocking or Warning column. A window appears listing the pricing business rules that caused the blocking or warning.
To view more information about Approval Limit Exceeded:
When a price record exceeds the assigned price approval limits for the selected approval role as determined by the last Rules Analysis Engine run, a count appears in the Approval Limit Exceeded column. To view more information about the approval limit exceeded, click the link in the Approval Limit Exceeded column. A window appears listing the pricing business rules that caused the approval limit to be exceeded.
3. Manage price records
To add a new price record:
a. Click the Add New Price Records button (
) on the toolbar. The Add New Price Record page appears.
) on the toolbar. The Add New Price Record page appears.You need Add permissions for the selected Approval Role on the Price Approval Workflow page to add a new price record.
b. Enter the part and location. To enter part and location, you can use the Find Item button () or the auto-complete search box.
) or the auto-complete search box.c. Determine whether you want to perform an Advanced Price Streams Edit or a Simple Price Streams Edit. Do NOT check Use Simple Version if you want to perform an Advanced Price Streams Edit. DO check Use Simple Version if you want to perform a Simple Price Streams Edit.
d. Click Save.
e. Do one of the following:
If you selected to perform an Advanced Price Streams Edit:
The Pricing Worksheet's Stream Prices section appears. Click here for more information about how to add the new price stream values for the new price record.
If you selected to perform a Simple Price Streams Edit:
The Stream Prices window appears. Click here for more information about how to add the new price stream values for the new price record.
To delete price records:
Highlight the price records you want to delete and then click the Delete button (
) on the toolbar.
) on the toolbar.|
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You need Delete permissions for the selected Approval Role on the Price Approval Workflow page to delete a price record.
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To import price records:
You can push price records directly by importing it. To import data, click the Import button (
) and follow the normal procedure to import data.
) and follow the normal procedure to import data.The Price Actions page has a global setting that controls the results of the import process.
◦ If the global setting is true, then the Price Actions gateway process will apply price offsets and calculate other fields.
◦ If the global setting is false, then the Price Actions gateway process will not apply price offsets, but it will calculate other fields.
To set price effective dates for price records:
The price effective date is the date that the new recommended price will become effective. If you do not set a price effective date for price action records before uploading them, the manual upload process automatically assigns today's system date as the price effective date for each SKU with a price effective date not otherwise specified.
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You can only set a price effective date that is greater than or equal to today's date.
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If you like, you can set a price effective date other than the default of today's date for price records.
a. Highlight the price records you want to change.
b. Click Manage.
c. Enter the new price effective date in the Set Price Effective Date box.
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You need Edit permissions for the selected Approval Role on the Price Approval Workflow page to set price effective dates for price action records.
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d. Click Apply.
4. Lock price records
Locking prevents all updates or deletes to the records. Also, records must be locked before approve action can be performed on them.
a. On the Single Level tab, highlight the price records.
b. Click Action and click Lock to lock the price records.
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The actions available on the Action button are determined by the settings on the Price Approval Workflow page.
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5. Take action on selected price records
Actions that can be taken on price records
Following are the actions that can be taken on price records:
◦ Approve: Approved price records are moved to the next approval level if skipping rules are not being used or are not satisfied. If skipping rules are being used and are satisfied, then price records are moved to the approval level defined in the skipping rule..
◦ Reject: Rejected price records are moved to the next lower approval level.
◦ Lock: Locked records cannot be edited, deleted, or overwritten by the Pricing Policy Apply Results process. Also, only locked records can be approved or uploaded.
◦ Unlock: Unlocked price records can be edited, deleted, or overwritten by the Pricing Policy Apply Results process. Unlocked records cannot be approved or uploaded.
◦ Hold:Held price records cannot be approved to the next higher approval level.
◦ Release Hold: When the hold on price records is released, the records can be approved to the next higher approval level.
Taking action on price records
On the Single Level tab, highlight the price records. Take any of the following actions on the highlighted records:
◦ To approve: Click Action and then click Approve. If global setting PRC_APPROVAL_LOCK_AUTOMATIC is set to false, then only those records that are locked and are not on hold and do not have any approval limits exceeded will be approved. If global setting PRC_APPROVAL_LOCK_AUTOMATIC is set to true, then all the records will be locked and those records that are not on hold and do not have any approval limits exceeded will be approved. Also, for both the cases, in Reason for Approve window, if Ignore Warnings is not checked, then those records which generated the warnings will not get approved; if it is checked, they will be approved. Similarly, if Ignore Blockings is not checked, then those records which generated the blockings will not be approved; if it is checked, they will be approved. Once the approval process finishes, the Approval Process Transaction Summary window appears posting notification of the actions taken.
◦ To reject: Click Action and then click Reject. The Reason for Reject window appears. Specify the approval level you want the record(s) to be demoted to, enter a reason for the rejection, and click Save. Only price records that are not on hold will be demoted. Once the rejection process finishes, the Rejection Process Transaction Summary window appears posting notification of the actions taken.
◦ To lock: Click Action and then click Lock.
◦ To unlock: Click Action and then click Unlock.
◦ To hold: Click Action and then click Hold. The Reason for Hold window appears. Enter a reason and click Save. Once the hold process finishes, the Put On Hold Process Transaction Summary window appears posting notification of the actions taken.
◦ To release the hold: Click Action and then click Release Hold. Once the release hold process finishes, the Release from Hold Process Transaction Summary window appears posting notification of the actions taken.
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The actions available when the Action button is clicked are determined by the Approval role permission settings on the Price Approval Workflow page.
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6. Upload price records to the Price Book
On the Single Level tab, highlight the price records you want to upload. Then, click the Upload button (
) on the toolbar. Price records that are NOT on hold and are locked will be uploaded. If global setting PRC_APPROVAL_LOCK_AUTOMATIC is set to true, then all the records will be locked and all the SKUs will be considered for upload. If false, then only the locked SKUs will be considered for upload. Once the upload process finishes, the Upload Process Transaction Summary window appears posting notification of the actions taken.
) on the toolbar. Price records that are NOT on hold and are locked will be uploaded. If global setting PRC_APPROVAL_LOCK_AUTOMATIC is set to true, then all the records will be locked and all the SKUs will be considered for upload. If false, then only the locked SKUs will be considered for upload. Once the upload process finishes, the Upload Process Transaction Summary window appears posting notification of the actions taken.|
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You will only see the Upload button if you have permission of upload level.
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Use the application