ANS-0302 · INVENTORY & ITEM MANAGEMENT
How Do Pricing Schedules Interact with Pricing Groups in NetSuite?
NetSuite's pricing hierarchy ensures item-specific pricing schedules take precedence over pricing groups and customer price levels.
Short answer
NetSuite's pricing hierarchy ensures item-specific pricing schedules take precedence. When a pricing schedule is active on an item and the 'Update Existing Prices' checkbox is selected, it will supersede any existing pricing group structures and tables. This applies the item's specific scheduled pricing according to the defined order of pricing component interaction.
Scenario
Users often encounter situations where multiple pricing components, such as pricing groups and pricing schedules, are configured for an item. Understanding the order of precedence among these components is crucial to ensure that the correct final price is applied to transactions. This scenario addresses how NetSuite resolves potential conflicts when both are present.
Solution
NetSuite's pricing hierarchy dictates the order in which different pricing components are applied. Item-specific pricing, such as that configured via a pricing schedule, takes precedence over pricing groups. Pricing groups, in turn, take precedence over customer price levels.When a pricing schedule is active on an item, it will establish its precedence over any existing pricing group configurations. To ensure the pricing schedule's effect, users should:
Navigate to the specific pricing schedule defined on the item.
Locate and check the 'Update Existing Prices' checkbox.
Save the pricing schedule record.This action ensures that the pricing schedule's defined structure and table supersede any existing pricing group configurations, applying the item's specific scheduled pricing according to NetSuite's established order of precedence.
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