Checking Prices

About Checking Prices

The Checking Prices functionality allows users to check the multiple prices that are available for one or more items based on their purchasing criteria.  For example, a part may display many pricing configurations based on quantity pricing, promotions, list price, etc.  Along with pricing, you can also view all the prices for a selected manufacturer or supplier, and can even calculate your purchase subtotal based on the quantity of parts required.  Pricing details allows you to view availability information such as the amount of parts in stock, quantity on hand, and shipment lead times.  Currency Conversion allows you to list the various international prices based on exchange rates that you maintain within your currency tables.  Each of these options gives you the ability to manage your sourcing process for all the parts that are involved in your Product Lifecycle Management environment.

When Checking Prices

  • When checking the pricing details of a part, prices are displayed only when the current (system) date falls within the effective start and end dates of the part being displayed.
  • For a currency conversion from the current currency to a chosen currency, an exchange rate must exist in corresponding Explore table's "Exchange Rates" field. 
  • The "Currency From" and the "Currency To" columns must correspond to the Current Currency and the chosen currency from the "Exchange Rate" column.
  • The "Exchange Rate" column must correspond to the exchange conversion rate based on the date mentioned in the "Exchange Date" column.

Accessing the Checking Prices Command

Within CES, there are many methods of accessing the Checking Prices command. To complete the scenario below, select one of the following methods to access the Checking Prices window:

 
If You Are Using the... Then...

Search Results window

  1. Follow the steps to search for an object.

  2. In the Search Results window, select the object for which you want to check prices.

  3. Right-click, and select Check Prices from the shortcut menu.

Relationship Navigator

  1. Right-click the object for which you want to check prices, and select Check Prices from the shortcut menu.

Favorites
  1. In the Favorites window, right-click the object for which you want to check prices, and select Add to Navigator from the shortcut menu.  The objects appear in Relationship Navigator.

  2. Right-click the object for which you want to check prices, and select Check Prices from the shortcut menu.  

How To Check Prices

This task explains how to Check Prices:
  1. In the Search Results table, select the records whose prices you want to check.  Right-click and select the Check Prices option from the drop-down menu.  The Check Prices window appears.

     

  2. In the Check Prices window, enter a value in the quantity field and select the prices you want to check.  Select one of the Pricing Options and click ContinueThe Check Price Details window appears.

     

  3. Notice that the computed prices are now displayed, showing the quantity pricing defined.  You can also view all of the details associated to these items by selecting the fields within the table.  These fields are linked to the various item details for each item listed.  To demonstrate how you can view details of the corresponding companies, click the Manufacturer link for one of the listed items.  The manufacturer's Company Properties windows appears.

  4. From here, you can review all the information that is documented for that particular company.  CES offers you a fast and easy way to control and review any information that you would need regarding the various companies that you do business with.  To see more of the capabilities that CES offers, return to your previous window and click the Pricing Method link of one of the displayed items.  The Price Details window appears.

  5. This window gives you all the information regarding the pricing of your items, including the price breaks based on quantity purchases.  You can view where the parts are shipped from, where they arrive, and the lead time that is associated with each shipment.  A variety of information is contained for each item, which makes research a breeze and effortless task.  Return to the Check Price Details window by clicking the Return button.  The Check Price Details window appears.

  6. When selecting the Normalized Currency option, you are able to review pricing based on the selected currency.  Notice that the USD currency is the standard currency for the database, and when selecting the Normalized Currency option, that you have the option of selecting the currency for which you want to view based on the currency rates stored within your internal tables.  To learn more about your currency tables and how they are managed, see your System Administrator.  Now that the Normalized Currency option is selected, two additional columns are displayed; Normalized Price and Normalized Sub-Total.  Each of these columns will display the normalized price and normalized sub-total of the selected item based on the selected currency and item quantity.  However, you also have the ability to change the quantity of the item and calculate its new pricing in the Sub-Total column.  To demonstrate this functionality, change the quantity amount of an item and select the Sub-Total button to display the sub-total calculation of your item based on both the selected currency and the quantity entered.

     

  1. Notice that each window dynamically reacts to each of your individual selections, and that the subtotal of your item is displayed based on the quantity input and the USD currency selection.  The normalized unit price and normalized sub-total unit price of your item along with the sub-total price (based on the selected quantity and currency) is now showing as well, which gives you the ability to compare pricing and make educated decisions.

The Check Prices Window

This table describes the fields displayed in the Check Prices window.

Fields Description
Qty The amount of items that you want to check prices for.
Pricing Options The various price checks that can be deployed on the selected items.

This table describes the buttons displayed in the Check Prices window.

Buttons Description
Discards all the changes applied to the check prices function and returns you to the Search Results window.
Moves you to the results of the selected price checks.
Takes you to the previous window.
Calculates the sub-total pricing based on the currency and selected quantity.