List Price
- Set by division that owns the item
- Entered in NetSuite by Product & Sourcing at item set-up, subsequent modifications made on item record by Sales Ops
- When cross-selling, a different list price may need to be created to account for variables in other division’s business
- Example: commissions, customer program, pricing structure, margin requirements
Customer List Prices:
- ~AAFES List, ~Marines List & ~NEXCOM List
- Customers aren’t assigned to these price levels, but are recorded for reporting and other purposes
- For the military Exchange customers, we maintain catalogs of the items they purchase from us and the price they sell to the end user
- Typically, lower than our list price to show value
Other “For Reference” Prices
- ~Closeout
- Used for reporting for Sales and Business Managers after a division has decided to reduce pricing to sell inventory at a lower price prior to liquidation
- ~Drop Ship Price
- Customers can be assigned to this price level
- Used for Direct Fulfillment Eligible report
- Division may choose to price an item differently from drop shipping or could be the same as the lowest price level in that division