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Manage My Item Catalog

Add a single cost with a core charge (Redemption Value)

Use this task when an item cost includes a "core charge" or other redemption amount.  Core charges are normally associated with the automotive parts industry, but can be applied in a variety of markets.

Most core charges are simple refunds against the cost of a rebuilt or new part.  The refund is given to the customer when part being replaced is returned to the retailer.  The worn part is then returned to the remanufacturer for rebuilding or salvage.

Within Prescient, a core charge is called a Redemption Value.  

These steps are for adding "regular" costs.  Regular costs are your front-line costs, and do not have an end date.  A new cost goes into effect on the date you request, and replace the previous cost.  Discounts against these costs should always be given through the Item & Cost Promotion system.

For more information about costs, see Overview - Costs and retails.  Note: Your business unit must be configured in Prescient to handle redemption values.  If not, the redemption field will not display.

 

Follow these steps:

  1. Find the item and its costs

  2. Add the regular cost

  3. Enter the Effective Date and Save

Optional Search - Cost Selection Criteria

 

Find the item and its costs

 

From the main Item & Cost window:

  1. Click Manage My Item Catalog.

  2. Enter search criteria to find your items.

Hint:  You can enter an asterisk in the Supplier Item Number field to list all items.

Using "Find" to search for items

Search Criteria Field Definitions

  1. Click Find.  The items that match your criteria display in a table.

  2. Select the item.

  3. Click Costs.  

  4. Click Find. The item's current and future costs display.

Note:  Each cost is listed by cost zone. Promotional costs are displayed in GREEN.

If desired, enter COST SELECTION CRITERIA to search for specific costs.  See the Optional Search section below.

  1. Select the desired cost zone from the costs listed at the bottom of the window.

  2. Click Add Regular.

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Add the regular cost

Complete the fields as needed.  The following are required.  All other fields are optional.

  1. Cost Zone - Select the cost zone to which the cost applies.  

If you selected a zone before clicking Add Regular, the cost zone is selected for you here.

  1. Base Cost Amount - This is the cost before any allowance.

  2. Allowance - Any allowance off the base cost that you normally provide for this zone.  

  3. Click Calculate to complete the Net Cost.  This is the Base Cost minus the Allowance.  

  4. Enter the item's Redemption Value.  This is the "core charge" associated with the item (in its cost zone).  Enter without a currency symbol.  For example, enter $25.00 as 25.00.

Notes:

    • If no core charge is applicable, leave this field blank.  

    • The Redemption Value must be less than or equal to the Base Cost.  

    • If an item previously had a Redemption Value in your item catalog, and one is not entered for the new cost here, an error displays.

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Enter the Effective Date and Save

  1. Effective Date - The date that the new cost will begin. Tomorrow's date is entered by default.  Enter dates in the format mm/dd/yy or mmddyy.

Important:  Each item must have at least one regular cost in each cost zone to which it is authorized.  A regular cost is one without an End Date, and is replaced when a new regular cost is added.

  1. Click Save to store  the new cost. Your task is complete.  

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Optional Search

Cost Selection Criteria

 

You can use the search fields and buttons in the COST SELECTION CRITERIA area to display or work with specific costs.  

  1. Enter search criteria in any or all of the fields.

To search by Cost Type, such as Regular (R).

To search by Handling Method, such as Off Invoice.

To search by Cost Date, such as Costs that start and/or end...

To search by Cost Zone, such as your Regular or Store Zones.

  1. Click Find.  

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New 8/26/2003