Consignment Discounts window
Purpose
Use this window to set up your consigned inventory discount policies.
To access this window
On the Maintenance menu, point to Inventory Maintenance and click Consignment Auto Discount.
Diagram
The following thumbnail illustrates the Consignment Discounts window. Click it to view a full-size image.
Item descriptions
Item | Description |
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Look For |
Enter a discount to find in the grid. The grid automatically moves to columns matching the value as you type. |
Description (grid) |
Displays the descriptions of your consignment discounts. Click the column heading to sort the grid in ascending or descending Description order. |
Description |
Enter up to 20 characters describing the discount. |
Discounts Start On Day |
If you want your discounts to begin on a certain day of the week or month, enter that number here. If you want your discounts to begin based on the date you received the item into your consigned inventory, enter 0. For days of the week, Monday is the first (1) day of the week. If you enter a number in this box that is higher than the number of days for the month, months with fewer than 31 days will start in the next month. For example, if you enter 31 here, months with 30 days will start on the first day of the next month and February will start on the second or third day of March (depending on if February has 28 or 29 days). |
Of The |
If you want discounts to begin on a certain day of the week or month, select Week or Month in this box. If you entered 0 in the Discounts Start On Day box, this box is ignored. |
Discount Periods Are |
Indicate if your discount periods should be calculated as days (such as 30/60/90 days) or months (such as 1 month). |
Number of Days Before Discounts Start |
Enter the number of days the item must be in stock before discounts are applied. |
Level - Days/Months |
Enter the number of days or months, depending on your selection in the Discount Periods Are box, after which you want discount levels to begin. You may enter between 1 and 4 discount levels. Levels 2, 3, and 4, start that number of days or months after the prior level. In other words, if you want to set up discounts for every 30 days, enter 30 in each box. Entering 30, 60, 90, and 120 will cause the second discount level to begin 60 days after the first level, the third level to begin 90 days after the second level, and the fourth to begin 120 days after the third level. This number begins after the Number of Days Before Discounts Start value is met. For example, assume the following is true: Discounts Start On Day is set to 1, Discount Periods Are is set to Day, Number of Days Before Discounts Start is set to 45, and this box is set to 30. If you receive an item on January 15, 45 days later is March 1. Because the value for Discount Start on Day is 1 (the first day of the month), Level 1 discounts begin on March 1. However, if you receive the inventory on January 16, the 45 days expires on March 2 which is after the value for Discounts Start On Day. In this case, the Level 1 discounts will begin during the next discount period on April 1. |
Level - Percent Discount |
Enter the discount percentage you want applied to items at each level. Enter values as a decimal. The discount percentage at each level is calculated separately from the level before it. For example, if you want to apply discounts of 10%, 20%, 30%, and 40%, enter 0.10, 0.20, 0.30, and 0.40 in these boxes. |
Item | Description |
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Save |
Saves your changes. This button only displays if you are adding or editing consignment discounts. |
Cancel |
Cancels your changes. This button only displays if you are adding or editing consignment discounts. |
Delete |
Click this button to remove the highlighted consignment discount. |
Add |
Click this button to add a consignment discount. |
Exit |
Returns to the previous window. |