When setting my Terms, can Promax create these at SKU level?

22 Jun 09

Trading Terms like Promotions are part of the core functionality in Promax PX. A Trading Term in Promax PX is a discount given to a retailer or wholesaler on a percentage basis or dollar rate basis, and applies to all sales, not just promotional sales over some agreed period of time, generally ongoing.

It may be taken off the invoice or be a deferred trading term, which means the invoice does not show the deduction and a claim is made later for the amount, again at an agreed frequency. Deferred Trading terms are sometimes also called rebates. Trading Terms may apply to the whole product range, or some part of the range.

Sometimes terms may be applied in a cascading manner, meaning they are calculated after another term is calculated.

Trading Terms have a date period and need to be confirmed like promotions. Once confirmed it has a confirmation number like a promotion.

A Trading Term can be created by Product Hierarchy or by SKU.

When a Trading Term is created by Product Hierarchy, the deal is defined by the product(s) added. All skus that belong to the product(s) participate in the trading term.

The advantage of a Trading Term defined by Product Hierarchy is that any new SKUs within the defined Product Hierarchy are added to the Trading Term, so they do not need to be updated.

When a Trading Term is created by SKU the deal is set per SKU. Unlike the Trading Term by Product Hierarchy, the number of SKUs on the Trading Term remains fixed. Any new SKUs need to be added manually.

It should be noted that when a Trading Term is created by Product Hierarchy, the user will be able to see the SKUs automatically added to the Term by an overnight process, on the SKU tab. The user will only be able to view the SKUs, not edit them.