Tiered Prices

Tiered pricing allows item prices to be progressively discounted on a basis of the total quantity of the item ordered. So that, for each item, there is:

• A Nominal Price, and
• A series of progressively declining Price Tiers.

Nominal Price

When searching or browsing the catalog, or viewing the contents of a Shopping Cart, a single, nominal item price is shown, expressed in the currency used by your Buying Organization.

Price Tiers

When you view the Item Description page, the Procurement application also displays:

• Minimum Order Quantity
• Order Price (Currency) expressed in the currency used by your Buying Organization
• Comparable Price (Currency) expressed in the currency used by your Buying Organization

If there is no tiered pricing schedule for the item:

• The Minimum Order Quantity shown is 1.
• Only one Order Price (Currency) is shown.
• Only one Order Price (Currency) and only one Comparable Price (Currency) are shown, and they are the same.

If there is a tiered pricing schedule for the item, a table is displayed containing:

• Various sizes of Minimum Order Quantity.
• A different Order Price (Currency) for each Minimum Order Quantity.

For example:

Minimum Order Quantity	Order Price (USD)	Comparable Price (USD)
1	244.75	244.75
10	230.33	244.75
50	187.44	244.75

The total price of your Shopping Cart or Order is automatically adjusted for the tiered pricing schedule:

• When you Check Out.
• If an adjustment to the nominal price is received from the supplier.

Quantities

When tiered pricing is established for an item, the supplier has the option (but is not required) to set:

• Minimum Order Quantity values, and
• Maximum Order Quantity

The quantity ordered is checked against these values during Check Out. If you order a quantity less than the minimum or greater than the maximum, or if you order a quantity that is not a multiple of standard lot sizes, the Procurement application will require an adjustment of price, quantity or both, before the Shopping Cart can be submitted.