The pricing transparency enables you to recalculate the PO price based on specific business processes. The following products are integrated to provide the pricing transparency functionality:
When a requisition created in iProcurement for an item with GBPA reference is converted to a Purchase Order in the Buyers Work Center, the price and the modifiers (automatic and manual) applied to the GBPA will appear in the View Price structure page of the created Purchase Order.
With the Pricing Transparency functionality, the buyer can change the price by adding modifiers to both GBPA and PO.
Whenever a PO or GBPA is created the Supplier can see the PO and GBPA in iSupplier Portal.
When the supplier changes the Price for the PO or GBPA, a change order is created and a notification is sent to the supplier with the price change details.
When the buyer approves the change order, the change order will be implemented over the PO or GBPA with the changed price.
In the above process, the PO or GBPA has a modifier applied to it, the supplier changes the price and change gets reflected in the purchasing document. This change is treated as a manual change by the buyer and the buyer will not be able to use the Pricing transparency functionality for the PO line (View Price structure option at the PO actions) once the manual change from the supplier is entered by the buyer using change order.