Vendor Quantity Pricing Schedule

 Using the Quantity Pricing Schedule feature in NetSuite, we can apply quantity-based discounts to purchase prices. The detailed steps to apply this feature are given below:

1. Create the Quantity Pricing Schedule:

• Edit the Vendor record > click the Financial subtab > under Pricing Schedules subtab, click New Pricing Schedule button.
• Create a new pricing schedule by entering details like name, Base discount, and unit type

2. Update Item Records with the Pricing Schedule:

• Go to the Purchasing/Inventory tab of the item record.
• Select Vendor Name, Purchase Price, Pricing Schedule (created earlier).
• Save the record

3. Create Purchase Order:

• Choose the vendor and the item
• Change the quantities of the item. The price will be changed according to the Quantity pricing schedule applied