Within Supplyframe, Contract Pricing can be used as a reference or price source across modules.
- Contract Pricing in BOM Insight
- Contract Pricing in Demand Management
- Contract Pricing in Quoting
- Contract Pricing in Part Master
Contract Pricing in BOM Insight
Contract Pricing can be used to cost a BOM, depending on your Price Source Priority settings within BOM Insight.
Upload BOM
When uploading your BOM, select Contract Price as a Price Source.
You have multiple options on how to apply Contract Pricing to a BOM. This includes whether to calculate using the pricing based on the CPN or MPN of all your previously uploaded contract price files or from a specific contract. You can also set the start and end date parameters.
Click on the pencil icon in the column Edit Details for Contract Price. Choose if to leave the box checked for Use All Contract Pricing Lists or uncheck the box to select specific Contract Price files.
When the box Exclude Expired Dates is checked, then results with an Expire Date past today's date will be excluded. Otherwise, uncheck the box to ignore expired dates when displaying results.
For more information on using Contract Pricing in your BOM or other sources, please review the article BOM Price Sources & Options for more details.
Invalid MPNs
Please keep in mind that Supplyframe will not prevent the upload of invalid MPNs. Therefore, we recommend that master MPN references be cleaned to adhere to component manufacturer Part Number (PN) standards before uploading. If MPNs do not adhere to these standards, then Supplyframe will assume these invalid MPNs to be intentional, and depending on the configured matching logic, will return exact matches.
Reviewing BOMs
After your BOM is loaded, when there is a Contract Pricing result available, you’ll see the icon "CP" with text in the Price column. When selected as the part’s pricing, you'll see "CP" in a blue box with a check mark indicating it's being used as the price source for that line item.
Click on the Price cell and the Contract Price tab will show all of the Contract Price list(s) results for that part.
Contract Pricing in Quoting
Within Quoting, your Contract Pricing files are used in conjunction with Ref Pricing. The purpose of Ref Pricing during your RFQ Assignments is to match lines with prices previously agreed to with suppliers through files uploaded by your Supplyframe admins.
Therefore, when new prices are received, the different "Spend and Savings" KPIs can show you a comparison to previous negotiation cycles. More information can be read within the article regarding Ref Pricing.
Contract Pricing in Demand Management
Within Demand Management, your Contract Pricing files can be used as a source of Validation or Populating data when uploading demands based on your selected demand template. This is done automatically by selecting that template during your demand upload.
For validation, Contract Pricing can be selected by admins as a “LookUp Table” in demand templates when validating data in the demand. This column validation is used to ensure that erroneous data is not uploaded or manually entered.
When a column needs to be populated based on matching data across two columns from a mapping table, then a rule or formula in the demand template can be configured by using your Contract Pricing file as a data source.
Contract Pricing in Part Master
You can see within Part Master what Contract Pricing is available for specific IPN/CPN in your files.