One of the key aspects of vendor management is the ability to maintain and utilize vendor pricelists efficiently. In this blog, we’ll dive into how to set up and manage vendor pricelists in Odoo, the benefits it brings to your business, and some practical examples to help you get started.
What is a Vendor Pricelist?
A vendor pricelist is a list of prices offered by a vendor for specific products or services. It typically includes the product name, unit price, currency, and any applicable discounts or terms. Vendor pricelists are essential for businesses that work with multiple suppliers, as they allow for easy comparison of prices and terms, helping you choose the best option for your needs.
Key Features of Vendor Pricelists in Odoo
- Multiple Pricelists per Vendor
- Automatic Pricelist Application
- Currency Management
- Pricelist Versioning
- Customizable Rules
Setting Up Vendor Pricelists in Odoo
- Go to Purchase module > Configuration > Vendor Pricelists.
- Click on New and fill in the details, including the vendor’s name, currency, and any specific pricing rules.
- Define Pricelist Rules
- Set Price Breaks: Define price breaks based on order quantity or other criteria. For example, you might set a lower price per unit for orders over 10 units.
- Specify Validity Dates: If the pricelist is only valid for a certain period, set the start and end dates to ensure it’s applied correctly.
- Add Conditions: Create conditions based on product, vendors, or other factors to ensure the right pricelist is applied in different scenarios.
- Link Products or Product variant to Pricelists
- Use Pricelists in Purchase Orders
- Create a Purchase Order: When creating a purchase order, select the vendor and product, and Odoo will automatically apply the correct pricelist based on your predefined rules.
- Review Pricing: Before confirming the order, review the pricing to ensure it reflects the correct vendor pricelist.
Actual Product cost
Cost based on Pricelists
Conclusion
Managing vendor pricelists in Odoo is a powerful way to optimize your procurement process, reduce costs, and ensure smooth vendor relationships. By leveraging features like multiple pricelists, automatic application, and customizable rules, you can streamline your purchasing operations and focus on growing your business.