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Understanding Retroactive Pricing (Doc ID 303758.1)

Last updated on JULY 06, 2024

Applies to:

Oracle Cost Management - Version 11.5.10.0 to 11.5.10.3 [Release 11.5]
Oracle Purchasing - Version 11.5.10 to 11.5.10.4 [Release 11.5]
Information in this document applies to any platform.
*** Checked on Relevance on 14-MAR-2018 ***

Purpose

 This article is intended to help in understanding the functionality of Retroactive Price Change.

Scope

This feature introduced from 11.5.10. Prior to 11.5.10, the price can be changed only PO's which have not been received /invoiced.

11.5.10 henceforth,Cost Management supports retroactive price changes in Oracle Purchasing. Over the life of purchasing documents, prices can change. The Retroactive Price Update on Purchasing Documents concurrent program automatically updates purchase orders and blanket releases retroactively with price changes.

This functionality helps you to change the price in the PO even after the PO is received or invoiced.

Details

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