Quick Reference: Contract Price with Tolerance Deviation
Setting Contract Prices and deviation thresholds helps control vendor pricing and quickly identify unexpected cost changes, ensuring accurate purchasing and reporting.
- Contract Price – Set in the Item Editor > Vendor Products tab to define expected vendor pricing
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Deviation Percentage – Configure acceptable positive and negative thresholds for price variance
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Price Change Monitoring – Use Standard Reports > Purchasing > Price Changes from Contract Price to identify items exceeding thresholds
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Required Setup – Contract Price and thresholds must be set for data to appear in report columns
- Permissions – The ability to see and edit Contract Prices must be enabled
Figure: Example of where to locate the deviation fields on the vendor products tab
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