InterviewSolution
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Is The Currency-based Rounding Rules Only Used For Resa? |
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Answer» No, Price Rounding also uses Currency-based rules. Within the System Options dialogue there is a field CALLED 'Pricing Rules for New Items'. This is REPRESENTED in the database as SYSTEM. OPTIONS.PRICING.RULE. This field determines which pricing rules should be used when creating items and price changes, promotions, and clearances within Retail Merchandising System (RMS). VALID values for this field are 'R' for Rounding Rules or 'P' for Price Point. A value of 'R' indicates that the rounding rules, specified by the user, will be used when creating an item. If the user chooses the pricing point rules, then the price point rules will be applied. When creating a price change, promotion or clearance we can determine how the price "will look", by choosing one of the following Adjustment Types:
If Round (RO) is chosen, RMS will check for the existence of rounding rules for the currency or currency and country. If they exist, they will govern the rounding. If they do not, normal arithmetic rounding will be applied. If Round is the Adjustment Type chosen, RMS will use rounding rules based on the currency chosen in System Options provided that 'R'ounding is the value for the System_Options.Pricing_rule. If Price Point (PP) is the Adjustment Type chosen, and SYSTEM_OPTIONS.PRICING_RULE is equal to Price Point, the Price Point rules as setup by the user will apply. These rules are defined within RMS and saved at the database level. Default RMS rounding FUNCTIONALITY dictates that when applying a price change in the clearance, promotion or price change forms, or during item setup, results in the price being rounded with two implied decimals (e.g. original price is 349, and with 10% off this is rounded to 314,10). Currently, RMS does not accommodate user defined rounding rules. Therefore, the default rounding functionality is used. However, with the increased use of foreign currency, there are several different rounding rules that may be used as an alternative. Changes within RMS and ReSA have been made to IMPLEMENT foreign No, Price Rounding also uses Currency-based rules. Within the System Options dialogue there is a field called 'Pricing Rules for New Items'. This is represented in the database as SYSTEM. OPTIONS.PRICING.RULE. This field determines which pricing rules should be used when creating items and price changes, promotions, and clearances within Retail Merchandising System (RMS). Valid values for this field are 'R' for Rounding Rules or 'P' for Price Point. A value of 'R' indicates that the rounding rules, specified by the user, will be used when creating an item. If the user chooses the pricing point rules, then the price point rules will be applied. When creating a price change, promotion or clearance we can determine how the price "will look", by choosing one of the following Adjustment Types: If Round (RO) is chosen, RMS will check for the existence of rounding rules for the currency or currency and country. If they exist, they will govern the rounding. If they do not, normal arithmetic rounding will be applied. If Round is the Adjustment Type chosen, RMS will use rounding rules based on the currency chosen in System Options provided that 'R'ounding is the value for the System_Options.Pricing_rule. If Price Point (PP) is the Adjustment Type chosen, and SYSTEM_OPTIONS.PRICING_RULE is equal to Price Point, the Price Point rules as setup by the user will apply. These rules are defined within RMS and saved at the database level. Default RMS rounding functionality dictates that when applying a price change in the clearance, promotion or price change forms, or during item setup, results in the price being rounded with two implied decimals (e.g. original price is 349, and with 10% off this is rounded to 314,10). Currently, RMS does not accommodate user defined rounding rules. Therefore, the default rounding functionality is used. However, with the increased use of foreign currency, there are several different rounding rules that may be used as an alternative. Changes within RMS and ReSA have been made to implement foreign |
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