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Tiered pricing allows item prices to be discounted on a basis of the total quantity of the item ordered.

Nominal Price

When searching or browsing the catalog, or  viewing the contents of a Shopping Cart or Order, an single, nominal item price is shown, expressed in the currency used by your Buying Organization.

Tiered Prices

When you view the item's long description, the browser also displays:

• Minimum Order Quantity
• Unit (of Measure, UOM)
• Unit Price (Currency) (expressed in the currency used by your Buying Organization)
• Unit Price (Currency) (expressed in the currency used by the supplier, if it is different from the currency used by your Buying Organization)

If there is no tiered pricing schedule for the item:

• The Minimum Order Quantity shown is 1
• Only one Unit Price is shown

If there is a tiered pricing schedule for the item, a table is displayed containing:

• Various Lot Sizes
• A different Unit Price for each Lot Size

For example:

The total price of your Shopping Cart or Order is automatically adjusted for the tiered pricing schedule:

• When you submit it for approval
• If an adjustment to the nominal price is received from the supplier

Minimum, Maximum Quantities & Lot Sizes

When tiered pricing is established for an item, the supplier has the option (but is not required) to set:

• Minimum Order Quantity
• Lot Sizes
• Maximum Order Quantity

The quantity ordered is checked against these values during checkout. If you order a quantity less than the minimum or greater than the maximum, or if you order a quantity that is not a multiple of standard lot sizes, the system will require an adjustment of price, quantity or both, before the Shopping Cart can be submitted.