Shared Flashcard Set

Details

Test 3
Pricing, POL, PO, SC,SPIN
36
Business
Professional
08/10/2010

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Cards

Term
Sold-to
Definition
Highest level of customer structure; most local pricing is stored here
Term
Ship-to
Definition
Actual shipping location for goods
, Rarely used to store pricing or costing, mainly for care continuum and Government
Term
Department, "used in "LUM" delivery.
Definition
Actual drop-off location within a Ship-to address.
Term
Bill-to
Definition
Invoice Mailing address
Term
Payer
Definition
The person or company which settles the invoice for goods and services for the customer. Contains the A/R info.
Term
Non-Contracted Sale
Definition
Inventory sold at our Acquisition cost+ any inbound freight
Term
Standard Cost
Definition
Acquisition Cost+ inbound freight
Term
Sell price is stored on this
Definition
Local File or Hierarchy; within APS
Term
APS
Definition
Allegience Pricing System
Term
Locally Contracted Sale
Definition
vendor writes a contract for a specific customer
Term
LCN
Definition
(Local Consolidation number) keep non-contracted prices or local cost contracts and their mark-ups the same for MULTIPLE sold-tos
Term
Local Consolidation Number
Definition
A number of soldto customers can be connected to an lcn to ensure the pricing is consistent across the customers.
Term
GPO
Definition
Customers join not only for buying power, but also for things such as medical staff, pools, use of medical equipment, and other discounts.
Term
GPO Contracted Sale
Definition
GPO and Vendor agree to the criteria customers must meet in order to access a certain cost tier; GPO has different tiers or levels with different prices
Term
Distribution Agreement
Definition
specifies criteria a customer must meet to access a particular mark-up used to calculate the customer's price.
Term
Super Group:
Definition
The national GPO contracts are loaded at this level. It is the highest level in the group Hierarchy.
Term
Premier, Novation, Amerinet, BOB
Definition
Super Groups
Term
Buying Group:
Definition
Sub-group of a super group. Negotiate contracts for their members only
Term
Regional, Government, or DMG
Definition
Buying Group
Term
VHA, UHC, HiPPI
Definition
Buying group
Term
Designated Group:
Definition
GPO from which a customer will access pricing
Term
Alternate Group
Definition
A customer may choose to belong to other GPO's outside of its designated group
Term
Group versus Local Pricing
Definition
Group pricing is mainttained by Pricing Analysts in Cardinal Facility; Local is managed by rep on Iprice.
Term
P
Definition
Firm- Specific dollar amaount
Term
L
Definition
List-Percentage discount off list price
Term
C
Definition
Standard Cost Plus-% markup from standard cost
Term
V
Definition
Contract Cost+Freight-Markup from contract cost, will never mark-up alternate group cost
Term
X
Definition
Contract Cost w/out Freight
Term
W
Definition
Group contract cost+Freight- Markup from (contract cost +freight)
Term
U
Definition
Group Contract Cost-Markup from contract cost. Only used by VHA and Hippi
Term
I
Definition
Input price-Requires price to be manually entered-used as a flag to Customer Service
Term
N
Definition
List Plus-Adds a % to list Price; mainly used to price our custome sterile products for several groups
Term
Cost Adjustment
Definition
refers to any modification that is loaded on the system that lowers the amount that Cardinal must payu a supplier for a material. It is to this cost that a distributor adds their markup.
Term
Firm
Definition
Specific dollar amount
Term
M-
Definition
Price Less(margin) subracts a percentage from the price; loaded at the world level' if you change the price when you have an M cost adjustment, the cost will also change.
Term
Local Consolidation Number
Definition
LCN
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