Order Of Precedence

The Order Of Precedence in determining the price to assign to a stock item is as follows:

1. Stock item with no preferred vendor: Last price in vendor purchase history

2. Stock item with preferred vendor: Last price in vendor purchase history, for the preferred vendor. If preferred vendor is not in history, same functionality as #1.

3. Stock item with preferred vendor and contract pricing: Price within contract price date range for the current date. If current date is not within a contract price date range, same functionality as #2.