Purchase Price Change Tracker
Keep track of every change in vendor purchase prices automatically. This tool helps you stay on top of cost changes and ensures better transparency with suppliers.
- SKU :PDNSPPC01
- Last Update :September 2025
- Support for :NetSuite
- Implementation time :2 Business Days
Purchase Price Change Tracker
Vendor Price History at Your Fingertips
Automates the tracking of changes to item vendor prices in NetSuite. Any additions, modifications, or deletions is tracked, helping users maintain a reliable price history for audits and supplier cost evaluations.
Automated Purchase Price Tracking
Every time an item price is changed, it gets saved automatically in the system.
Changes are captured immediately when a price is edited, added, or removed.
All price updates are neatly stored and easy to search when needed.
Can be adjusted to fit your setup as per your preferences.
Usage Conditions & Prerequisites
- Vendor and item details must be set up properly.
- Default subsidiary and currency must be configured.
- Must be used where pricing is entered on item records.
- Works only with 'itemvendor' sublist on item records.
- Tracks changes only when items are created, edited, or copied.
Gain Price Clarity and Control
- Tracks all price changes on vendor-item records.
- Maintains historical data with timestamps.
- Detects both new and removed price entries.
- Records who made the changes.
- Stores both old and new prices.
- Helps with internal audits.
- Runs only when changes happen.
- Avoids duplicate records.
- Built for smooth performance.
- Designed to support vendor-subsidiary combinations.
- Manage subsidiary and currency dynamically.
- Easy configuration to set default values.
Frequently Asked Questions
Yes, all vendor price changes are recorded.
Yes, it can be extended to include additional fields like effective date or units or any vendor-specific values.
Yes, it works with different company branches and locations.
You can view it through a report or dashboard configured in your system.
Yes, the tool can be adjusted to track other supplier-related details too.
Price change alerts in NetSuite can be set up using built-in tools, such as saved searches or workflows. These alerts notify the relevant team members whenever a vendor updates purchase prices or when future-dated prices become effective.
NetSuite applies the purchase price from the purchase order to receipts at the time of posting. If the purchase order reflects an updated price, the receipt uses that rate. Historical receipts remain unaffected to ensure accurate financial records.
When a vendor’s pricing is updated at the item-vendor level, any new or edited purchase orders may reflect the updated rates. Existing approved POs are not automatically recalculated; they need manual updates if you want them to reflect the new vendor pricing.
Future price changes can be scheduled using effective-dated pricing in NetSuite. This lets organizations plan and apply new prices in advance without impacting current purchase orders or ongoing procurement operations.