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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
  • Published :03 Sep 2025
  • Support for :NetSuite
  • Implementation time :2 Business Days

Purchase Price Change Tracker

Overview

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.

Features

Automated Purchase Price Tracking

Tracks changes in purchase prices across all vendors. Records are created whenever prices are added, updated, or removed making it easy to review what changed and when.
Automatic Price Logging

Every time an item price is changed, it gets saved automatically in the system.

Instant Change Detection

Changes are captured immediately when a price is edited, added, or removed.

Organized History

All price updates are neatly stored and easy to search when needed.

Easy Configuration

Can be adjusted to fit your setup as per your preferences.

Conditions Apply

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.
Benefits

Gain Price Clarity and Control

Understand how supplier prices change over time without doing anything manually. This improves cost control and supports better supplier relationships.
Automated Price Tracking
  • Tracks all price changes on vendor-item records.
  • Maintains historical data with timestamps.
  • Detects both new and removed price entries.
Improves Compliance
  • Records who made the changes.
  • Stores both old and new prices.
  • Helps with internal audits.
Lightweight and Efficient
  • Runs only when changes happen.
  • Avoids duplicate records.
  • Built for smooth performance.
Supports Multi-Subsidiary
  • Designed to support vendor-subsidiary combinations.
  • Manage subsidiary and currency dynamically.
  • Easy configuration to set default values.
FAQ

Frequently Asked Questions

Does this track price changes on all vendors?

Yes, all vendor price changes are recorded.

Can this be extended to include units or effective dates?

Yes, it can be extended to include additional fields like effective date or units or any vendor-specific values.

Does it support multiple company locations?

Yes, it works with different company branches and locations.

How can I view the price history for an item?

You can view it through a report or dashboard configured in your system.

Can I track more than just the purchase price?

Yes, the tool can be adjusted to track other supplier-related details too.