Bug 5062 - Acq terminology: list price, ordering price, vendor price, RRP
Summary: Acq terminology: list price, ordering price, vendor price, RRP
Status: NEW
Alias: None
Product: Koha
Classification: Unclassified
Component: Templates (show other bugs)
Version: master
Hardware: All All
: P5 - low enhancement (vote)
Assignee: Owen Leonard
QA Contact: Bugs List
URL:
Keywords:
Depends on:
Blocks:
 
Reported: 2010-07-26 13:58 UTC by Katrin Fischer
Modified: 2023-08-28 14:16 UTC (History)
4 users (show)

See Also:
Change sponsored?: ---
Patch complexity: ---
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Attachments
screenshot of basket view (24.44 KB, image/png)
2010-07-26 13:58 UTC, Katrin Fischer
Details

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Description Katrin Fischer 2010-07-26 13:58:30 UTC
In acquisitions there are different terms used for the same thing in the database.

The vendor form uses 'ordering price' and 'list price', the new order form uses 'vendor price'.

I wrote a patch to change 'ordering price' to 'list price' in the new vendor form, because this term was used in all other places in this template. (bug 5059)

Now I found 'vendor price' in the new order form.

The basket view uses 'RRP' (see screenshot)

The PDF print layout 'pdfformat::layout3pages' uses 'RRT GST Inc.' as column heading.

Comments from discussion on IRC:
(15:21:47) slef: I'm looking at ODLIS
(15:23:41) slef: It says in "list price"'s definition "Synonymous with published price and retail price" but I suspect this might be a subtle difference between "list price" and "retail price"

(15:08:27) nengard: i think vendor price might be the safest option
(15:08:37) nengard: that says to me the price the vendor is charging
(15:08:48) nengard: or the price the vendor has listed on their site or in their catalog

I'm not a native speaker, so not sure which term to choose. But I think reducing the used terms to one would make things (translation, documentation, trainign) a lot easier!
Comment 1 Katrin Fischer 2010-07-26 13:58:56 UTC
Created attachment 2425 [details]
screenshot of basket view
Comment 2 Colin Campbell 2010-07-26 14:57:21 UTC
My understanding of the terms as used by acq librarians.

list price : The published price in the vendor's catalogue i.e. without any discount applied and in the original currency.

vendor price is a bit ambiguous it could be a synonym for list price or it could mean that price - discount

ordering price - so vague as to be meaningless

RRP - in the UK this was the list price (recommended retail price) in Koha its used for replacement price (not necessarily 100% consistently)

and as for gst I think we should use tax

Can I suggest if we reach a consensus then me put the preferred terms on a wiki page, defining the meaning and how they interrelate, something Nicole to encorporate into the documentation
Comment 3 Katrin Fischer 2010-07-26 15:18:27 UTC
Colin, thx for your comment.

You are right, RRP is actually the replacement price - does it make sense to show the replacement price in the basket view? I expected the 'vendor price'?
Comment 4 Colin Campbell 2010-07-26 16:45:55 UTC
Although replacement price is derived from acquisitions, I don't think its meaningful to acquisitions librarians. You may want it against the item to charge a borrower who loses the book but the acq. librarian will look at the current price if they order new copies not what it was last time we bought it. So I agree, showing it in basket view probably adds noise rather than information to the display.
Comment 5 Nicole C. Engard 2010-07-26 17:04:10 UTC
I agree that list price makes sense if that's what acq librarians use.  As for the PDF - I have submitted another bug (http://bugs.koha-community.org/bugzilla3/show_bug.cgi?id=5016) regarding issues with that.

I would add the notes about RRP to that - I think I do mention GST (which I had changed everywhere else in Koha already).
Comment 6 Sandre Cunha 2017-07-21 19:31:43 UTC
Regarding replacement price - This is the price we charge the patron if they lose or damage the item, but has nothing to do with the price of the new item (it may be higher or lower than the original price.) Maybe it should be called the replacement charge rather than replacement price.

Also, many libraries use the list price or retail price - i.e., the price that is printed on the book, as the replacement price. We used to do that, plus adding a processing fee, but now we have dropped the fee and use the price we actually paid (the discounted price).

For this reason, when importing orders from our vendor we only import the discounted price.
Comment 7 Caroline Cyr La Rose 2018-01-19 16:54:40 UTC
It may have changed since 2010, but my tests show me that RRP is not the replacement price. At least, not in the "Orders by fund" report. 

Here's what I entered in my order
- Qty : 2
- Vendor Price : 10 $
- Tax : 9,5 %
- Discount : 10 %
- Replacement cost : 9 $
- Budgeted cost : 9 $
- Total : 18 $

Here's what the report gave me
- Qty : 2
- List Price : 10 $
- RRP : 10 $
- Budgeted cost : 9 $
- Total RRP : 20 $
- Total cost : 18 $

So
Vendor Price = List Price = RRP
Also, see https://en.wikipedia.org/wiki/List_price it says List Price may also be known as RRP

Unless there's a sys pref I didn't see that influences how the is calculated RRP...
Comment 8 Katrin Fischer 2019-05-04 13:08:01 UTC
Hi Caroline, do you think we can close this onw that replacement price has its own input field?
Comment 9 Katrin Fischer 2023-08-27 09:27:42 UTC
I think some inconsistencies listed here have been fixed since, but this would still be worth revisiting. 

Examples:
order form: retail price
basket summary: RRP

vendor form: list price
order form: vendor price
Comment 10 Caroline Cyr La Rose 2023-08-28 14:16:31 UTC
I made a table of the various terms used where : https://snipboard.io/wLaNtq.jpg