The customer refers to the specific client or buyer who is purchasing the company's products or services. Effective management of master price involves ensuring that the pricing structure is tailored to the needs and preferences of each customer.
Nalco price refers to the base price of aluminium that the company uses as a benchmark for determining the price of its products. Effective management of reviewing and updating the Nalco price to ensure that it accurately reflects market conditions.
Conversion price refers to the cost of converting raw materials, such as billets, into finished products through the extrusion process. Effective management of master price involves accurately calculating the conversion price and factoring it into the overall pricing structure.
Update request refers to the process of requesting changes or updates to the master price structure. Effective management of master price involves establishing clear procedures for submitting and reviewing update requests and ensuring that all changes are properly documented.
Alloy surcharge refers to an additional cost that is added to the base price of aluminium to reflect the cost of specific alloys used in the extrusion process. Effective management of master price involves accurately calculating and applying the alloy surcharge as needed.
Component price refers to the cost of specific components used in the extrusion process, such as dies and tooling. Effective management of master price involves accurately calculating and factoring in the component price to the overall pricing structure.
Surface finishing price refers to the cost of finishing processes, such as anodizing or powder coating, that are applied to finished products. Effective management of master price involves accurately calculating and factoring in the surface finishing price to the overall pricing structure.
Overridden price refers to a price that has been manually adjusted or overridden, such as in response to a specific customer request or market condition. Effective management of master price involves establishing clear procedures for authorizing and documenting overridden prices to ensure transparency and consistency in pricing.
