1.5.3 Schedule for Price Changes
The deadline for updating the supplier's price changes (new prices) is the 20th of each month, with the prices being valid starting from the 1st of the following month (price start date).
The supplier's price changes must be registered and approved by the supplier within the deadline so that new prices are made available in NOBB according to the NOBB schedule.
It is crucial that you check your agreement with your customers about when prices must be registered in NOBB, i.e., how many days before the prices become effective.
Example:
There is an agreement between the supplier and wholesaler/retailer that the supplier has 30 days' price notice. The timeline for new prices effective from April 1st would look like this:
February 20th: The latest deadline for the supplier to register and approve a new price with a start date of April 1st.
February 22nd: NOBB users retrieve new prices.
April 1st: The new price takes effect.
The table below shows the deadlines for price updates (independent of the year):
Supplier updates price no later than (by the 20th) | Updated prices are available for download | New price can apply from | New price can apply from (if the supplier's customers require an update in NOBB 30 days before the price is effective) | Number of days before the price is effective (check what the agreement says about the number of days) |
|---|---|---|---|---|
Dec 20th | Dec 22nd | Jan 1st | Feb 1st | 40 days |
Jan 20th | Jan 22nd | Feb 1st | Mar 1st | 40 days |
Feb 20th | Feb 22nd | Mar 1st | Apr 1st | 40 days |
Mar 20th | Mar 22nd | Apr 1st | May 1st | 40 days |
Apr 20th | Apr 22nd | May 1st | Jun 1st | 40 days |
May 20th | May 22nd | Jun 1st | Jul 1st | 40 days |
Jun 20th | Jun 22nd | Jul 1st | Aug 1st | 40 days |
Jul 20th | Jul 22nd | Aug 1st | Sep 1st | 40 days |
Aug 20th | Aug 22nd | Sep 1st | Oct 1st | 40 days |
Sep 20th | Sep 22nd | Oct 1st | Nov 1st | 40 days |
Oct 20th | Oct 22nd | Nov 1st | Dec 1st | 40 days |
Nov 20th | Nov 22nd | Dec 1st | Jan 1st | 40 days |