w3. Tip Prices Flashcards
(15 cards)
What is a tipping price?
The tipping price is the rate set by a company for disposing of waste or scrap at a third-party site.
How does the system determine which tipping price to display?
The system always displays the tipping price that is currently valid, based on the date.
Why might a company have different tipping prices for different sites?
Because each site may have different disposal costs, accepted waste grades, or operational requirements.
What is the minimum information required to determine a tipping price?
The service type (type of waste or scrap) and the site where the material is being tipped.
Why are minus signs not used for waste tipping prices?
Because tipping waste at a third-party site is considered a purchase—the company pays to dispose of the waste.
How can you view the history of tipping prices in the software?
By accessing the price history feature, which displays all previous and current prices for a given tip.
What is the purpose of a flat charge in tipping prices?
The flat charge acts as a minimum tipping fee, ensuring a base cost is always covered regardless of the amount tipped.
How are changes to tipping prices implemented in the system?
By copying the current rate card as new, setting a new valid from date, and editing the prices as needed before saving.
How does the system handle orders if a grade is removed from a tipping price list?
The system checks for any affected orders and confirms there are no conflicts before saving the updated price list.
Why do scrap tipping prices often fluctuate?
Because scrap metal prices are linked to commodity markets, which can change frequently.
Explain how the system decides which tipping price to apply when booking an order.
The system checks the tipping price list for the selected waste grade and site, ensuring there is a valid rate card for the chosen combination and date.
Describe the process for updating multiple tipping prices at once.
The user can select multiple grades and apply a bulk price adjustment (e.g., increase all by £50), or adjust each individually if the changes differ.
What could happen if a new tipping price list is saved without checking for affected orders?
Orders scheduled for future dates might reference grades or prices that are no longer valid, potentially causing operational issues.
How does the system differentiate between waste and scrap tipping prices in terms of accounting?
Waste tipping is treated as a purchase (company pays), while scrap tipping is treated as a sale (company receives payment), affecting how prices are recorded and displayed.
Why is it important to maintain a full history of tipping prices in the software?
To ensure transparency, enable auditing, and allow users to reference previous rates for comparison or dispute resolution.
