What happens when a publisher changes the price of an item? When does the new price get set in IMRCHNT? Is it automatic?
No, If you are doing manual receiving.
The process is up to the person doing the receiving / invoices to update the price of the inventory item.
Yes, If you are using EDI.
Some vendors now offer this option and enables an option to update the retail price to match what is on the PO coming in from the vendor in the EDI files.