M-Power is based on the idea that:
- All companies sell products and services to their clients
- Each product we sell has a collection of information that describes how to source, make & price the product.
We organise this information into a structure we call a 'recipe' - because like a cooking recipe it contains the materials we use ('the ingredients') and the list of processes we need to carry out in sequence (the workflow) to turn these materials into a product we sell.
Sometimes we know the price of the product in advance - in this case, our product might have one price for everyone, or we have a price list that gives different prices for the product based on factors such as client type or quantity purchased.
We use a 'recipe' to calculate the price of a product when there are more factors that a simple price list can explain.
The starting point is to list your products on the attached spreadsheet. We will then create them manually in the system or import them from a 'product library' of standard products manufactured across the industry.
Please see the following video to explain how to list your products in the spreadsheet. Remember this is just a starting point - together we will refine these recipes together in M-Power