All Products have a pricelist that tells the system where to get the price. The pricelist can contain a list of predetermined prices or links to a recipe that calculates the price based on your selections in the recipe wizard.
Predetermined prices are helpful when the price of a product does not change often. Recipes are practical when the product can be configured in many different ways, and the sale price depends on how the product is configured.
The most common price list structure gives a price for each product variation. Each variation can also have a different price based on the quantity ordered and the class to which the customer belongs. You can also give a special price to a specific client regardless of the customer class of the company.
Recipe Based Calculators
Recipes simplify product pricing when a product can be configured in many different ways, or you want to calculate the price based on the cost of manufacturing the product,
Each product variation has a recipe. The recipe calculates the cost of the product by adding up the cost of each material and operation. The markup is then added to the total, which (optionally) can be set as a different value for each of the separate customer classes.
Creating/Editing a Price List
The price list is automatically created when you add a new product, but you need to configure how it calculates the price. The pricelist type is configured by clicking on the Price Structure (1) section of the product details menu. For example, a price list can be configured with the following:
- Price Method - Select Price List if you will enter the prices into the price list. Select Recipe if you wish to use a recipe to calculate the price.
- Quantity Breaks - Select Yes - if you want different prices depending on how many units a client orders. In that case, you will need to enter a quantity range for each line on the price list
- Customer Classes - a Customer Class is a client grouping such as Retail or Trade clients. If you select Yes, then you must also:
- Assign a client class to each client
- List a different price for each client class in the price list
- Product Variations - Select Yes if you want the client to select from different product variations. Each product variation will have an extra row in the price list with its price.
Please note: You must enter a price for each combination of quantity, customer class and product variation. I.E. If there are three quantity breaks, two customer classes and two product variations, then you will need to enter 12 lines of prices in the pricelist to ensure that there is a price for each combination
Entering Prices into the Pricelist
Click on the product's Price Table (1) section to enter the prices.
Click the Add (2) button to add a row to the price table. Next, enter the price in the Unit Price (3) field. The Markup Percentage (4) is optional and increases the unit price by the specified percentage. Finally, optionally select a Client Class (5) if you wish to set different pricing for different client types. In the Company (6) column, You can assign customer-specific prices (regardless of their client class) by adding a separate row and selecting the company name from the drop-down list.
Common Price Combinations
Price List | Off-the-Shelf Items
An "Off the Shelf" Item is one you pick and pack for your clients from stock held in inventory. You don't need a recipe because you are not manufacturing the item. An example might be a list of standard braille signs held in stock.
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