Stock Maintenance - Pricing

General Information

This screen tab contains all of the information used to establish the pricing structure for the stock item as you sell it to your customers under normal and special situations.

Note: An Item can also be assigned a promotional price or given away for free, as part of an Order Promotion. See Order Promotion Detail Information. This alternative allows for more flexibility in terms of qualifications for the promotion such as maximum order quantity, as well as other incentives such as free shipping.

See Also

Stock Maintenance - Overview

Normal Selling Price and Mix & Match Code

NORMAL RETAIL SELLING PRICE - this is the price that you normally sell the item at. If you only sell the item at one price, and there is no other special price that you sell it at you need only make an entry here.

Note: A warning message has been added when making a change to the retail price of an item.  This message will alert you of any orders that have this item committed and/or backordered and allow you to retain the original retail price or accept the updated price on these committed/backordered items.

MAXIMUM DISCOUNT ALLOWED - The maximum Line Item Discount that can be applied to this item when placed on an order.

MIX & MATCH CODE - you can discount a whole group of items using a common two character mix & match pricing code. Each item in the group gets the same code. Any quantity DISCOUNT established in the pricing table, automatically affects any/all items in a customer's order with that mix & match code.   Enter an existing code or press F2 to search.

For example, buy any 3 of the items on this page of our catalog and take 25% off the price of each item. Each item on the page would have the same mix and match code and each item would have a quantity discount of 25% for 3 or more. Note: In Order Entry, Mix and Match  is displayed on the screen when applicable mixed-and-matched line items are ordered.

To Setup these Mix & Match Codes see.....

SELLING PRICE - check this option to control how selling prices can be changed on an order, then choose an option to set the limit.

• Cannot go below $____-  This option allows you specify a dollar amount that an item cannot be discounted below.

• ____% above the current unit cost basis- This option allows you to enter a percentage over the Current Unit Cost Basis that an item cannot be discounted below. For instance, if the Current Unit Cost Basis is $8.00, and the limit is set at 15 % Above the Current Unit Cost Basis, then the item cannot be sold below $9.20

• $___ above the unit cost basis- This option allows you to enter an dollar amount over the Current Unit Cost Basis that an item cannot be discounted below.

About the Special Situation Price List

This list lets you customize pricing based on several different parameters.

Pricing

The pricing side of the list works with either a UNIT PRICE or DISCOUNT percentage at each pricing level.

Qualifiers

The qualifiers side of the list works with any single or combination of the various customer and/or order related information.

How to Use the Special Price List

Adding a New Special Price

Press the NEW button to display the Special Price Information screen. Enter the information in the fields as required and press CLOSE to return to the Pricing Tab Screen.

Editing a Special Price

Select the price to be edited in the list box. Press the EDIT button to display the Pricing Information Edits screen. Change the information in the fields as required and press CLOSE to return to the Pricing Tab Screen.

Removing a Special Price

Select the price to be removed from the list. Press REMOVE.

Copying to Size/Color Variations

Select the price to be copied from the list. Click COPY TO SIZE/COLOR.

Copying Pricing from another Item

Select the price to be copied from the list. Click COPY FROM ANOTHER ITEM. Enter the Item SKU and choose PROCESS.

Field Definitions for the Special Price Information Screen

SEQ. # - this number identifies the sequence that MOM is to use when applying special prices in those situations where more than one special price applies. For instance, if Special Pricing # 1 is based on Customer Type and Special Pricing # 2 is based on Minimum Quantity purchased, M.O.M. will apply the Customer Type Price before applying the Minimum Quantity price in those situations where both the Customer Type and Minimum Quantity special pricing applies.

Although the Sequence # is typically the order in which special prices are set up in the list, you can change the number to force M.O.M. to apply special pricing in any order that is required by your business situation.

Note: For multiple special prices, the sequence must be arranged from the most general to the most specific. For instance, if a customer is eligible for a special customer type code price that is lower than a special price based strictly on quantity purchased, M.O.M. needs to know which price to apply first. The quantity price would be the more general and would have a lower sequence number.

Method of Pricing

Select either to base prices to customer using,

• UNIT PRICE - the price for the item that applies to the special situation. Optionally, enter a DISCOUNT for the item that applies to the special situation.

• COST PLUS - use this option and enter the percentage above your cost for the item that you want to charge in the special situation.

Qualifiers For This Price

Use any combination of these fields to create the condition for the special price to be applied.

Customer

TYPE CODE 1 - the code (First Part) for the type of customer for which a special price applies. Lookup/List is available on this field.

TYPE CODE 2 - the code (Second Part) for the type of customer for which a special price applies. Lookup/List is available on this field.

TYPE CODE 3 - the code (Third Part) for the type of customer for which a special price applies. Lookup/List is available on this field.

CUSTOMER NUMBER - the system-assigned number for the single customer for which a special price applies.

RFM Value - if you have the optional List Management Module, the RFM value that is automatically calculated for each customer based on their order recency, frequency and monetary amount spent.

Order

MIN. QTY - the minimum purchase quantity of the item at which a special price applies.

SOURCE KEY - an advertising source key set up in Source Key Maintenance for which a special price applies. For example, a special space advertisement in a magazine - "Save 25% on our Best Baseballs!"

ORDER TYPE - an order type code set up in Order Type Code Maintenance for which the special price applies.

CAT CODE - if the item is sold at a special price in a catalog set up in Catalog Maintenance, the code for the catalog is entered here. Entries should also be made for SQ. IN (the amount of space on a page dedicated to the product in the catalog) and PAGE # (the page number assigned to the product in the catalog.) These fields are used in the Catalog Square Inch Analysis Report.

START DATE - the date that a special price becomes effective. For example, if a special price is only effective from July 1 to August 31, the start date would be entered here. The end date would be entered in the END DATE field.

ORDER TOTAL - a minimum order total to affect a special price. For instance, "If you spend $50 or more, we'll take 10% off your order total!" Note: Only DISCOUNT may be used to affect price by this field.

Sitelink

PRICE LEVEL - allows designation if the price level is for Web Orders Only, Non Web Orders Only, or Both.