These tools are for managing prices based on vendor item costs
and store margin targets
To create price change batches, the following pre-requites must be
fulfilled:
- Products the store sells must be assigned to a vendor
- The vendor's catalog must be in the system with unit costs
and SRPs
- Margin tagets must be entered for POS departments and/or
the vendor's subcategories
SRPs (standard retail prices) are critical to this tool set as it
chiefly compares current prices to SRPs. These SRPs come from one of
two places:
- If you specify a column of SRPs when importing a vendor catalog,
those values will be used.
- If you did not specify a column or SRPs or you
wish to replace those SRPs with values based on margin targets, use
the Recalculate SRPs tool. Read the Help text on that tool
for details on the exact calculations.
When all prerequisites are fulfilled, use Create Price Change Batch
to compare pricing and create price change batches.