Overview
One of the biggest time savers in all of TRX Enterprise is price rules. Price rules coupled with the Auto Quotes interface can cut hours out of the workweek for an average company. It used to be that you would get a price sheet from a manufactures, have to look up the item, change the cost and figure your new price. This had to be done hundreds of times for a manufacturer. That does not take into account your special price sheets for high volume and contract customers that had to be created, and item labels that had to be printed for the showroom floor. The amount of manpower needed to constantly keep your inventory current still was not the biggest issue. Because every minute your inventory was not updated, your profit margin was walking out the door.
This scenario goes the way of the dinosaur with TRX Enterprise. Now with a click of a button you can take a digital file from the Auto Quotes manufacturer updates, and within minutes, update a whole manufacture. The Pricing Schedule is where you setup price rules. With proper price rule setup and management those updates will instantly hit the showroom floor, sales force and project teams updating all pricing for volume customers and walk-ins alike; protecting your company's margin from walking out the door. You can even print new item labels based off the manufacturers price update. All this before you finish the morning coffee.
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Detail
In this section we will cover you can make sure you aren’t selling over cost. This guide covers the theory and mechanics behind setting up price rules in TRX Enterprise.
Section one: Price rule initial setup
Section two: Price Rule Theory
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Section One: Price rule initial setup
Before you can start creating price rules, you need to put some thought into your initial setup. There are two very important decisions you have to make that will tell TRX enterprise decide how to handle conflicts that will arise. By recognizing these decisions as hard fast rules you develop logic for your price rules that will be easy to understand and maintain.
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pricing conflicts. This is set under the Price Rule Controls tab of the ORD Definitions screen. (ORD>ORD Special Functions>ORD Definitions).
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Resolving conflicts lowest price vs. highest price -When two or more Price Rules affect the same item, decide whether to use the lower or higher price. The concept is simple you
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have two or more price rules for an item, one could be for the manufacturer and the other could be customer type and Item. Which one should TRX use? In this setup function you set a system wide rule declaring that either the highest or lowest price should be used.
Note: We only recommend using the lowest price to resolve conflicts when using the AQ Interface. This tutorial will be written with only low price logic explained so as not to create confusion. If you must choose the highest price to resolve conflicts, you do so at your own risk!
Enforce contract pricing over price rules – A contract price is considered a "Customer / Item" or a "Customer Type/Item" rule. These rules were created with special priority capability for times when an actual pre-arranged price contract with a client exists and it is NOT the lowest price rule. Checking yes allows the TRX user to maintain margins in this situation. By checking this box any customer / item rule will trump all other rules to preserve contract pricing integrity.
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Manufacture – recommended for ease of management
Item Category
Customer Type
Customer Type / Item Category
22. Because you have made the choice resolve conflicting rules by lowest price you can set your list pricing and then "pull down" pricing to the second level for volume customers, volume vendors, items you need to move or stock a lot of. The second level is what you should spend time managing. These rules should be more liquid as you spot and adjust for inventory and sales trends. The best rules for this task should be:
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