Overview
The Pricing Schedule is where you setup price rules. With proper price rule setup and management 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.
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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 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
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when there is a price contract with a client
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, and it is NOT the lowest price rule. Checking
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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.
Section 2: Price Rule Theory
When you first start setting up TRX and you start looking at the task of creating price rules it can look a bit overwhelming. You have a lot of items and manufactures and you may need different rules for sales orders, POS and volume. Coming up with a strategy can seem very daunting. This section is meant to give you a framework or thought process to organize your plan of attack. This is not by any means the only way to create price rules, but it is a starting point if you do not have one.When you update your manufacturers through auto quotes you are getting new costs basis
Auto Quotes/FEDA updates will update item costs and list prices. If you create rules that work off of either one of these your Create rules for cost or price, and TRX selling price and volume breaks will automatically update across the system when you update price rulespricing.
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We recommend:
Resolving pricing conflicts to lowest price.
Also, we recommend contract pricing supersede other price rules. By doing this we create an ability to have certain clients set up with static pricing if we need it.
Then, base your price rules off of % mark down from list pricing. You gain better Enforce Contract Pricing over price rules, to allow client specific pricing
Base Price Rules off of % Mark Down from List Pricing.
Better control over profit margins if mark down from list
Mark up from cost (average, standard or last)
runs risk of
hurting good purchasing and passing on that lower cost
Use Purchase assistant and PO
Generator for inventory cost savings
through lower on hand quantities while maintaining customer service levels.
Now that you have set up a frame, you should try to visualize your price rules and kind of a sifter. You can break the fifteen pricing types into three basic levels.
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