The Price Update allows users to bulk update price levels for different groups or products, without having to do each one individually.
To create a Product Price Update
Open the Products module and navigate to Price Updates. Choose Add to start a new update.
This opens the new Product Price Update menu selections.
Update Name – This is the identifying name of the update, displayed on the Product Price Updates module.
Product Type – The overall product type selections for this pricing update
Product Group – Use these drop downs to select the Product Group or Groups relevant to this pricing update
Product Sub Group – This allows the user to refine the selection of products further, utilising product sub groups to select which products to include.
Product – Select the range of products to include in this product price update. Note that this is all products in between the two chosen products
Barcode – select a range of products using their barcodes
Preferred Supplier – Select which products are to be included, by selecting the preferred supplier
Latest Landed Cost – Define which products are to be included based on their landed cost.
Once the products have been selected using the different ranges, the next step is to set the Price Update Operations.
Source Price – This is the base price that will have the price change operation applied to it.
Target Price - Once the operation has been calculated, the resulting price is set as this price level. This can be a different price level to the source price level
Operation – Choose either an increase or decrease using either a percentage or dollar amount, to be applied to the source price.
Value – Enter a value to increase or decrease. This is always entered as a positive figure.
Rounding – if the pricing needs to be rounded, enter in the rounding figure in. The figure needs to be recorded as a decimal, for example rounding to the nearest 5 cents involves entering 0.05 in the field.
If an amount is entered into the Rounding field, the rounding needs to be set on either GST inclusive or exclusive.
The rounding is defined based on the Country, and will default to 5c for Australia and 10c for New Zealand
Once all the fields have been filled in, choose Save to create a snapshot of all the source prices as they are. Once saved, the Products tab becomes available. All products that met all the filters are displayed and selected to be included in the price update. Deselect products to remove them from the update.
Post will commit the pricing changes, making them permanent in Infusion.
The number of products including exclusions will be updated when the target of the pricing update has been selected.
When a price has changed on a product that is part of this update then you can see this with the information icon.
Edit and untick this line to have it removed from the update
You can’t post an update when there is a negative price in the update.
More options of Cancel and Export Product price update.
You can show the opposite of the pricing inclusive or exclusive using the button on the screen.
This changes the view to the exclusive prices.
Filters to find negative margins, negative prices.
There is also an information icon if the cost has changed since it was snapshot.
