{"id":19019,"date":"2019-03-19T14:55:07","date_gmt":"2019-03-19T09:25:07","guid":{"rendered":"http:\/\/tenthplanet.in\/compiere\/?p=19019"},"modified":"2023-08-22T17:13:54","modified_gmt":"2023-08-22T11:43:54","slug":"price-management","status":"publish","type":"post","link":"https:\/\/tenthplanet.in\/compiere\/price-management\/","title":{"rendered":"Price Management"},"content":{"rendered":"\n<p><span data-contrast=\"auto\">All information like Customer, Users, Vendors, Products, Prices and other master information is centralized and available at your fingertips during different transactions.&nbsp; The master data doesn\u2019t need to be maintained multiple times per department, and thus avoiding redundancy of data.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<p><span data-contrast=\"auto\">Selling Price gets automatically calculated based on Vendor Margin available.&nbsp; Upto 3 levels of warehouse pricing can be maintained and used for institutional customers.&nbsp; Selling prices can also be updated in bulk when there is a need.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<p><b><span data-contrast=\"auto\">Margin based Selling Price calculation<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<p><b><span data-contrast=\"auto\">Margin Master<\/span><\/b><span data-contrast=\"auto\"> \u2013 The Margin Master screen helps to configure the different margin ranges and selling price discount % for different Mark Down % of the products.&nbsp; This discount % will get applied to a products\u2019 MRP during product configuration if the Selling Margin Type is selected as \u201cBased on Slab\u201d.&nbsp; This discounted price is set in the Selling Price for the product.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<p><b><span data-contrast=\"auto\">Business Rules:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span data-contrast=\"auto\">Different margin ranges cannot overlap<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n\n\n\n<li><span data-contrast=\"auto\">This master should be configured before Product Master is configured<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n\n\n\n<li><span data-contrast=\"auto\">This margin discount % gets applied only for Products that have selling margin type as \u201cBased on Slab\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n\n\n\n<li><span data-contrast=\"auto\">A process is available for each margin range and discount %; which will apply the discounted selling price for products in bulk that have mark down % matching the margin range.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\"><br><\/span><\/li>\n<\/ul>\n\n\n\n<p><b><span data-contrast=\"auto\">UI\/Layout:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"628\" height=\"92\" src=\"https:\/\/tenthplanet.in\/compiere\/wp-content\/uploads\/sites\/4\/2023\/02\/image-8.png\" alt=\"\" class=\"wp-image-20869\" title=\"\" srcset=\"https:\/\/tenthplanet.in\/compiere\/wp-content\/uploads\/sites\/4\/2023\/02\/image-8.png 628w, https:\/\/tenthplanet.in\/compiere\/wp-content\/uploads\/sites\/4\/2023\/02\/image-8-300x44.png 300w\" sizes=\"auto, (max-width: 628px) 100vw, 628px\" \/><\/figure>\n\n\n\n<p><b><span data-contrast=\"auto\">Markup\/Markdown Management \u2013 <\/span><\/b><span data-contrast=\"auto\">Users can configure their product based on the information available with them.&nbsp; For some products that are FMCG users will have MRP info and other information properly.&nbsp; For some products, only the Basic cost and other cost information only will be available.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<p><span data-contrast=\"auto\">In this case, users can either set a Mark Up % to calculate the Selling Price from Landed Cost or Mark Down % to calculate the Selling Price from MRP.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<p><span data-contrast=\"auto\">This way, Jaldi has the flexibility to configure products based on the category of products that a retail store sells.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<p><b><span data-contrast=\"auto\">Business Rules:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span data-contrast=\"auto\">Mark Down % cannot be more than 100 and less than 0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n\n\n\n<li><span data-contrast=\"auto\">Mark Up % cannot be less than 0 but can be more than 100<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n\n\n\n<li><span data-contrast=\"auto\">When the MRP or Landed Cost changes, the Mark-Up, Mark Down % should be automatically updated.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\"><br><\/span><\/li>\n<\/ul>\n\n\n\n<p><b><span data-contrast=\"auto\">UI\/Layout:<\/span><\/b><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"628\" height=\"366\" src=\"https:\/\/tenthplanet.in\/compiere\/wp-content\/uploads\/sites\/4\/2023\/02\/image-13.png\" alt=\"\" class=\"wp-image-20874\" title=\"\" srcset=\"https:\/\/tenthplanet.in\/compiere\/wp-content\/uploads\/sites\/4\/2023\/02\/image-13.png 628w, https:\/\/tenthplanet.in\/compiere\/wp-content\/uploads\/sites\/4\/2023\/02\/image-13-300x175.png 300w\" sizes=\"auto, (max-width: 628px) 100vw, 628px\" \/><\/figure>\n\n\n\n<p><b><span data-contrast=\"auto\">Wholesale Price Management \u2013 <\/span><\/b><span data-contrast=\"auto\">For a retail store there can be different types of customers; Regular, Institutional, Online, etc.&nbsp; For different customer types, different pricing is required.&nbsp; This is where Jaldi comes with an option of configuring whole price for each and every product.&nbsp; That too, multiple wholesale prices can be configured for different wholesale customers.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<p><span data-contrast=\"auto\">When the price is configured in the Product, and the same price list is mapped to a customer, the POS module automatically applies the correct pricing for the specific customer based on the price list.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<p><b><span data-contrast=\"auto\">Business Rules:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span data-contrast=\"auto\">User should be able to configure 3 types of Wholesale price of a product.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n\n\n\n<li><span data-contrast=\"auto\">Each wholesale price will have its own markup, markdown selling %<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n\n\n\n<li><span data-contrast=\"auto\">Each wholesale price can be same or different<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n\n\n\n<li><span data-contrast=\"auto\">Price list should be able to be configured against a customer<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\"><br><\/span><\/li>\n<\/ul>\n\n\n\n<p><b><span data-contrast=\"auto\">UI\/Layout:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"626\" height=\"363\" src=\"https:\/\/tenthplanet.in\/compiere\/wp-content\/uploads\/sites\/4\/2023\/02\/image-12.png\" alt=\"\" class=\"wp-image-20873\" title=\"\" srcset=\"https:\/\/tenthplanet.in\/compiere\/wp-content\/uploads\/sites\/4\/2023\/02\/image-12.png 626w, https:\/\/tenthplanet.in\/compiere\/wp-content\/uploads\/sites\/4\/2023\/02\/image-12-300x174.png 300w\" sizes=\"auto, (max-width: 626px) 100vw, 626px\" \/><\/figure>\n\n\n<p><b><span data-contrast=\"auto\">Selling Price Updates in Bulk<\/span><\/b><span data-contrast=\"auto\"> \u2013 If users want to update the selling price of products in bulk they can use this screen.&nbsp; There are multiple parameters that can help users to filter specific products and apply a specific margin as discount to apply the new selling price.&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Business Rules:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"42\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Users can filter products based on different parameters like Vendor, Department, Category, Sub-Category, Brand, Merchandise, Manufacturer, and Item Type<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"42\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Users should be able to select the price list for which price should be updated.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"42\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Users can select the Selling Margin Type based on which the margin can be applied.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"42\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Once the discount is selected, the calculate SP field will show the new Selling Price.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"42\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Once users verify the new selling prices\u2019 correctness, they can update the products in bulk.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\"><br><\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">UI\/Layout:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/p>\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"626\" height=\"398\" src=\"https:\/\/tenthplanet.in\/compiere\/wp-content\/uploads\/sites\/4\/2023\/02\/image-11.png\" alt=\"\" class=\"wp-image-20872\" title=\"\" srcset=\"https:\/\/tenthplanet.in\/compiere\/wp-content\/uploads\/sites\/4\/2023\/02\/image-11.png 626w, https:\/\/tenthplanet.in\/compiere\/wp-content\/uploads\/sites\/4\/2023\/02\/image-11-300x191.png 300w\" sizes=\"auto, (max-width: 626px) 100vw, 626px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>All information like Customer, Users, Vendors, Products, Prices and other master information is centralized and available at your fingertips<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,32],"tags":[],"class_list":["post-19019","post","type-post","status-publish","format-standard","hentry","category-compiere-garden-world","category-product"],"acf":[],"_links":{"self":[{"href":"https:\/\/tenthplanet.in\/compiere\/wp-json\/wp\/v2\/posts\/19019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tenthplanet.in\/compiere\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tenthplanet.in\/compiere\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/compiere\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/compiere\/wp-json\/wp\/v2\/comments?post=19019"}],"version-history":[{"count":0,"href":"https:\/\/tenthplanet.in\/compiere\/wp-json\/wp\/v2\/posts\/19019\/revisions"}],"wp:attachment":[{"href":"https:\/\/tenthplanet.in\/compiere\/wp-json\/wp\/v2\/media?parent=19019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tenthplanet.in\/compiere\/wp-json\/wp\/v2\/categories?post=19019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tenthplanet.in\/compiere\/wp-json\/wp\/v2\/tags?post=19019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}