Using Set Selling Prices

Net•Yield provides sophisticated pricing tools to effectively and efficiently manage pricing. Establishing proper "base selling prices" is key. The system can automatically calculate prices based on costs, markups, and other price exceptions, or fixed costs can be set by the user.

If you want the system to assist in calculating your selling prices, the Calculate Price setting must be set to Y (Y=yes) for the item, and the Item Markup 1 - 4 should be set so variable markups, by item, can be added to the base cost used to calculate the selling price. The base cost can be based on:

• the actual cost of the item
• the last completed purchase cost
• the higher of the actual cost or last completed purchase order
• the user defined standard cost for the item
• the incoming purchase order cost
• the higher the last purchase order and incoming purchase order.

The Pricing Uses Markup option in Sales Options allows users to automatically apply the Item Markup 1, raw material cost, and finished goods yield to the cost when setting selling prices. An external database or ESI file can be created to store the cost, raw material, and yield percentage used to calculate the selling price.

Each item can have up to eight base selling prices. Base selling prices are assigned to a customer via the price class. The Calculate Price and Item Markups 1-4 can be quickly maintained using Pricing Setup.

For an overview on the basics of pricing in the system, see the Pricing Menu.

Use the Available Actions links below for further information.

Security Required : Sales - Selling Prices