Triggered Margin Pricing allows you to manage your pricing with periodic price change reviews via the Customer Margin Price Update.
The Triggered Margin Price will be used if there is no contract or quoted price information.
Selling prices are updated when you run the update, usually once a month, rather than automatically when a customer places an order, as with What is margin manager pricing?. You can configure Inform ERP to base the updated prices on the History Cost or the Product Cost from the Company Master:
- History: Looks at the current Adjusted Price entry and last cost from the customer's Sales History, calculates the change from the historical cost to the new cost, and increases the price to preserve the same margin. This will result in price increases for your customers only when the new cost of the product is greater than the cost the last time that they purchased it.
- Product: Looks at the current Adjusted Price entry and the last cost of the product in the Product Master, calculates the change from the product cost to the new cost, and increases the price to preserve the same margin. This will allow you to increase your customer's price when the cost of the product fluctuates, rather than relying on their Sales History.
The new price for the customer appears in the Adjusted Price for the product, with the date of the cost change. You can view this Adjusted Price in the Customer Order Pad.
If you configured Inform ERP to recalculate based on the Product Cost, you also have the option to clear the Adjusted Price entries that were updated by the system last time the Customer Margin Price Update was run, before performing your next update. Any manually entered Adjusted Prices will not be cleared.
You can review the price changes by printing the Customer Margin Price Report, which allows you to make your own adjustments before the customer places an order.
Make and track changes with the following tools:
- Customer Margin Price Update: Update you margin prices for a future date, keeping you one step ahead of cost increases. See Update customer margin prices for a future date.
- Customer Margin Price Report: Before you update, compare current cost and sell prices based on your future margin price date. Customer Margin Price Report
See also
- Work with the Customer Order Pad
- View customer price history on the customer order pad
- Understand sales history-based pricing
- What are price matrices?
- What are price contracts?
- What is margin manager pricing?
- Notify customers of margin price changes
- Customer Margin Price Report
- Update customer margin prices for a future date