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Reprice Items
WHAT IT IS

A feature that allows you to reprice a selection of items based on specific criteria.

WHAT IT DOES

Makes repricing easier. It’s very flexible in its use and selection criteria, and also generates a pricing preview. This preview is helpful in examining pricing changes before committing to them.

HOW IT WORKS

NOTES
To reprice an item
  1. Select Administrative → Reprice. The Reprice Items window will appear. The repricing function includes 2 tabs: Criteria and Factors. Options in the Criteria tab include:
    • Item Filter: Presents a standard item filter to aid in narrowing down include inventory.
    • Change Cost:
    • No change – Cost is not changed.
    • Cost x Factor – Multiplies cost by the factor specified on the factors tab.
    • Change Re-Cost: For more about re-costing, see the section labeled Re-costing Multiple Items.
    • No change – Re-cost is not changed.
    • Cost x Factor – Recalculates re-cost by the multiplying cost by the factor specified on the Factors tab.
    • Re-Cost x Factor – Recalculates re-cost by multiplying re-cost by the factor specified onthe Factors tab.
    • Apply to sold Items – Indicates that sold items should be included in the re-costing.
    • Change Retail
    • No change – Retail is not changed.
    • Cost x Markup - Recalculates retail price based on the cost multiplied by the markup defined on the category Pricing tab.
    • Auto-Reprice Items Only – Indicates that only items that have the Auto option enabled should be affected.
    • Cost x Markup x Factor – Recalculates retail price based on the cost multiplied by the markup multiplied by an additional factor specified on the Factors tab.
    • Cost x Factor – Recalculates retail price based on the cost multiplied by a factor specified on the Factors tab.
    • Re-Cost x Markup – Recalculates retail price based on the item re-cost multiplied by the markup defined on the category Pricing tab.
    • Auto Price Items Only – Indicates that only items that have the Auto option enabled should be affected.
    • Re-cost x Markup x Factor – Recalculates retail price based on the re-cost multiplied by the markup multiplied by an additional factor specified on the Factors tab.
    • Re-cost x Factor – Recalculates retail price based on the re-cost multiplied by a factor specified on the Factors tab.
    • OldRetail x Factor – Recalculates retail price based on the old retail price multiplied by a factor specified on the Factors tab.
    • Change Current Price
    • No Change – Current price is not changed.
    • Retail x Age Markdown – Calculates current price based on the retail price multiplied by the markdown defined on the category Pricing tab.
    • Retail x Factor – Recalculates current price based on the retail price multiplied by a factor specified on the Factors tab.
    • OldCurrent x Factor – Recalculates current price based on the old current price multiplied by a factor specified on the Factors tab.
    • Proportional to Retail – Recalculates current price in such a way as to keep it proportionally equal to a new retail.
    1. Select the Factors tab.
      a. Options in the Factors tab include:
    • Older Than: Allows you to specify inventory age.
    • Factor: Specifies a multiplier to use for repricing and re-costing inventory. This only works in conjunction with repricing and re-costing options that utilize a factor.
    1. Specify your criteria by using the radio buttons to select what price change is to occur. Additionally, use the item filter to define which items this repricing will apply to.
    2. Use the Factors tab, if necessary, to include a factor and an age range to apply that factor to.
    3. Select OK to run the repricing. You will be presented with a list of items matching your repricing criteria. This list will show the old pricing information as well as the new pricing information for you to review. If it is satisfactory, select OK to finalize these price changes.
      NOTE: Review changes carefully. Repricing cannot be undone.

EXPAND YOUR EDGE EDUCATION

Want to see what the Reprice Items window or the Factors tab looks like before you dive into the Reprice Items Feature on your own? Click the button below or visit EdgeUser.com and search Reprice Items Feature for images and more. Once you have an understanding, take a look around the rest of the site for additional features and tools that can help you empower your business.