Selling price of products is always a crucial piece in the retail, especially with increasing stores and the tendency of the shops to sell the products at a discount. To ensure competitive edge it becomes important to fix the optimum price based on the market conditions as well as without affecting the profit/return on a particular item. With chain shops, the difficulty in fixing the prices goes up as we need to ensure uniform prices across all the stores. RayMedi HQ through its central price management features gives a lot of control and facilities in managing the selling prices.
Key Features
Key Benefits
Facility to control selling price of products from the central office. Selling price change can be effected store-wise, for a group of stores or for all stores. Also, selling price change can be effected for one batch of the same product, for select batches or for all batches
Fine grained selling price management, based on whether a product is a footfall leader, the profit leader, volume leader etc., gives you control over your sales and the margins earned. Such simple and easy price management also makes your retail business agile and gives an edge to your business
Import / Export of price change helps you to do price change for a number of items in one shot very fast. You can just export the selling price data into an excel file, change the prices, review it and import it back to the system
Fast, Simple and Easy way to change prices for a large number of items. Directly controlled and executed from HO ensures there are no mistakes at store level.
Controls while changing selling price help prevent price change mistakes. The system gives a warning message when the changed selling price is below landed cost, yields below expected gross margin or above MRP, when MRP is fed into the system
The controls reduces your loss due to pricing errors and also make sure your compliance with statutory pricing laws, if any, in the country of operation.
Inventory category based selling price change, group based and inventory type based such as parent / child, bulk / repack etc. supported as part of the selling price change. You can specify whether change in selling price of a parent item should reflect on the child item also etc...
Makes price management for related products easy
Price levels including price level formula for calculating various prices based on base price are available i.e. The retail price can be set as the base price level in terms of which other prices such as institutional Customer price level, wholesale Customer price level, web price level etc. are defined. Based on change in retail price level, all other price levels are computed and effected
Consistent and easy price administration. Ensures excellent Customer relationship due to consistent pricing mechanism.
Selling price discrepancy reports
To identify same product with different selling price in different outlets
