How to Set & Manage Standard Pricing

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Requirements/Tools Needed:

 

Getting Started

1. To set the prices on Catalog Kiosk, click Content from the navigation menu across the top, then choose Prices.

 

3. On the price lists page select Manage Everyday Normal Prices on the right side of your screen.

 

4. Once in the price management console, choose the following method of how to manage prices:

  1. Import pricing from file allows you to upload a custom spreadsheet.

  2. Pricing setup in the Base Rule is considered “global”, and the pricing rules apply to all products in all categories.

  3. Category Rules allow prices to be set for a specific category or subcategory of items e.g. Beds.

  4. Product Rules work the same way that category rules do, the key difference is that the changes made in product rules only apply to specifically chosen SKUs.

Editing Base Rules

1. To edit the Base Rule. Click Edit Base Rule, and the following screen will appear.

 

  1. To Show retail prices switch to Blue. To Hide retail prices switch to Gray.

  2. When setting the global base rule, always select Cost-Based from the dropdown. The other option is "fixed price", which will be relevant when setting category or product rules.

  3. Choose between multiplier, gross margin, or markup
    Multiplier - multiplies the wholesale/landed cost with the factor entered into the field
    Gross Margin - the percentage difference between the selling price and the profit
    Markup - the percentage difference between the actual cost and the selling price

  4. If desired, the rounding tool dropdown will round the price up or down to a specific number.

  5. Once completed adjusting the retail and/or list pricing, click Done in the bottom right corner. This will save any changes.

Please Note: The List Pricing works the same as the retail pricing. As a general rule, always ensure the list multiplier will result in a higher cost than the retail multiplier.

 

2. Once the desired pricing parameters have been entered, the pricing rules can be reviewed by clicking the navigational arrow. If the terms are not correct, they can be adjusted by clicking Edit Base Rule.

 

Editing Category Rules

 

1. To adjust pricing for all items in a specific category or subcategory, click Add Category Rule.

 

 

2. Once on the add category rule screen, browse and select the categories (1) or subcategories (2 & 3) to adjust pricing for.

 

 

3. After selecting the desired categories or sub-categories, navigate to the Define Pricing section.

 

  1. Cost based or fixed price: Choose Cost Based to set a retail multiplier based on each product's cost. Choose Fixed Price to have every item in the chosen categories show the same price (For example, if the store advertises that all mattresses are $1,000, select the mattresses categories, then set a fixed price of $1,000)

  2. Choose between multiplier, gross margin, or markup

  • Multiplier - multiplies the wholesale/landed cost with the factor entered into the field

  • Gross Margin - the percentage difference between the selling price and the profit

  • Markup - the percentage difference between the actual cost and the selling price

If desired, the rounding tool dropdown will round the price up or down to a specific number.

 

Save by clicking Done in the bottom right corner.

 

Please Note: The List Pricing works the same as the retail pricing. As a general rule, always ensure the list multiplier will result in a higher cost than the retail.

 

4. Once the desired pricing parameters have been entered, they can be reviewed by clicking the navigational arrow. To add a new Category Pricing Rule, click Add Category Rule. If the terms need to be edited or deleted for a previously set rule, click Edit.

 

Editing Product Rules

 

1. To adjust pricing for a specific product or specific group of products, click Add Product Rule.

 

 

2. Once on the Add Product Rule screen, click Choose Products.

 

To import a list of prices from a spreadsheet, click Import CSV of Products to Select.

 

Otherwise, click Choose Products.

 

 

Choose Products

3. Search for the products to be edited by searching by the product's category, name, or SKU from the drop down menu. Enter the search parameters, then click Display Products.

 

 

4. Choose the individual items, or click Select All to choose all items returned in the search. Once the desired products are selected, choose Add Selected Products at the top right of the screen.

 

 

5. Similar to the last step- Choose the desired individual items, or click Select All to choose all items returned in the search. Once the desired products are selected, choose Next.

 

 

6. Use the Define Pricing page to setup pricing rules for these items.

 

  1. To Show retail prices switch to Blue. To Hide retail prices switch to Gray.

  2. When setting the global base rule, always select Cost-Based from the dropdown. The other option is "fixed price", which will be relevant when setting category or product rules.

  3. Choose between multiplier, gross margin, or markup
    Multiplier - multiplies the wholesale/landed cost with the factor entered into the field
    Gross Margin - the percentage difference between the selling price and the profit
    Markup - the percentage difference between the actual cost and the selling price

  4. If desired, the rounding tool dropdown will round the price up or down to a specific number.

  5. Once completed adjusting the retail and/or list pricing, click Done in the bottom right corner. This will save any changes.

7. Once the desired pricing parameters have been entered, they can be reviewed by clicking the navigational arrow. To add a new product pricing rule, or if the terms need to be edited or deleted for a previously set rule, click the appropriate button:

 

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