Using the Price Level the Selling price for a particular customer can be increased or decreased by a fixed percentage or value on Cost price, Selling price and MRP.

The Price level is reflected in the Sales bill for the customer to whom it is mapped.

Benefits

• The Price Level can be applied to certain customers based on their buying potential which will increase the customer traffic.

• The Price level may also be fixed based on the customer's buying history of the item to which the price level is mapped. Hence fixing Price Level also accounts for loyalty.

• The Price level is set to adjust to temporary price changes based on market trends.

RetailEasy on-cloud supports creating and defining a Price Level.

To begin with we need to enable the configuration for Price Level in Customer Master

Goto >> Master >> More >> Tools >> Master Configuration

In the Customer Master

Search for Price Level

Enable Price level visible and click on SAVE

How to create a Price Level and Define it ?

There are 2 options for defining a price level

1. Mark up - A percentage or value rise in Sell price based on Sell price, Landing cost and Cost price.

2. Mark Down - A percentage or value decrease in Sell price based on Cost price or MRP.

1.  Goto >> Inventory >> Price Fixing >> Price Level

The Price Level Master screen appears

2.Click on Price Level Master to create a new Price Level

3.Enter Price Level Name, Type whether Mark up or Mark down, Based on Cost price,  

   Landing cost or Selling price and By % or Value

4. Now the Price Level PL_NEW is created

How to map the Price level to a particular item ?

1.Goto >> Inventory >> Price Fixing >> Price Level vs Items

2.The Pricelevelmapping screen appears

3. Click on the PriceLevel name tab and press EnterThe Price Level name list pops up

4.Click on PL_NEW and press ENTER

5. Type -Mark up and Based on -Selling will be displayed

6.Click on the item code tab and press Enter

7.The item list pops up. Select for example the item 12in Lenso alloy and press Enter

8. Give a Mark up value say 10 which is in this case 10% on Selling Price

9. Click on SAVE.

A Price Level of 10% Mark up on 12 in Lenso alloy will be applied.

How to map the Price Level to a particualr customer ?

For example I wish to map the Price level PL_NEW with customer Pradeep Jain then

1.Click on the Edit icon on the left side of the customer.

2. In the Others tab Price Level option appears.

3. Select PL_NEW from the drop down box and click on Update.

4. Now the customer Pradeep Jain is mapped with Price Level PL_NEW

How to apply created Price level to the mapped customer in the Sales Bill ?

1.Goto Sales >> Sales Bill

2. The Sales Bill screen appears

3. Click on the Customer tab and press Enter

4. The customer name list pops up. Select the name Pradeep jain and press Enter

5. Enter the ship name, Delivery type and other details

6. Click on the item code and press Enter

7. The item list pops up. Select the item  "12 in Lenso Alloy" for which the Price Level is 

     mapped and press Enter

Note: The original selling price of the item is 7400

I have entered the Quantity as 2 and the sell price can be seen increased by mark up of 10%.( Sell price increased from 7400 to 8140.)

Thus a Price level is created,defined, mapped to item, mapped to customer and applied in Sales bill for that particular customer and item.

With RetailEasy on-cloud you can make customized  sell prices for selected customers on specified items for various reasons like addressing buying potential and history of customers and temporary price fluctuations based on market trend.