Create Pricing Master Scheme and Customer Group

Create Pricing Master Scheme and Customer Group

Software Plan: Startup, Growth & Enterprise
Account Type: Seller Account 
Inventory Type: Non Serialize & Serialize

Feature description

The Pricing Master feature empowers you to define custom pricing schemes for your wholesale customers. This allows you to offer personalized and negotiable pricing, fostering stronger relationships with your valued clients.  With Pricing Master, businesses can easily create and manage custom pricing rules, leading to increased sales, improved customer loyalty, and overall business growth.

Use Case

1.  Ajay has a long-standing wholesale customer, ABC Pvt Ltd.  They have been purchasing significant quantities of his products for the past five years.

Using Pricing Master, Ajay can:
  1. Create a custom pricing tier: Define a special pricing tier specifically for ABC Wholesale.
  2. Set product-specific discounts: Offer discounts on certain products that are particularly popular with ABC Wholesale.
  3. Implement volume-based pricing: Provide additional discounts based on the quantity of products purchased by ABC Wholesale.
  4. Offer exclusive promotions: Offer limited-time promotions or early access to new products to ABC Wholesale as a token of appreciation for their loyalty.

Workflow


Step 1:  Go to Masters (main menu) > Pricing Master > Create New Pricing Scheme



Step 2:  Mention the List Name. The list name can be used to identify the pricing scheme.



Step 3: Select the Pricing Type.



Pricing Type can be set into 4 types-
  1. SKU Wise Price List
  2. Flat Discount on MRP
  3. Net of Taxes (NOT)
  4. Net Realization Value (NRV)

1. SKU Wise Price List

SKU-wise price list allows the sellers to use tailored pricing on specific SKUs



Download the Template.




Fill in the details.



Upload the sheet and click on Submit




2. Flat Discount on MRP

Flat Discount on MRP allows sellers to set a discount percentage on their listing or specific SKUs



If you choose "Discount", you can specify the discount percentage, and the discount will apply to the entire listing.
Click on Submit to finalize.



OR

If you select "Upload Sheet", click on "Download Template"



Fill in the details. The discount value will be considered in percentage. This will apply the discount on those specific SKUs which are mentioned in this sheet.



Upload the sheet and click on Submit



3. Net of Taxes (NOT)

In Net of Taxes, the seller can define a Margin Percentage.

 

If you select "Margin", you can mention the margin percentage and the margin will apply to the whole listing.

Click on Submit to finalize.



If you select "Upload Sheet", click on "Download Template"



Fill in the details. The margin value will be considered in percentage. This will apply the margin on those specific SKUs mentioned in this sheet.



How to calculate Invoice Value based on Net of Taxes (NOT) Pricing Scheme:


4. Net Realization Value (NRV)

In NRV pricing, sellers can set the margin for retailers and stockists. This margin plays a crucial role in determining the revenue generated from the sale of products. By setting the margin, sellers can have better control over the profitability of their products



If you select "Margin", you can mention the margin percentage for retailer as well as the stockist and the margin will apply to the whole listing.

Click on Submit to finalize.



If you select "Upload Sheet", click on "Download Template"




Fill in the details. The margin value will be considered in percentage. This will apply the margin on those specific SKUs mentioned in this sheet.



How to calculate Invoice Value based on Net Realization Value (NRV) Pricing Scheme:

Net Amount = MRP*(1-Retailer Margin %)
GST Factor = (GST+100)/100
PTR (Price to Retailer) = Net Amount/GST Factor
PTS (Price to Super Stockist) = PTR (Price to Retailer) *(1 – Stockist Margin %)


Pricing Scheme Mapping with Customer Group


Step 1:  Go to Masters (main menu) > Pricing Master > Create Customer Group



Step 2:  Mention Customer Group Name > Choose the Pricing Scheme > Select the B2B Customer/Locations which whom the pricing scheme should be mapped (You may select multiple customers as well) > Click on Submit




A customer group will be created. When creating a B2B order for the same customer using pricing master calculation, the pricing scheme will be automatically applied.




Notes:

1. The new pricing master will not work for international customers

2. The prices listed on the sheet will be including GST

3. Pricing Master can only be defined/updated in the primary location. However, it will still be viewable in the Child Location

4. Pricing Master can be defined against the SKU. It will not be defined against EAN or Accounting SKU

5. The new pricing master will work for the New B2B Module

6. NOT & NRV pricing schemes are only applicable for B2B Customers

7. In case a specific SKU has a discount percentage defined through the UI, and later on, a different discount percentage is defined for that SKU in the sheet, then the sheet's data will override the UI's data.

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