Set Price

Use the Set Price field to add a dollar amount to the final Retail Price when the item is used on a Work Order. 

What is Set Price?

• Set Price is a dollar amount added to the final, calculated Retail Price:

  • It is a one time dollar value applied to each piece sold.

  • The dollar amount does not vary with the amount or area of stock used.

  • Can be used to cover minimums, shipping, waste, labor, etc.

• Set Price is an optional field.

Set Price Field

 

• A dollar value added to the item after it has been priced on a Work Order.

• The Set Price can be a fixed value, e.g.  8  or a formula, e.g.   cost*2 

Understanding Set Price

• The Set Price is an amount automatically added to the final Retail Price -- regardless of the size or length sold. Using it can really help level out the "teeter-totter" effect in your pricing.

• Using a lower Markup and a higher Set Price can increase lower priced items without making higher prices even higher.

Create a Balanced Pricing Strategy

Learn how to use Markups and Set Price to balance your pricing.

Using Set Price for your Inventory

• Understanding Default Pricing for Moulding

• Understand Default Pricing Formula for Matboard

 

© 2023 Adatasol, Inc.