Vendor Pricing Updates

Vendor Update Analysis Explained

A frequent question that is asked whenever a vendor price update is performed is,"What prices have changed and by how much?"

The Vendor Price Analyzer provides price change information before you commit to performing the update. The report includes the item, what the price was, what it is now and the percentage of change.

How to do a Vendor Price Analysis

Important: Once the vendor update has been performed (i.e., you clicked on the Proceed button), you cannot go back and perform the analysis again.

1. On the Main Menu, click the Update Vendor Pricing button and then select a vendor with a pending update (an X in the checkbox).

2. A dialog box appears.
   
   

3. Click the Analyse button.
   
   This feature analyses the pricing currently in the Price Codes file and compares it with the pricing in the update. Only those items where a change has been made are displayed: the old price, the new price and the change by percent.

4. If there are no pricing changes in the update from the vendor, then this message appears.
   
   x

5. Otherwise, an analysis window appears. Only items undergoing a price change are listed.
   
   For each of these, the Cost or Length, Chop and Join prices are given, subdivided into old, new and percentage of change columns. 

6.  Scroll to review the data.

7. Click the Printer icon to print a report or close to continue with your vendor update.

Tip: If some of your in-stock moulding or matboard has decreased in price, print the report and manually change the prices back to the higher price at which it was purchased. Or, go to the bottom of your formula and type in a multiplier, e.g. * 2.

 

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