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Understanding Retail Matrix Pricing

Autosoft -

Use the Retail Matrix option on the Parts Inventory module's System Setup & Updates menu to set retail matrix pricing. This allows you to override the suggested OEM list price and determine your own retail-selling price at different markups for various levels. Pricing can be entered using either a cost-plus or list-plus approach.

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The information entered on the screen is source-specific, so you can define retail pricing for each inventory source. In addition, you can apply different matrix schemes for groups of related parts within the same source.

Important:  If you are not currently using a similar pricing scheme, Autosoft suggests that you do not attempt to implement the retail matrix until you are thoroughly familiar with the system. It is also important to note that experience shows that matrix pricing is not as effective in highly competitive markets.

 

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