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Adding Default Price Tape Parameters

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Before your first price tape update, you use the Default Tape Parameters button on the Price Tape Update menu to set default pricing information that will be used when no information is available from the price tape. You will need to set price tape update defaults for each inventory source. Use the F5 key to select the sources as needed. The screen identifies the current source so you can ensure you are entering the correct parameters for each source. 

Step 1. From the Parts Inventory main menu, select Setup & Updates.

Step 2. Select Price Tape Updates from the System Setup & Updates menu. The Price Tape Update menu opens.

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Step 3. Click Default Tape Parameters. The OEM Price Tape Update Defaults screen opens.

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Step 4. Verify you are in the correct source. If necessary, use the F5 key to select a different source.

Step 5. The top part of the screen is used to set parameters that will be used to determine the trade price if it is missing from the price tape. Decide which of the two pricing methods you want to use, and enter the percentage that will be used for that pricing method. 

A. The Discount from List option will calculate the part price as a discount from the list
price. If you want to use this pricing option, type the percentage. If you do not want to use this method, type .00%. This indicates that the pricing option below should be used. 

If you select to calculate the price as a discount from the list price and the computed trade price is less than the markup from cost, the markup method will be used. Therefore, you must enter a percentage in the next field to ensure that a price can be calculated in this event.

If the list price is missing from the price tape, the system will use the fields at the bottom of the screen to calculate the list price that in turn will be used to calculate the trade price. These fields will only be used if you do not use matrix pricing. If you use matrix pricing, the list price will be taken from the matrix parameters. 

B. The Markup from cost option will calculate the part price as a markup from the cost. Using this method generally provides a more predictable profit margin. 

Type the percentage. Even if you do not want to use this method to calculate the trade price, you must enter a percentage in this field. If you select to calculate the price as a discount from the list price and the computed trade price is less than the markup from cost, the markup method will be used. Therefore, an entry in this field ensures that a price can be calculated in this event.

Step 6. In Parts with a cost up to, type the dollar amount that marks the ending value for the first markup percentage. This setting will be used to calculate the list price of a part only if the list price is missing from the price tape.

Step 7. The Parts with a cost over field automatically defaults to the same value set in the previous field. Leave the entry, or type the dollar amount over which the second markup percentage applies. This setting will be used to calculate the list price of a part only if the list price is missing from the price tape. 

Step 8. In Markup By, type the markup percentage that will be used to calculate the list price for parts with a cost equal to or less than the amount in the “up to” field and a cost over the amount in the “cost over” field. These settings will be used to calculate the list price of a part only if the list price is missing from the price tape.  

Note: Parts numbers with a list price calculated by the default price tape parameters will trigger a red flag message alerting users that the list price was either omitted or calculated when the parts numbers are entered in the Parts Queries, Counter Parts Sales, Service R/O Parts, Customer Quote, and (Service Quotes) Add Parts screens. When you complete the entry line for these parts on these screens, the part appears in the parts list with it's List price in white, highlighted in red.

Step 9. If applicable, select the next source, and enter the parameters for that source. Continue until you have entered parameters for all of your inventory sources.Step 10. Click Save to save the parameters.

Step 10. When you're finished defining the parameters for all of your inventory sources, click Exit on the Price Tape Update menu to return to the System Setup & Updates menu.

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