Eclipse Pricing Management helps you maintain consistent costing and pricing information. From updating price sheets to reporting on sales outcomes and commissions earned, Pricing Management provides a reliable and accurate way of costing and pricing merchandise.
This section of the documentation discusses standard pricing logic. For information about using the Strategic Pricing companion product, see Eclipse Strategic Pricing Overview.
Price Updates
Vendors supply their price information to you through price sheets or price update files. You can then update your pricing information manually or automatically. The system can also automatically add product records for new products during a price update.
Price Lines
When new products are added to the product file they are assigned to price lines. Price lines are groups of products used for sales performance reporting, unit of measure descriptors, and commission groups. Price lines provide default information for the products within a price line.
Price Sheet Entry
Vendors provide basis names associated with a dollar amount on the vendor's price sheet. Each vendor may use different basis names to define their pricing, so cross-reference vendor basis names with Eclipse basis names to create a standard pricing scheme for each price line.
Pricing Matrix
The system prices items using a pricing matrix. A sell matrix defines the pricing rules for your sales, branch transfers, and adjustments. A buy matrix defines pricing rules involving the costs for products on purchase orders.
Within each matrix cell, a formula and a basis name calculation defines the cost or price on an order. You can include the following price- or cost-determining factors in matrix cells:
Buy and sell groups that share the same pricing rules.
Quantity break pricing that offer discounts for buying quantity.
Combination groups that offer quantity break discounts on the combined total of items.
Rebate pricing that offers customers discounts directly from your vendors.
You can use the standard pricing matrix hierarchy set up in the Eclipse system, which is not configurable, or you can configure your system to use a pricing procedure designed for your business needs.
Commissions
Set up your salespeople with commission plans that regulate how the system calculates commissions for each salesperson. Set up commission plans to calculate commissions based on one of the following:
Gross profit dollars
Sales dollars
Net sales dollars
Items sold as members of a product commission group
Quotes
Use Quote Maintenance to offer special pricing to customers during limited periods.
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See Also:
Assigning Products to Buy or Sell Groups