Price Groups

PRICE GROUPS

Price Groups let you define Margin or Markup rules for your SKUs. When products are received with updated costs, the ‘New Price Activation’ page will suggest new shelf prices based on any assigned Price Groups. In <Product Maintenance>, Price Groups also serve as a visual guide for your target margin or markup. Selecting a Price Group on a product will automatically apply the appropriate price.

Using Price Groups is optional. For instance, if you're purchasing a product on a limited-time offer (LTO), you can choose to ignore the suggested price change. Price Groups are simply a helpful tool when you want to use them. If desired, you can apply all Price Group pricing rules at once using the “Apply All” feature.

To create or edit Price Groups, go to the ‘Product’ dropdown menu.

Assign a Price Group to a product by going to the ‘General Information’ tab in <Product Maintenance>. Selecting a new Price Group there will update the product’s price accordingly.