Keeping MIB Prices Current

 

Date Last Price Updated is stored with each item in your computer inventory. For each item that you update prices, the date last price updated is automatically set to today's date.  For example, suppose that today's date is 4/1/14 and that you change some or all the five prices levels for the item WIDGET. Date Last Price Updated for WIDGET is set to 4/1/14.

Price files can be used to price update existing inventory or to load new part numbers. The files usually come from your suppliers or from MIB. These files will usually price update or load 100s of items per second. These files will often have detailed descriptions and weights for items that can also be loaded.

Many price update files are now sent via email in Excel format. You can convert that data so that MIB can read it. We'll teach you how.

Some suppliers send price files in their proprietary format. We will help you convert them so that they will read directly into MIB.

Change your cost for an item and the other price levels change to keep markups from cost constant. When you notice that your cost for an item has changed, you change your cost for that item. All of the other price levels for that item are raised or lowered by the same percentage.

You might have a large number of items in one Product Line that have the same price. You can set some or all the price levels in a Product Line in seconds.

Some users only change their cost when loading supplier price files. They then recompute the other price levels using profit margins that they preset earlier in the Product Line data.

You can raise or lower some or all price levels by a percentage for a large group of items in seconds.

Raise pennies to nines. You night choose to raise some or all price levels for a large group of items so that any prices that end with say a 4 or higher are raised to “nines”.

You can also raise to digits to a higher price. It works the same as the pennies to “nines” except it works with two digits instead of one.

Classification Characters may help you determine if you should stock an item or not. Many price files also have classification characters in the file and this datum can be loaded at the same time prices are loaded.

Previous page