MIB Pricing by Item

There are 14 different possibilities that can effect the sale price to an account. The sale price is usually set to the lowest price among the 14 possibilities that might apply.

Each inventory item has 5 possible selling prices. We name the prices PRICE 1, PRICE2, PRICE5. When you add a customer to your system, you give them a price level and a percentage. For example, a customer might buy at 50% of PRICE1, 100% of PRICE2 or 140% of PRICE5. This would be the customer's default price. Once you load a customer, they will automatically get their default pricing unless they get some special pricing.

Every week in your local newspaper you may see fliers offering items at a discount over the next week or so. The Special Pricing by Date allows you to set a beginning date, an ending date and a sale price applicable between those dates. You can set the sale items at your convenience and be assured that the sale prices will apply when you want them. For example, suppose we have a WIDGET part number that has a beginning sale date of 1/1/97, an ending date of 1/31/97 and a special price of $1.99. On any day in January of 1997 when you sell a WIDGET, the price will be no more than $1.99.

Special pricing for kit items. Engine kits are an example of kit special pricing. There might be some 15 or more items needed to rebuild an engine. If you sell the items to rebuild an engine as a kit, you will usually give a substantial discount from selling those items one at a time.

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