Price Codes
Set Price
Use the Set Price field to add a dollar amount to the final Retail Price when the item is used on a Work Order.
What is Set Price?
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Set Price is a dollar amount added to the final, calculated Retail Price:
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It is a one time dollar value applied to each piece sold.
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The dollar amount does not vary with the amount or area of stock used.
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Can be used to cover minimums, shipping, waste, labor, etc.
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Set Price is an optional field.
Set Price Field
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A dollar value added to the item after it has been priced on a Work Order.
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The Set Price can be a fixed value, e.g. 8 or a formula, e.g. cost*2
Understanding Set Price
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The Set Price is an amount automatically added to the final Retail Price -- regardless of the size or length sold. Using it can really help level out the "teeter-totter" effect in your pricing.
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Using a lower Markup and a higher Set Price can increase lower priced items without making higher prices even higher.
Create a Balanced Pricing Strategy
Learn how to use Markups and Set Price to balance your pricing.
Using Set Price for your Inventory
