To get a good understanding of the way FastManager uses markups, we recommend that you follow all the steps outlined below, starting with creating a “Simple Markup” table, and all the way through until you get to the “Advanced Markup”.
In a Simple Markup, you would have a single Markup table, with no Qty breaks, and apply that table to an entire catalog (or catalogs)
Go to Edit
→ Markup Maintenance
Min Qty
enter a 0
Markup
enter a value such as 100
100%
markup means that an item which cost you $1
, will be sold for $2
Edit
→ Global Item Changes
(which we will be looking at toward the end of this article)A Quantity-based markup is the same as a simple markup, except that we add more rows to the markup table, as follows:
When Importing Catalogs
On the navigation pane to the left of the main FastManager window, expand the section called Catalogs
Online Catalogs
Using Global Item Changes
Go to Edit
→ Global Item Changes
Change Applied Markup
and click on NextCatalog =
select the catalog for which you want to change the markup (you can also select “All Catalogs”) then click on Filter and click on Next
In a Cost Based Markup, we first create a number of different Markup Tables, each of which being intended for use with items at differing Cost Breaks
When Importing Catalogs
On the navigation pane to the left of the main FastManager window, expand the section called Catalogs
Online Catalogs
Get List
Next
button
, then list the markup tables to use at the right-hand sideQualifying Amount
, enter the cost at which the markup is applicableMarkup Table
, select the Markup Table which will be used for items at that cost-level
Example
Item Cost = | Use the table: | Explanation: |
---|---|---|
$0 or more | 'Level 1 - $0+' | Goods which cost less than $2.50 get this markup |
$2.50 or more | 'Level 2 - $2.50+' | Goods which cost $2.50 or more get this markup |
$5 or more | 'Level 3 - $5+' | Goods which cost $5 or more get this markup |
… and so on … |
Remember that when you actually add goods to your order, the total number of pieces will also help to determine the effective markup, If you have included quantity breaks in each of your markup tables.
Using Global Item Changes
Edit -> Global Item Changes
and select: Change Markup Based On Cost
Catalog =
select the catalog for which you want to change the markup (you can also select “All Catalogs”) then click on Filter and click on Next
Example
For items which cost ** $0** or more, we will use the table Level 1- $0+
For items which cost ** $2.50** or more, we will switch to using the table: Level 2 - $2.50+
and so on …
Advanced Markups refer to the possibility of setting up a different set of Markup Tables for each of a number of different Customer Groups
Edit -> Lists -> Customer Industry
.Edit -> Customers
First, go to Edit -> Markup Maintenance
and create a set of Markup Tables
Once you have prepared all the markup tables you will need,
Edit -> Global Item Changes
and select Change Markup Based on Cost
, then click Next
Filter
and then click on Next
Markup
column, you can select just one markup table with a 0
entered in the Min Cost
column on the first rowMin cost
values, just as you would for a Cost Based MarkupApplies To:
Apply
Once you have setup and applied your markup tables, you can view the resulting Retail Pricing for any given catalog item at: Edit
→ Catalogs Items
Style Number
and click on Select
Default Markup
You can make changes to the pricing of the item with various options, such as:
Enter Own Retail And cost
Cost Wizard
or the Retail Wizard
to make bulk adjustments to pricing