You can specify a reference margin to calculate the retail price of an item by using the market cost, when an item is received by an EDI process or a manually-received purchase order. When you set a reference margin, you will maintain a constant margin on an item as the market cost fluctuates.
For example, if the retail price of one item is based on a market cost of $10 and a reference margin of 50%, the retail price will be $20. If an EDI process updates the market cost to $20, the retail price will change to $40.
You can specify different reference margins to calculate the prices for one item and for other quantities (known as quantity price discounts or price levels).
To learn more, click the title of a Knowledge Base article (KBA) or view our webinar:
|How to set up the reference margin feature||Set up—Company|
|How to add the reference margin to an inventory item||Inventory|
|How to apply a quantity discount using a negative reference margin||Inventory|
Webinar: The many uses for reference margin
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