The system primarily supports two type of pricing Simple & Advanced. Based on the business need, preferred pricing module can be enabled at the time of onboarding process.
Simple pricing : This is a simple pricing information kept at product level.
Advanced pricing: You can use the 'advanced pricing' when you get to outsource the product manufacturing or manufacture it yourself and want to have complete visibility of cost throughout the process.
This section takes input from you to set the price of your base product, not considering sale or any kind of discounts.
|Cost Price (ex. Factory)||This is the product price for which the product was manufactured at the factory – Supplier can be in any country and price entered in this field is in the local currency of the supplier.|
|Exchange Rate||This is the exchange rate - from local currency to the base currency setup for your store.|
|Cost Price||This is the cost price in base currency, auto calculated after putting the exchange rate.|
|Freight, Duties, and Insurance||Standard freight, duty and insurance costs input manually.|
|Quality, Defects||These are QC and defects related costs which needs to be filled manually.|
|Additional Costs||These include transportation costs, labeling and weaving costs.|
|Landing Cost||This is the final cost price of a product inclusive of all overhead expenses and is calculated based on the pre-defined formula that you can define at the time of store setup. |
|List Price (MRP / RRP)||This is recommended retail price, may / may not be higher than the sell price|
|Sell price (inc. vat)||This is the price at which a product is sold to the customer.|