Optimise your pricing structures
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Heather
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Setting up and managing tracking categories, credit limits, and pricing structures is crucial for maintaining clear financial insights and safeguarding your business. Unleashed provides robust functionalities that simplify these processes, enabling you to segment your financial data with precision, manage customer credit effectively, and implement consistent pricing structures. A well-defined pricing structure is essential for maintaining profitability and ensuring that your pricing aligns with market demands and business goals. These tools help you optimize financial management, giving you the clarity and control needed to scale your business confidently and sustainably.
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Set up and use tracking categories & credit limits: With the Xero integration, you can set up and use our advanced features. Set up tracking categories to allow you to segment your financial accounts by warehouse, sales person, customer type, sales group or product group providing detailed visibility into your business performance. Use credit limits for managing customer accounts within Unleashed and mitigate financial risk to ensure customers stay within their approved credit range, helping to protect your cash flow and reduce the likelihood of bad debt.
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Return stock to your suppliers: Managing returns to your suppliers is a critical aspect of maintaining accurate inventory levels and strong supplier relationships. Unleashed offers streamlined processes to help you handle stock returns efficiently and effectively. By creating supplier returns, excess or defective inventory is promptly addressed. Properly managing returns helps you maintain a lean, efficient inventory and supports overall business profitability.
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Mark up your pricing in bulk: This is an essential strategy for maintaining profitability and responding quickly to market changes. Unleashed provides the tools to help you efficiently adjust your pricing across multiple products saving you time and ensuring consistency. This feature is invaluable when you need to adjust your prices due to rising costs, market trends, or strategic shifts. By using this bulk pricing update functionality, you can ensure that your pricing structure remains competitive and aligned with your competitors.
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Add cost lines to your purchase orders: Adding cost lines to purchase orders is crucial for maintaining accurate financial records and ensuring comprehensive expense tracking. Cost lines allow you to detail and track various expenses associated with your purchase orders, such as shipping fees, handling charges, or import duties. By adding these cost lines, you gain a clearer picture of the total cost of goods and services, which helps in accurate budgeting and pricing strategies. These can be added at any time prior to the order being completed and when these are added the value will be distributed across your order lines based on the distribution method you choose. You also have the option to share costs between multiple purchase orders.
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Set up Minimum order quantities per product: Setting up minimum order quantities per product makes ordering from your suppliers simple by setting predetermined order quantities that automatically populate in your purchase order process. Unleashed allows you to set up the smallest amount of product that needs to be ordered, ensuring your suppliers order specifications are hit automatically as well as allowing you to always order certain quantities where needed.
- Set up seasonal customer/quantity pricing: Pricing strategies that incorporate seasonal changes or quantity price breaks can be easily set up and managed in Unleashed to optimize sales and capitalize on seasonal demand. Using our customer pricing feature, you can set up seasonal pricing which allows you to adjust your prices based on specific times of the year, such as holidays or peak seasons. Quantity pricing enables you to offer discounts or incentives based on the volume of products purchased, encouraging larger orders and increasing sales. By configuring these pricing structures in Unleashed, you can easily apply tailored pricing strategies that align with seasonal trends and customer purchasing behaviors.