Stock Pricing

There are a number of areas of Jim2 that impact on selling price calculations. These include:

Following are definitions:

methods that Jim2 can use. If applicable, GST is added after the price calculation has been completed.

Last COGS calculation method will use the Est Cost if there is no stock on hand or if the pricing on the Vendor tab is more recent than the last PO in the system.

Avg COGS and Max COGS will fall back to Last COGS if there is no stock on hand.

Example

Stock code ABC has 2 price levels. These are Retail and Wholesale. The method of price calculation for this stock code for the Retail price level is Last COGS (what it cost to buy the stock last time) + Markup (the percentage of cost to add to the cost).

▪In this example the Last COGS is $50 and the Markup is 100%. The Retail price level selling price would be $100 ($50 + ($50*100%)) plus GST.

▪In this example the Wholesale price level will calculate at Last COGS + Markup, where the markup is 80%. The selling price is $90 ($50 + ($50*80%) plus GST.

Price calculation method	Explanation
Fixed Price	A fixed price which is not altered by new purchase prices, etc.
Last COGS + Markup	The last COGS (cost of goods sold) of the stock, plus a percentage markup. (Markup is the amount by which the cost of a product is increased in order to derive the selling price. For example, a markup of $30 from $70 yields a selling price of $100. Or, stated as a percentage, the markup percentage is 42.9%, calculated as the markup amount divided by the product cost.)
Avg COGS + Markup	The average COGS of the stock on hand plus a percentage markup (see Maximum COGS below).
Max COGS + Markup	The maximum COGS of the stock on hand plus a percentage markup (see Maximum COGS below).
Last COGS + Margin	The last COGS of the stock plus a margin. (Margin is sales minus the cost of goods sold. For example, if a product sells for $100 and costs $70 to manufacture, its margin is $30. Or, stated as a percentage, the margin percentage is 30%, calculated as the margin divided by sales.)
Avg COGS + Margin	The average COGS of the stock on hand, plus a margin (see Avg COGS below).
Max COGS + Margin	The maximum COGS of the stock on hand, plus a margin (see Avg COGS below).
List – Discount	The list price minus a percentage amount (which can also be 0, ie. in a retail situation). When selected, this will show on an invoice report.
List – Percent	The list price minus a percentage (which can also be 0, ie. in a retail situation). This will not show on an invoice report.
Avg PO COGS + Markup	The average PO COGS, plus a markup, which changes only at point of purchase – not at point of selling.
Avg PO COGS + Margin	The average PO COGS, plus a markup, which changes only at point of purchase – not at point of selling.
Est Cost + Markup	The Vendors tab estimated cost plus a percentage markup.
Est Cost + Margin	The Vendors tab estimated cost plus a percentage margin.
Avg PO COGS + Markup	The average COGS, plus a markup, which changes only at point of purchase – not at point of selling. (see Avg COGS below.)
Avg PO COGS + Margin	The average COGS, plus a margin, which changes only at point of purchase – not at point of selling. (see Avg COGS below.)
Price Level – Discount	Will display the List price. the discount % and the Total Nett price on a job or quote. You can use double negative to plus rather than less the discount percentage.
Price Level – Percent	Will display the nett price and not the list price or discount % on a job or quote, along with the Pcnt% column. You can use double negative to plus rather than less the discount percentage.
Specific Customer	Select a specific customer to provide them with a special price on this stock.

This refers to the method of calculating the selling price for a stock code for a particular price level. There are numerous price calculation

If customers are rewarded with better prices because they buy more a particular stock, volume price breaks allow Jim2 to recalculate a selling price based on the quantity to be sold. See below for more information on volume price breaks.

Example

Stock code ABC has a Retail price level calculated as Last COGS + 100% Markup, for selling 1 to 9 units, 80% for 10-19 units and 70% for 20 units or more. If a customer would like to buy 10 units, the selling price can recalculate to Last COGS + 80% Markup. This same price would be calculated for 10-19 units, then 20 units or more can force Jim2 to recalculate to Last COGS + 70% Markup. This recalculated price would apply to all units of ABC sold on that job.

Volume price breaks allows setting a unit price as well as volume/quantity price breaks for each price level, (it is possible to restrict which staff members can provide which quantity break discounts or movements).

Each price level can be set with a unit price and up to four additional volume price breaks.

Sample price level set as follows:

Break1	Break 2	Break 3	Break 4	Break 5
1 off	10 to 19	20 to 49	50 to 99	100+
$100.00	$95.00	$90.00	$85.00	$80.00

Price Break Movement Down setting	Price Break Movement allowed	Meaning
-1	Unlimited (default)	Unlimited price movement (default).
0	No movement	No price break movement – always sells at unit price.
1	One level down	One level down only, from break 1 to 2, from 2 to 3, etc. Users restricted to price break movement 1 could sell 20 units at the break 4 price, but not the break 5 price.
2	Two levels down	Two levels down, from break 1 to 2 or 3, from 2 to 3 or 4, etc. Users restricted to price break movement 1 could sell 10 units at the Break 4 price, but not the break 5 price.
3	Three levels down	Three levels down, from break 1 to 2, 3 or 4, from 2 to 3, 4 or 5, etc. Users restricted to price break movement 1 could sell 10 units at the break 5 price.
4	Four levels down	Four levels down, from break 1 to 2, 3, 4 or 5, from 2 to 3, 4 or 5, etc.

Further information

Stock List

Stock Preview Pane

Stock – Order of Pricing