Change Item Prices: Basic Steps

How Do I? | Price Change Overview

Access Price Manager
Change prices for a temporary sale Copy prices to another price level
Print markdown price tags
Restore my previous prices

If you are accessing this topic from a price change record already calculated, skip to To review or edit a price change below.

Tip: If the price change you want to implement is similar to a previous one, the quickest way to start is to copy the previous one. Go to your price change list, select the existing record, and then select Copy. Edit as necessary and save.

Following are the basic steps of creating and applying a price change.

To start a new price change:

1. Access Price Manager.

2. Select Make Price Changes from the Price Manager overview (or, if already in the Price Change module, select New Price Change from the window toolbar).

3. Follow the prompts in the Price Change wizard to: (select Help on wizard pages for more information)

- Specify the price level to which you are making the price changes. Changes can be applied to only one price level.

- Select the items for which you are changing prices. You select items by department, vendor, item name, by applying a filter, or you can change prices for all of your items.

- Build a formula for calculating new prices. You can calculate new prices relative to the current item price or cost. If you choose price, specify from which price level the new prices are calculated. This price can be the same or different than the one to which the changes will be applied.

- Optionally, enter price rounding criteria.

- Calculate the new prices based on your selection. When the calculation is complete, the price change record is displayed.

4. Continue with To review or edit a price change, below.

To review or edit a price change:

After calculation of a new price change or when returning to a previous price change record, it will be in one of the following status conditions:

- Pending: New prices have been calculated (and optionally saved), but they have not been applied to inventory.

- Applied: New prices have been applied to inventory and are in effect. You can review the price changes, print tags, or restore your previous prices.

- Restored: Your previous prices have been restored. You can print tags at the restored prices from this window. Note that this screen displays the old and new prices at the time the price change was restored. If you return to it later, the prices shown may not match your current pricing.

1. Review and edit the price changes when the record is displayed.

- The Current Price column displays the "old" item prices at the price level you selected to change and the New Price column displays the calculated new prices. Note that if you selected different "apply to" and "calculate from" price levels, these two columns may not be directly related. You can customize the columns to display different price levels if necessary.

- You can make manual changes to the calculated prices, or select Clear New Prices and then Calculate Prices to start over.

- To change prices for additional items, choose Select Items and use the Price Change wizard to select a different group of items. Then select Calculate Prices to compute new prices for that group.

- If you want to change prices for different groups of items by different criteria in the same price change, select the first group and enter or calculate prices, then repeat for the second group, and so on. Don't apply the new prices to inventory until they have been entered for all items.

- Print markdown price tags, showing both old and new prices, if desired.

2. Select Items with New Price from the View drop-down to do a final review of all items with new prices.

3. Select Save (saves the record without applying the new prices) or Apply Changes to Inventory (new prices overwrite old in inventory).

Notes:

- It's important to keep to mind that when you calculate new prices, you are only affecting the currently selected (and displayed, if on the price change record) items. All new prices, whether you can currently see them or not, will be applied to inventory. Before applying the changes to inventory, select Items with New Price from the View menu. This displays and allows you to review all the new prices.

- (Pro) Price Changes are sent to remote stores with your next Store Exchange. The remote store can open and view the price change record and print markdown tags as necessary.