WHAT IS VENDOR PART PRICING
Vendor Part Pricing allows the dealership to automatically set the Retail Price value for all parts supplied by a vendor.
When Vendor Part Pricing is setup, any change made to the Cost or MSRP for that part will be used by the automatic Part Pricing setting to calculate a new Retail Price.
This way when part records are updated by Price File, Vendor Receiving/Invoicing cost updates or even manual edits to the part record, the Vendor Retail Price setting will always maintain the desired markup or margin.
HOW TO SETUP VENDOR PART PRICING
- Navigate to the relevant Vendor record and click on
- On the Edit Vendor screen, scroll to the section Price Pricing > Vendor Controls Part Retail Price.
- Move the toggle to the On position and then set the controls you want in place.
- The end result will be that after you click on save - the Retail Price for all parts with the Vendor Smith and Co, will automatically change to meet the Part Pricing setup.