Blackpurl

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 

1. Navigate to the relevant Vendor record and click on

2. On the Edit Vendor screen, scroll to the section Price Pricing > Vendor Controls Part Retail Price.  

3. Move the toggle to the On position and then set the controls you want in place.

For our example below, we want to set a Part Pricing for Vendor Smith and Co to have the Part Retail Price always set as 5% more than the MSRP price and we want the price to be rounded to the next 5 cents. This is what our settings would be:

TIP: Take note of the Warning: .

Once you are happy with the Part Pricing setup, click on

4. 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.