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.
Use the toggle to switch the Price Pricing feature on or off for that particular Vendor.

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

- 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.
Going forward if a new Price File is upload for the Vendor Smith and Co, the Retail Price will change automatically to meet the Part Pricing setup