Blackpurl

This article will explain what Vendor Part Pricing is and how to setup Vendor Part Pricing

What is Vendor Part Pricing 

Vendor Part Pricing allows the dealership to automatically set the Retail Price value for all parts supplied by a certain 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

• the Part Retail Price based on MSRP
  
  
• a Markup of 5% from $0 to $2000
  
  
• a Markup of 7% from $2,000.01 to unlimited
  
  
• Price to be rounded to the next 5 cents

This is what our settings would be:

Tip:
Dealership can add up to 11 markup tiers to the Vendor Controlled Pricing

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