Overview of Pricing and Discounting

Pricing is often a struggle between the sales department, which wants flexible and competitive pricing, and the accounting department, which wants a profitable and consistent pricing structure. Because charging a standard price for a product might not apply to every situation, subjective variables jeopardize your margin. Of all the variables present in a warehousing operation, price alone determines your revenue. Therefore, implement a well-planned pricing strategy and set up accurate records.

The pricing structure and unit quantities in the system provides flexibility when you create records. You can use rounding methods to control prices that are charged to customers. Operator security and exception reporting help enforce these parameters.