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What makes handling the “messy middle” of pricing structures so challenging for systems? Variety. It’s hard to account for all the unique types of pricing structures, such as: - Item-pricing - Item-pricing with component breakdowns - Item-pricing with alternative suggestions - Item-pricing with global factors (e.g., indices, exchange rates) Or maybe you want: - The supplier to provide a bill of materials and pricing (when you don’t know the exact items they’ll use) - Item-pricing that feeds into project scenarios - Multiple pricing tables that add up to an overall total (e.g., in outsourcing deals) The list goes on… And here’s the kicker—it all needs to look polished and be easy to use in Excel, because that’s where your suppliers are. Most systems can handle a few of these, but for the rest, we turn to Excel to build our RFP pricing structures. And that’s fine. Tomorrow, I’ll share a quick update on what I’ve been creating since last Friday’s post. In short, I’m focused on reducing the burden of consolidating and checking custom Excel RFP pricing structures. See you there. Also, if there are types of pricing structures I've missed let me know...

The second question question i am being asked is often why should we invest into a pricing software...well there are many various angles and ways this one can be answered : Segmentation & Willingness to Pay, Productivity & Accuracy, Agility & Speed, Decision Support & Analytics, Profit and/or Revenue increase..Truth is that companies have set-up different pricing processes & governance, they are facing different types of pricing challenges...inevitably leading to a specific pricing value perception. One of the top reason i love my job is to figure out where the Value resides.

🌊Ever feel like you're drowning in a sea of spreadsheets or gambling with your stock levels?🎰 Check out this quick video highlighting 10 key features of inventory management system software that can help businesses thrive in today's fast-paced market. For a detailed Q&A article, visit https://bit.ly/3V6WwgF #inventorymanagement 📦📈

Value-based pricing is a way to set the price of your product or service based on how much value it gives to the customer, not on how much it costs to make. This strategy can boost your profits and make customers happier. To use value-based pricing, you must understand what your customers need and want. You should also know the special value your product offers. In simple terms, charge customers for the value and clarity you provide, not just for the cost of materials. Get paid for your thinking, and find the right market that will value it. For example, if you create software to track time, companies that work remotely may see a lot of value in it for improving productivity. They might pay more for it because of this value. I follow this principle closely. In any field where I can't charge for value and have to compete on price alone, I leave right away. I’m too young and too broke to be in a market based only on price. (Please read this again, slowly).

Just to share some of the benefits in having Inventory Management Software. 1) Cost savings. 2) Increase Productivity. 3) Improved Accuracy. 4) Insight into Your Products. 5) Better Customer Experience. Latitude does all these things to make a better and more accurate inventory! Good counting! 💯

🔍 **Struggling to Keep Up with Price Changes? We've Got You Covered!** 🔍 In today’s fast-paced market, ensuring your pricing is accurate and competitive can make or break your business. But manually tracking and verifying prices across your product lineup is time-consuming and error-prone. That’s why we created our **Price Verification Tool**! 🚀 ✅ **Automated Price Monitoring**: No more manual tracking! Our tool automatically scans and updates pricing from multiple sources, saving you hours of work. ✅ **Real-Time Alerts**: Stay ahead of the competition by receiving real-time notifications on price fluctuations. ✅ **Detailed Analytics**: Get insights into pricing trends and make data-driven decisions. ✅ **Customizable Reporting**: Generate reports tailored to your business needs. 💼 **Interested in seeing how it works?** Let’s connect! Visit InsideTrackData.com or send me a message for a free demo and start streamlining your pricing strategy today. #PriceVerification #DataAnalytics #Automation #BusinessGrowth InsideTrack

Managing different prices for multiple customers can be challenging - but not with Thrive. Our Price Lists Feature is a game-changer for B2B pricing - check it out below. ⬇️ With Price Lists, you can: 1️⃣ Create customer-specific price lists - simply add your products, set the price, and add as many customers as you need. No more one size fits all. 2️⃣ Bulk Editing with Excel - Need to add customers or products in bulk? Simply export the file, edit with Excel, and re-upload it - your new price list ready in 3-clicks. Want to learn more? Check out our Stock Module below. https://lnkd.in/ekaYbjCj #ThriveAccounting #Accounting #Finance #Stock

Learn about Intercompany Sales and Purchases using #BusinessCentral during the next D365UG BC/NAV - Official Microsoft Dynamics® User Group Webinar with Sneha Singh, CPI/CEP from LIDD Supply Chain Consultants on Wed March 20 at 2pm EDT: https://lnkd.in/efqnyhFB     #NAVUG #BCUG #D365UGBC #MSDyn365BC #MSDynNAV

Are you looking to optimize your profit margins and gain deeper insights into your business finances❓ Who isn't, right? Keep reading to learn more.👇🏻 💁🏻With our Cost of Goods Sold (COGS) plugin, you gain access to a powerful cost and profit calculator that revolutionizes the way you manage your inventory and track your financial performance. But that's not all! COGS also provide you with:⤵️ 📌Customizable product costs. 📌Calculate and assign costs either to each individual variation or to all variations collectively. 📌Valuable insights into your profit margins, and profit warning when a particular order's profit dips below zero. 📌Help you identify areas for improvement. 📌Make informed pricing decisions. 📌Smooth data import\ export. 👋🏻 Say goodbye to manual calculations and take control of your financial success by automated process.🚀 Plugin link in the comments.👇🏻 #WPFactory #woocommerceplugin #CostCalculator