It’s becoming more and more frequent with the multiple sales channels now available that retailers need to have several prices structured in their stock management system to cater for varying prices for high-street and online stores, for seasonal sales, staff purchases, prices for  alternate stores or wholesale selling prices.

To make this more efficient for its bsmart² system clients, Bransom Retail Systems has introduced the Price Matrix Module, where more options to set prices have been added to the established functions which enable the user to set and calculate prices based on a default markup factor. These may then be applied conditionally to all items, to selected groups or departments or even applied on an individual supplier basis so all items from that supplier override the default markup. This could be, for example, setting prices for a supplier’s premium range differently from its standard range. Various combinations of supplier, department and sub-department may be configured, each with its own overriding markup.

Where items are in a sale, the matrix will allow a ‘was/now’ pricing display to be used on pad labels to illustrate the offer.

This flexibility in managing pricing will allow retailers to spend less time calculating prices and more on the business of retail.