Sunday 26 June 2016

Keeping upto date

We woke up on Fri 24th June to hear that a huge change had taken place in this country. Whether your view is that "Turkeys have voted for Christmas" or "The bright dawn of a new era" as framers we need to keep upto date with what could be large price swings. (Much of the materials we use are imported and subject to currency fluctuations.) If we don't then our businesses will very quickly become unprofitable and untenable.

Wessex Pricing Program makes it easy to keep up with any price changes.

When you get an invoice for a moulding order check the cost against the database ("Tools">"Manage Database">"Mouldings" and enter your moulding ID in the yellow box. Click "Find" and the record will appear. If the whole cost/metre is different then click "Edit" (the boxes will turn yellow to indicate they can be changed) change the Cost and click "Save".
Some suppliers still price in imperial, so the program has a calculator ("Tools">"Calculator") one of its functions is to work out price-per-Metre from price-per-Foot.

You can also bulk update supplier's mouldings from an Excel file (there are a number of posts on how to do this), but bear in mind that even the supplier list may not be upto date.

Other costs are entered in "Setup">"Values". Including the Moulding markup and the various "base" costs for Moulding, Glass and Mount. Think of these fixed "base" costs as the cutting charge or minimum charge to cut a mount (or glass, or join a frame).
Below the "base" cost is the variable cost - this is the cost per sq. Cm. to the customer . So, if the cost of glass or mountboard rise this is the place to alter your price. Just put in the new figure and click "Save" for each item.

For some thoughts on pricing and pricing strategy have a look at this post.

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