Vendor database and prices

[Gilligan]

Are any of you using the vendor pricing as it is in these management software(s)?

Pricing is just always so far off.  Example, your basic t-shirt (say, Gildan 5000) is ALWAYS on sale.  Yet the difference in the "regular" price and what we would pay for it is about .50 cents.  This is even worse for some of you guys as I don't get as good as pricing as you.

So do you just adjust your markup accordingly?  Adjust your price maxtrix accordingly or did you create your own "catalog"?

I've talked to a lot of people that basically say all the time that they don't use the software for pricing, just for job tracking.  I COULD do this, but at that point I am not much more a head of Quick Books when you input it all manually.  I'd like for my people to be able to quote right inside the software and have it line up with my pricing sheet I have now.  Problem is my pricing sheet is based off REAL numbers and not downloaded numbers that almost NOBODY pays in the real world.

[Ryan]

I use the numbers off my software. The difference between sale price and wholesale is just extra I make. I don't account for sale prices. Thats just a bonus in my book. I am also under the assumption that all the pricing is correct and up to date in the software.
~Ryan

[TCT]

With PriceIt it is a easy update. I usually update when there is a new one out. Otherwise on styles we go through a lot of I will check on those monthly or so. But like Ryan, sale price is just more profit! The only time I really take sale price into account is when we are bidding on a 300+ job. You work hard, keep the extra coin!

[Gilligan]

Well, it's not like my pricing structure is leaving money on the table.

I'm just starting from a different point.  The only problem I see with adjusting my matrix is on more expensive items that don't go on sale often will be actually cheaper and I will be leaving money on the table because my printing prices will be lower to arrive at the same price I charge now.

If I charge $8.50 for a shirt now that cost me $2 bucks then my printing is 5.50 (I have a 50% mark up).  If I factor in a $2.50 cent price for the shirt, well then now I will charge 5.25 for the print.  So now for a shirt that cost me $6 bucks my final price would have been 14.50 but now it would be $14.25.  I think I got that right.

So changing the pricing in this manner would actually yield me LESS money.

[sweetts]

I use the numbers off my software. The difference between sale price and wholesale is just extra I make. I don't account for sale prices. Thats just a bonus in my book. I am also under the assumption that all the pricing is correct and up to date in the software.
~Ryan

yep if there is a sale I keep the profits


RT Screen Designs
www.rtscreendesigns.com