In your business, you may offer certain customers special prices on different groups of items. For example, you have a group of customers you call DIYers and you give them a special price of 10% off retail on certain items. You also have another group of customers, contractors, whose special price is 25% above cost on certain items.
On your system, this type of special pricing is called matrix pricing. You'll set up matrix pricing using a grid that defines the discount structure and then you code the items to which you want the special pricing to apply. Next you'll activate the pricing structure to calculate the matrix prices for the item. And then you tell the system which customers receive the matrix pricing by giving them a code.
There are five things you need to do to set up matrix pricing. Complete the following in this order:
Define your customer groups, up to five groups can be set up. Click here to go to that topic.
Define the product codes and special pricing structure using the Price Matrix Maintenance window (MPM). Click here to go to that topic.
Code the items in Inventory Maintenance, the Product Code field on the Codes tab. Click here to go to that topic.
Calculate and activate the prices. Click here to go to that topic.
Code the customers in Customer Maintenance. Click here to go to that topic.