Setting Up a Price Matrix

Setting up a price matrix includes creating cost ranges and defining how prices will be calculated for those ranges. Each matrix can have up to seven cost ranges.

To set up a price matrix

1. From the Inventory menu, select Price Matrix. The Price Matrix screen appears with the first matrix on the list selected (unless none have been set up).

2. Click Clear Matrix to reset the screen.

Note: This step is unnecessary for the first matrix you set up.

3. Type a name for the matrix.

4. For each range in the matrix, do the following:

a. Define the low and high cost amounts.

Note: Prices do not update when there are gaps between matrix ranges. Therefore, when you add the second range and any additional ranges to a matrix, the amount in the Low Cost field needs to match the amount in the High Cost field for the previous range.

b. For price changes based on a percentage, make sure Percent is selected. To change prices by a fixed dollar amount, select Amount.

c. Type the percentage or amount for the range.

5. When you’re finished setting up the matrix ranges, click Save Matrix.