Reprice Many Inventory Items or Entire Departments or All Items from a Vendor
If you want to reprice one Sku or one Style, see this help topic: Reprice Individual Items
With the Reprice Inventory feature, you can reprice several or many inventory items at the same time, such as repricing all Gold Bands, or all Stuller inventory.
In addition to changing the prices, the same steps here can be used for changing the wholesale cost values, but if you want to change both the selling prices and the wholesale cost values, you'll need to do that in two separate steps.
First, select What Type of Reprice to be done.
You can choose to increase (or decrease) the existing price or cost by a percentage, or you could assign new prices being a multiple of the cost.
For the Percent and Markup methods, you can also choose how you want the resulting calculations to be rounded in terms of dollars and cents.
The New Single Price or New Single Cost options allow you to assign a single price to many different items, e.g. $45 to all Parker Sons Silver Charms.
In all of these cases, you will have the ability to preview the price or cost changes and to adjust them on an individual basis.
The Manual Reprice choice is designed to not apply any price change automatically, but to let you directly adjust the prices of a list existing items. E.g. "Show me all the used Rolexes and let me adjust them one by one in the list."
The Markup by Major Class or Vendor or Price-Point choice is designed to apply your various different markup formulas depending on each item's category. I.e. if you revise the markup formulas
in the major class codes and vendor profiles screens, each of which can have different formulas, you can revise prices across the board instead of repricing each section of inventory separately.
With this last reprice option, as usual, the markup in the vendor profile takes priority. For vendors without a special markup, the markup formula will come from the major class code profile. If there is a markup in neither the vendor nor the major class, then the Price-Point markups will be used. (These are set up in Preferences under the Inventory section, but they are rarely used as most major codes have a markup.
You can select which part of the inventory list to reprice, such as All Rings or all Stuller items, or All Items Over 4 Years Old, etc.
Choose Start Review . . .
. . . and on the next page you will see the list of the items you selected as well as a preview of the new prices. The price changes have not yet been applied.
If the current reprice operation is a percentage increase or decrease, the percentage you previously select is shown, but you can try different percentages to preview the results. E.g. type in 9.5 and click Apply. You can try a few different percentages to see the different results.
You can add a note in the Reprice Comment box that will be added to the adjustment history of each adjusted item.
If you want to be able to manually adjust each price, check the box Enable Price Editing Above.
If you want to skip certain items (to not reprice them), uncheck the box next to those items in the left-most column.
If you want to print new price tags after applying the price changes, check the box Print Tags After Repricing. note that this won't instantly send all the tag requests to the printer, it'll take you to the tag printing screen where you can stop and check the settings.
In order to confirm that you want to apply all the price or cost changes, you have to type something like REPRICE 25 SKUS in the confirmation box.