Technology provider Bransom has responded to the need to make the control of price markups for multiple pricing structures more efficient by introducing the Price Matrix Module.
With the multiple sales channels now available, it is becoming more vital for retailers to have several prices structured in their stock management system to cater for varying prices for high-street and online stores, seasonal sales, staff purchases, prices for alternate stores and wholesale selling prices.
To make this more efficient for its bsmart2 system clients, Bransom Retail Systems has introduced the Price Matrix Module, where more options to set prices have been added to the established functions which enable the user to set and calculate prices based on a default markup factor.
These may then be applied conditionally to all items, to selected groups or departments or even applied on an individual supplier basis so all items from that supplier override the default markup. This could be, for example, setting prices for a supplier’s premium range differently from its standard range.
Various combinations of supplier, department and sub-department may be configured, each with its own overriding markup.
Where items are in a sale, the matrix will also allow a ‘was/now’ pricing display to be used on pad labels to illustrate the offer.
With this flexibility in managing pricing, Bransom aims to limit the time retailers spend calculating prices so they can spend more time on the business of retail.
In addition, Bransom has also introduced daily mail alerts so retailers no long need to access back-office systems and reports to get a view of store sales.
With Bransom’s Live Sales Analyser module, store owners and managers can now have a summary of a store’s sales automatically emailed to them daily, so they can instantly review the overall performance from each store in their portfolio.
A similar email alert can be sent when a single transaction over a preset threshold is made, for example any sales over £500. These thresholds are configurable on a per-store basis, so can be tailored to different store profiles according to the type of product sold. Emails may be sent to several recipients.
As an add-on module to Bransom’s bsmart2 Stock Management & EPoS system, the Live Sales Analyser is an online tool which provides a simple web interface to the store’s tills to instantly report sales performance against preset targets by store, staff and product. Best sellers can be quickly identified, as can any discounted sales or refunds. A breakdown of data can also be provided for each till in a store.