Ability to Lock Markup Price

[StrivenAdmin]

Name of Feature/Request: Ability to Lock Markup Price

What financial, time savings, or quality of life improvements will occur from this: Have an option to lock on the markup % and then Striven would calculate both a cost and price with one variable inputted. | Frequency: During Operations

Attempted Solutions So Far: I will go into the item page and update the new price.
However, that will change the markup % as I have not updated the new cost just yet.
On the next purchase order or purchase order acknowledgement I add the new cost.
It will adjust the new price off the adjusted markup % from step 2.

Digging deep - Any additional Why behind this request / How was this accomplished before Striven in what system or software: Original Description: – Task generated via email having the following recipients: support@striven.com

JK-KCFireplace
September 18
I wish that markup could be a lockable %. For instance, when I get a price list from a vendor for just a few items; not a whole upload via .csv:I will go into the item page and update the new price.However, that will change the markup % as I have not updated the new cost just yet.On the next purchase order or purchase order acknowledgement I add the new cost.It will adjust the new price off the adjusted markup % from step 2.
I wish when changing at the item level I could have an OPTIONAL lock on the markup % and then Striven would calculate both a cost and price with one variable inputted.Visit Topic or reply to this email to respond.To unsubscribe from these emails, click here. –
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For more options, visit https://groups.google.com/a/striven.com/d/optout. | Previously accomplished: I will go into the item page and update the new price. However, that will change the markup % as I have not updated the new cost just yet. On the next purchase order or purchase order acknowledgement I add the new cost. It will adjust the new price off the adjusted markup % from step 2.

StrivenID: 4778428

[JK-KCFireplace]

I’m just following up on this and trying to get more community support. Maybe it’s only a big deal to me? I had more thoughts in a previous post before voting came out. @DBricker @Ckelly @chriscrest

Cost: Markup: Price: (lockable)

Just circling back on this, I really wish we could lock down the Markup % so it doesn’t get off and start throwing margins off. [image] We do some of our adjustments from Purchase Orders alone when the vendor notifies us without us having done a price update. So in addition to this lockable feature, I think it would also be helpful to have a screen that pops ups and says: [image] [image] This latter screen would also give me more confidence in knowing that the pricing model seems correct…

[DBricker]

Very soon, you’ll have the option of automatically keeping your hearth vendor pricing auto-updated. Labor auto-updates will come shortly after. All based on your markups and your actual fully loaded costs. Misc fees and upcharges I update by upload on a schedule.

One at a time leaves a messy book, random cents at MSRP due to rounding, and if you’re POs aren’t accurate when they go out, how do you confirm your vendor charged the correct amount? We audit every invoice that doesn’t match the PO, and I have 3 that consistently have inaccurate pricing.

What I would like to see for the oddball times that pops up is a calculator in those fields, like there already is in most of Striven. There was another place I found without a calculator but I can’t remember now where it was. That would make ensuring the relationship far easier.