Markup/Markdown feature in Retail POS

Markup/Markdown menu is the screen where business owner can auto fix their rates based on their required margin.

• Most commonly this will be created by supplier wise or category wise.
• Based on this formula, price details will auto loaded in purchase entry.
  • Ex- if we configure formula for MRP and selling rate markup/markdown screen, then in purchase entry, once the cost rate is entered then MRP & Selling rate will be auto loaded based on the given formula.

Business rules

• There is a menu called markup/markdown under inventory module, User should go to that markup/mark down menu to create auto rate.
• In markup/mark down screen user should select supplier or category to load the respective required items in screen.
• Items which is mapped under selected supplier or category will load automatically in list, select items from the list to map formula.
• User should enter formula for each loaded item by item wise.
• To create formula user should select markup/markdown from drop down option list first,
• Then user should select type from drop down option list (Markup selling, Markup selling & MRP, Mark down selling, Markdown selling & Cost rate or Markdown cost rate),
  • Markup selling – Need to auto calculate selling price from cost rate or landing cost.
  • Markup selling & MRP – Need to auto calculate selling price & MRP price from cost rate or landing cost.
  • Markdown selling – Need to calculate selling price from MRP or margin.
  • Markdown selling & cost rate – Need to calculate selling price & cost rate from MRP or margin.
  • markdown cost rate – Need to calculate cost rate from MRP or selling.
• Once above two selection is done by user, then user will select selling based on and MRP based on/cost based on (MRP, margin, selling, cost rate, landing cost).
• After that user should select amount/percentage and Enter value for auto calculation of required rate.
• Then user will select option for round off (near,upper,lower,none) for all items and enter round of value in paise (Ex:100 paise)
• Once user entered all the above details, user will save the details by using the function key called “save”.
• In this screen, when user load the items for auto rate fix formula update, only the items which is not mapped with any formula will load automatically.
• To edit or remove any formula created items from the list, user will click on the function key called “edit” and select the items which user wants to remove or edit the formula by pressing check box and press delete in keyboard to remove, for edit enter new formula and click “save” function key.
• Once this formula is created, there should be the configuration setting to make auto fix rate as default way to fix the rates in purchase entry, So every time invoice items price changes, the system will load other prices automatically from the formula given.
• Auto loaded items should not be edited by GRN user. Also system should have configuration to enable the permission to edit the fixed rate.
• When user edit the fixed auto rate in purchase entry, already created markup/markdown formula should not be affected.