Automatically calculate markup
We (like many other repair shops) use a standard markup strategy and pricing chart. It would be awesome to have an option in inventory to use a set markup rate, or use a pre-selected markup option.
By this, I mean you could have a few price ranges with corresponding markup rates, like: Parts that cost $1-$25 have a 100% markup, parts $26-50 are 60%, $51-100 is 30%, and $100+ are 20%. The other option (if not global like previously mentioned) would be item #65484 has an auto-markup of 25%, or alternatively $15.
This would take almost all of the work out of techs having to calculate markup, sometimes incorrectly.
We just released a Feature Friday covering the new Inventory Markup update. Find more here:
Keith Page commented
A good step forward thank you!
I would suggest that in addition to the global default that categories should have a markup attribute.
This permits you to say all Cables should be marked up 80% while all hard drives might be marked up 30%.
This would streamline business!
We need this.
We should be able to choose the adjustable cost spread then the % to apply to that spread.
Have it round to the nearest whole dollar amount option too.
keeping it from making parts have an odd price, like $37.42 just round to $37.00
This would give the techs more time to do repairs.
Logan Shelts commented
Hi I need this feature like yesterday please. Please bring this to the estimates.
Angel PC 911 commented
Still under review since Mar 2014?
Keep wishing @Patrick
Patrick T Presto commented
So this has been under review since 2014 ... I feel like this would be an easy option to add and save tons of time. Even if it was not as robust as the OP describes it would be better than having to manually calculate retail price for each inventory item.
I was just adding this to feedback when I saw this in the side panel. Please make this a thing. It'll stop me having to open the calculator and copy/paste half a dozen times for non-stocked items.
Ola Fristedt commented
Please make this happen!
YES! Go and tell 'em @UberMac! 50 months and counting! Talk<Action.
Also @Troy bby plz, this is on my short list ;)
UberMac Headquarters commented
Hey Repairshopr. 41 votes and a 4 year old "Under Review" situation. I too want this feature. We are paying customers, can we get an answer to this please? This seems to be an easy implementation. Helllllo?
Rob, Smart Service Solutions commented
This is taking a long time to review... any update on this?
I just redirected like 5 duplicate requests for this to this topic :)
@RS: This appears to be a duplicate of a similar idea. Please redirect votes here: http://feedback.repairshopr.com/forums/165658-general/suggestions/5531550-automatically-calculate-markup
Seby Bell commented
I was just getting ready to make a suggestion that the 'markup' percentage field on the 'add inventory' screen would allow us to enter our desired markup percentage and automatically fill the Retail Price field
harvey mindel commented
Its very nice that we can create an estimate/invoice/ticket and see the cost of an inventory item on the screen. However we need to be able to add multiple items (including labor) and see our total cost vs profit on the screen. We quote complex goods and services every day and we are in business for a profit. We must be able to review cost vs profit throughout repairshopr. I saw this was planned. Do we have anything definitive in the works?
Keith Page commented
Out of vote, but also would like auto markups. POs are always changing costs but retail price doesn't move with it.
CCW Technology commented
Any updates on this... seems like it's been 'under review' for a while now.
Bill Moore commented
This would definitely be useful on the estimates screen so you can see your profit in $ per item and adjust your sales price up or down instead of manually calculating your per item profit.
Paul Schwegler commented
I would love to see an automatic markup like described above calculated when I put a number into the cost field in tickets, estimates, and invoices. this would be very helpful
James Vincent commented
this would be very useful on the create invoice screen. That way we can see if we can apply discounts for people or not.