Price Tags allow for clients to offer volume-based discounts to customers based on purchase quantities. To create price tags, you must first navigate to the Product Management Block and then select the Price Tags Block.
Price Tag Groups
To start, choose the Add Price Tag Group button. Price Tag Groups provide a way to manage/group individual price tags so that clients can organize tags they feel are related to each other. Groups are purely a method for organizing related tags and ensuring that those tags are all applied to inventory in the same way.
Enter the name of your group, a brief description, and select whether the group configuration is for All Inventory or Inventory of Product:
All Inventory - When the All Inventory is selected as the group configuration, the price tags in the group will all apply to all inventory with the price tag, regardless of what the product is. This is similar to the Mix N' Match or Tiered Pricing models, where customers could mix and match any products to qualify for a better price.
Inventory of a Product - When the Inventory of a Product is selected as the group configuration, the price tags in the group will only apply to inventory of the same product. This configuration is more similar to a traditional cumulative pricing model.
Once finished, click the Add Price Tag Group button!
Next, begin creating your Price Tags. Enter the tag name and the base (or, original) price of the product you would like to offer volume-based discounts for. Once finished, click the Save button. From here, you will be able to create discounts based on the volume, or quantity, of a product purchased.
Please Note: Tag pricing will override any other pricing configuration that may have previously been set on the inventory.
Here is an example for you:
We would like to offer volume-based discounts for Silver Tier Flower. Below, you can see the Price Tag Group and Price Tag that we've created:
You can see above that the base (or original) price for grams of Silver Tier Flower is $12.00. However, we would like to discount this price based on the quantity purchased. Next, we will click the Add Price button to configure those quantities. Below, we've configured discounts for purchases of Silver Tier Flower Grams in quantities of 1, 2, 3, 4, and 5. You can also see the discount applied for each individual gram, as well.
Connect Price Tags to Inventory
Once finished, you need to connect the Price Tag Group and Price Tags with that specific product. A Price Tag can be added to newly created inventory on an Inventory Shipment, or can be assigned to an existing inventory by editing the inventory.
Upon creation of your Inventory Shipment, you will be prompted to add inventory to the shipment before receiving. Once added, simply open the inventory form and navigate to the Pricing drop down section of the inventory form. Underneath Wholesale Cost and Sales Price buttons is the Add Price Tag button.
Here, you will first be prompted to select a Price Tag Group. Once the group is selected, users will be able to choose the individual Price Tag to assign to the inventory. When a Price Tag is selected, the associated pricing structure will display for reference. If you're satisfied with your selections, click Save!
To assign a Price Tag to existing inventory, navigate to the Product Management Block and then select the Manage Products Block. From here, search for the inventory you would like to apply a Price Tag to and open the inventory form.
Once opened, simply navigate to the Pricing drop down section of the inventory form.
Underneath Wholesale Cost and Sales Price buttons is the Add Price Tag button.
Here, you will first be prompted to select a Price Tag Group. Once the group is selected, users will be able to choose the individual Price Tag to assign to the inventory. When a Price Tag is selected, the associated pricing structure will display for reference. If you're satisfied with your edits, click Save!
What is 'Price Each' and why is that required instead of 'Total Price'?
Price each refers to the pre-tax subtotal of a single unit of inventory.
How do I view a list of inventory attached to a single price tag?
It may be helpful to see all the inventory that a single price tag, or even a group of price tags have been applied to. There is a filter within the Inventory Management Block that allows users to select a Price Tag(s) and view a list of all inventory with that price tag. Users can also obtain this information with certain reports.
How can I use the Current Inventory Report?
If there is a Price Tag assigned to inventory, the Price Tag and the Price Tag Group will be displayed in line with the inventory. The Retail Price column of the report will list the Sales Price of the Inventory. If there is a Price Tag assigned to the inventory, the sales price comes from the base price of the Price Tag.
How can I use the Product Sales Report?
The Original Price column will show the sales price (assigned from the Price Tag),while the Sales Price column shows the updated price each of the inventory. If the value in both columns is the same, it indicates that there was not a price adjustment for the inventory, either due to price tag application or manual price adjustment.
That’s pretty much all there is to managing volume-based discounts! If you have any further questions, feel free to reach us anytime by clicking on the help chat in the bottom left of your screen. We’re always happy to help!