Activating Markdown Price Phases and Monitoring the Results
Use
Price phases are not in effect until you activate them. You can choose to activate some articles and not others, or only some price phases for a given article. You can also activate prices either at the store level, price list level, or the distribution chain level.
Before the sales prices are activated, margins and markups are only calculated from the purchase price and planned sales price within the Markdown Planning component. When sales prices are activated, the full Retail calculation program is executed in the background, taking into account all other conditions that may be applicable, including any price point tables that may exist.
After you select the price phases and choose Activate, a different screen appears. When you execute the program, the system displays a list of the articles that it was able to activate successfully. Any article that it was unable to activate will be highlighted in red.
Activities
Making Changes
Once the plan has started, the system will automatically update the actual revenues as time passes. Planned and actual statistics for each article are displayed on the same screen: current sales revenue, number of weeks-on-hand, current inventory and value, amount of open purchase orders, etc. By analyzing the constantly updated statistics, you can decide whether you need to modify any part of the markdown plan. You can make modifications at any time, even adding or deleting price phases.
Background Processing
The following reports are available for background processing:
For more information, see
Background Processing: Markdown Price Phase Activation