FF&EZ includes a Pricing Tool that can be used to mark up, adjust and protect the sell prices of groups of specifications in a project. When pricing FF&E for sales, some designers or salespersons may set prices using a specific markup for certain types of products. Other people may simply set prices automatically with a project-wide markup (also entered on the project screen) while others may only set prices manually for each specification, adjusting them for psychological "attractiveness." No matter what approach you use, you will find that the pricing tool can make the task of managing prices much easier, including setting "psychological pricing."
This post and video describes how this new utility is used and some of the things that you can accomplish with it.
Before we start, let's review how pricing works in FF&EZ:
To the basic capabilities described above, with the Pricing Tool you can also:
One of situations that this tool helps manage is where you are building a quote to a client who may only buy a portion of what you include (the "my brother-in-law is in the mattress business" problem). If you suspect that a certain class of products may be "shopped out," within a few moments you can easily reduce your profit margin in those and make it up elsewhere in items the client is more likely to buy from you. This preserves the overall target price you will present, while protecting more of your potential profit.