This guide explains how to manage Automated Markups from the Markups tab, how they apply to Inventory items, and how the system decides which markup to use.
Markups Tab
The Markups tab gives you a centralized view of all the markups you've created, making it easy to review, manage, and update them as needed. This is the primary place to create and manage Automated Markups.
To open it, go to the App Launcher and select Markups.
From this tab, you can easily browse all Automated Markups in one place, without needing to navigate through each vendor profile. It's a faster way to review and manage Automated Markups.
Add an Automated Markup
1. Open the Markups tab from the App Launcher.
2. Click New.
3. Fill in the required fields:
Category
Vendor
Pricing Tier (Retail, Wholesale, Online, or Memo)
Default Markup
Min Cost
4. Click Save.
Add a Markup from the Vendors tab
You can also add markup rules directly from a vendor record.
1. Open the Vendors tab.
2. Select the vendor you want to configure.
3. Open the Markups section.
4. Click New.
5. Fill in all required fields in one form:
Category
Vendor
Pricing Tier (Retail, Wholesale, Online, or Memo)
Default Markup
Min Cost
6. Click Save.
Now you can set up the default markup in your Inventory items.
Use Automated Markups in Inventory Items
1. Click New in the Inventory tab to create a new Inventory item, or open an existing item to edit it.
2. If creating a new item, select the Category (1) and Vendor (2).
3. Enter a Cost that is equal to or higher than the Markup Min Cost (3).
4. The default markup will then be applied automatically based on your configured rules (4).
Markup Priority Logic
When calculating the default markup, the system selects the most specific applicable rule based on the data you have provided. The priority is evaluated from most specific to least specific.
How the System Chooses Which Markup to Use
The system always tries to use the markup rule that fits your item best. It starts with the most specific match and works down to the most general one.
Category + Vendor + Min Cost
This is the rule the system prefers. It is used when your item matches the Category, matches the Vendor, and the cost fits the Min Cost requirements.Category + Min Cost
Used when the Category matches and the cost fits, but there is no rule that also includes the Vendor.Vendor + Min Cost
Used when the Vendor matches and the cost fits, but there is no more detailed Category rule to apply.Min Cost only
Used when only the cost fits, and nothing else matches. This is the fallback option.
Example of How Markup Priority Works
Imagine you have a ring from Vendor A in the Rings category, and its cost is high enough to match the Min Cost you set.
You may have several markup rules that could apply. The system will choose the most specific one:
If you created a rule for Earrings - Metal + Vendor A + Min Cost
The system uses this rule first because it matches everything about the item.If that rule doesn’t exist, but you have a rule for Earrings - Metal + Min Cost
The system uses this one because the category and cost match.If that also doesn’t exist, but you have a rule for Vendor A + Min Cost
The system uses the vendor-based rule since the vendor and cost match.If none of the above rules exist, but you have a Min Cost only rule
The system uses this general rule as a last option.