Overview

The Re-Cost and Re-Price Items process in The Edge POS system allows for efficient updating of item costs and retail prices in bulk. This process is crucial for adjusting prices due to changes in costs, such as material price fluctuations or seasonal markups/markdowns.

Key features of this process include:

Setting Criteria for Repricing: Define specific items for re-costing or re-pricing by using filters based on department, supplier, or other item characteristics.

Selecting Pricing Adjustments: Choose from multiple pricing methods, such as using multipliers or age-based markdowns, to automate price changes across selected items.

Applying Multipliers and Criteria: Use the multipliers tab to apply different adjustments based on item age or other factors, enabling flexibility in price changes.

Finalizing Changes: Review proposed changes carefully, as adjustments cannot be undone. Print a backup list for reference if needed.

Optional Ticket Printing: Once prices are updated, print updated price tickets as needed to reflect new pricing on the sales floor.

This process ensures that all stores have synchronized pricing data, maintaining consistency across locations and adapting to market conditions efficiently.

How to Re-Cost / Re-Price

To re-cost items, follow these steps from the Administrative menu:

1. Go to Administrative ► Reprice Items.

This will open a warning screen about Synchronising your stores. 

This message box is reminding you to ensure that your stores are synchronising for the Re-Cost/Re-Price changes to take effect across all locations. To verify this, check the Edge Store Monitor to ensure that the stores are synchronised. If you're uncertain, please contact support for assistance.

2. Click OK - This will open the Reprice Items screen with the Criteria tab already selected.
   

Note: By default, the Current Price is set to be updated using the Retail x Age Markdown. Please ensure you make the correct selection in this section for the prices you wish to update. If you do not want to update the Current Price, select No Change in the Current Price section.

3. Use the Item filter on the Criteria tab press the Down arrow to open the search parameters screen. 
4. On this screen, you can set the parameters to identify the items you wish to re-cost or re-price. Once the parameters are set, click OK to proceed.
   

3. In the Criteria section, select the prices or costs you wish to adjust. Below is an explanation of each selection:
   

* Denotes the default options are automatically selected when opening the Reprice Items utility.

Note: If you are managing multiple price books, you can only change one price book per run of the utility. Make your selection at the top right of the screen, under the Item Filter.

6. At the bottom of the screen, decide whether to apply Psychological Pricing to the price changes. This is configured in the Department Pricing tab.
7. Choose if you wish to print tickets, specify the number of tickets to print by selecting the relevant radio button.

8. Switch to the Multipliers tab.

Note: Only use the Multipliers tab if you have selected an option in the Criteria section that requires the multipliers to be filled in. Otherwise, proceed directly to Step 9.

• In the left column, select a date to re-cost items older than the specified time.
• In the right column, enter a factor to adjust the cost.

Example: If you select a date 30 days ago in the Older Than field and input 1.2 under Factor, items older than 30 days will have their cost/price increased by 20%. Or as per your selection in the Criteria Tab

Hint: You can type numbers directly into the Older Than field. For example, entering -30 will automatically calculate the date for items older than 30 days.

9. Click OK.
   A list of items matching your criteria will be displayed, showing both the current and updated information.

• To finalise all changes, select Check All.
• Alternatively, select the specific items you wish to modify.

WARNING: Review the changes carefully before finalising, as there is no undo option. It is recommended to use Print List for backup and future reference.

10. If you selected to print tickets, they can now be printed from the Print Ticket Queue.