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Wherehouse supports two different repricing approaches: Fixed range and Cost-based. Each approach has its own advantages and is suited to different pricing strategies. Understanding the key differences can help you determine which method best aligns with your business goals.
What is the Fixed range repricer?
The Fixed Range Repricer allows you to set a static price range within which your product price can fluctuate. You define the minimum and preferred prices manually, and the repricer ensures your offer price remains within these boundaries. This approach is ideal if you want precise control over pricing but requires manual adjustments when costs or market conditions change.
Key Benefits:
- Easy to set up with minimal input required
- Maintains pricing within a controlled range
Potential Drawbacks:
- Requires manual updates if costs change
What is the Cost-Based Repricer?
The Cost-Based Repricer dynamically adjusts your offer prices by ensuring that you maintain a set profit margin. You define your minimum profit and preferred profit as percentages, and the system calculates your price by factoring in:
- Product cost price
- Marketplace fees
- Shipping costs to the marketplace
This approach ensures that your pricing automatically adapts to cost fluctuations while maintaining your desired profitability.
Key Benefits:
- Guarantees profit margins
- Adjusts automatically when costs change
- Reduces the need for manual updates
Potential Drawbacks:
- Requires accurate cost data to exist in your ERP