Use Profit Maximiser to build strategies and see the impact of these on your business based on Sales from previous years.
How to use Profit Maximiser
| 1 | From the Striven menu, click on Management Profit Maximiser Profit Maximiser |  |
| 2 | New Strategy To create a new Strategy, press the F3 - New button which is on the toolbar at the bottom. Enter in a Strategy Name and Sort Order. |   |
| 3 | Load Existing Strategy Press F7 - Load Strategy to load a predefined strategy. |  |
| 4 | Enter in the filters in the Product Filter area by clicking on the red arrow. Filters could be where you only wish to see products from a particular department, or supplier or bin location. You can add as many filters as you wish. On the right of the product filter list, there is an additional list where it gives you the ability to add additional product conditions. An additional product condition could be: only show if the products retail price is less than the Supplier RRP. Or only show if the Retail Price is less than a competitor price. |   |
| 5 | In the Action tab, this is where you can see what you wish the system to do on the range of items defined in the Filter tab. This is where you could set the Retail Price to be the same as the Supplier RRP Or, set the Retail Price to be a Competitors Price + 1% You can add as many Actions as you wish. |  |
| 6 | Press F6 - Save to save this Strategy so you can come back to it at any time. | |
| 7 | Press F5 - Refresh to display the products based on the filtering you entered. You can review what prices the system wishes to set in the "New Retail Inc" column (yellow column). Note: if you have a Rounding Table setup on the stock items, it will take these into account. The blue columns on the right display what your sales this year could be based on last years sales. There is a total displayed at the bottom. You can click on any header row in the grid to sort in that order. This is handy on the Retail Diff % column so you can look at the items that have the largest (or smallest) change first.
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| 8 | Click on the Summary tab for a graph displaying each month potential sales based on last years sales. |  |
| 9 | Once you have reviewed the changes, you can move these new retail prices into the Pending area by pressing F9 - Save. Ensure you fill in the required Update code at the top right side if you wish these prices to go into Pending. Otherwise leave it blank and these prices will be activated immediately.
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| 10 | Then print your labels and activate your pending prices. |
Competitor Prices
If a competitor price is available you can review them by clicking on the + icon on the left of the stock code.
Sample Strategies
What is - I adjusted any prices where by current Retail Price is LESS THAN Bunnings
Create a strategy to only show any ACTIVE products where the retail is less than the Bunnings price.
Item | Image |
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Press F3 - New. Click on the Strategy Name field and type in: Match if my price is LESS THAN Bunnings |  |
In the Filter tab, click on the red dot and add a filter: |  |
Click on the Action tab. This is what do you want it to do to the products that have been filtered. Click on the red dot, and change the following: Field: Price Retail Operator: Base +% Base Field: Bunnings Price Value: 0.00 |  |
On the right click on Product Condition tab. Add the following filters: #1 Price Retail < Less Than Bunnings Price #2 Bunnings Price '<> Not Equal Value 0.00 |  |
Press F9 to save | |
Now press F5 to Refresh Stock and all the products that were in that filter are now shown. The Next Year Sales Inc is the estimated sales based on the last 12 months. |  |
You can review details about the Competitor prices by clicking on the + next to the stock code. |  |
Click on the Summary tab to show the Month by Month breakdown. |  |
To set these new prices into Pending, click on the F6 - Activate Price Stategy. These prices are now sent to the Pending area for you to review |  |
Those prices are now in the Pending area for you to review or change the prices. |  |
What is - I adjusted any prices where by current Retail Price is HIGHER THAN Bunnings
Create a strategy to only show any ACTIVE products where the retail is higher than the Bunnings price.
Item | Image |
|---|---|
Press F3 - New. Click on the Strategy Name field and type in: Match Bunnings if higher |
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In the Filter tab, click on the red dot and add a filter:
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Click on the Action tab. This is what do you want it to do to the products that have been filtered. Click on the red dot, and change the following: Field: Price Retail Operator: Base +% Base Field: Bunnings Price Value: 0.00 |
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On the right hand side, put the following filters into the Product Condition tab. We need to create 2 Filters. #1: Price Retail > Greater than Price Match Bunnings #2: Price Match Bunnings <> Not Equal Value 0.00 |  |
Press F9 to save |
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Now press F5 to Refresh Stock and all the products that were in that filter are now shown. The Next Year Sales Inc is the estimated sales based on the last 12 months. |  |
You can review details about the Competitor prices by clicking on the + next to the stock code. |
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Click on the Summary tab to show the Month by Month breakdown. |
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To set these new prices into Pending, click on the F6 - Activate Price Stategy. These prices are now sent to the Pending area for you to review |
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Those prices are now in the Pending area for you to review or change the prices. |
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What if - Increase Markup by 10% over a range of product
Here is an example strategy to see what would occur if the markup was increased by 10% on all products in a DEMO Sub Fineline.
Item | Image |
|---|---|
Press F3 - New. Strategy Name: What if - Increase Markup by 10% |  |
In the Filter tab, click on the red dot and add a filter, such as Department or Supplier. I have added a Sub Fineline Code = DEMO |  |
Click on the Action tab. This is what do you want it to do to the products that have been filter. In this example, I want to increase the Markup by 10% and set the Rounding Table to STD |  |
Press F9 to save | |
Now press F5 to Refresh Stock and all the products that were in that filter are now shown. The Next Year Sales Inc is the estimated sales based on the last 12 months. |  |
Click on the Summary tab to show the Month by Month breakdown. | |
To set these new prices into Pending, click on the F6 - Activate Price Stategy. These prices are now sent to the Pending area for you to review | |
Those prices are now in the Pending area for you to review or change the prices. | |