Top 5 reasons why distributors need a software for pricing and margin management?
- Get constantly fluctuating selling prices updated instantly and achieve the best price control to protect margins.
- Manage price control across outlets by setting selling prices that are location-specific to attain the best profits
- Analyze customer buying history and plan pricing specific to customers to make them return, boost sales, and achieve better margins.
- Gain flexibility in applying different types of taxes while billing to achieve agile control in setting selling prices and to achieve the best profitable margin.
- Get warning messages when a minimum margin price is reached to fix the right selling prices and the right margins.
Manage price fluctuations
Location specific prices
Boost sales strategically
Update taxes instantly
Alerts for lesser margins
Benefits of using Gofrugal's distributor margin management system
Attract more customers and optimize margins
Attract more customers
Classify customers broadly based on their businesses. By setting variable selling prices with options for customer type, branch, and area, you can entice customers to return and sell beyond distributor margins.
Get alerted and sell with the right margins
Sell with the right margins
Set item-wise margins, get warned if the billing price of the items goes below margins, and ensure the best cash flow. With visibility of price lists with margins through reports, you can get insights about expected profit limits that are item-specific.
Run campaigns and offers, and improve profits
Attain more profits
Find built-in combinations of over 70 offers to run seasonal campaigns for a predefined period. You can also apply discounts while billing based on a customer's purchase history and manage pricing efficiently to satisfy customers, sell more, and improve margins.
Key features of Gofrugal's distribution pricing management system
Multi-rate settings
Configure various grades with predefined margins and map them to customers to make them shop more and improve profits.
Alerts for minimum margin
Fix margins specific to each item and get alerted with warning messages when the minimum margin is reached for precise control of selling prices.
Price lists with margins
Gain visibility of price lists with retailer and stockist margins through reports for actionable insights and to fix the right selling prices.
Grade-wise pricing
Categorize customers based on their business type, frequency of visits, or average purchasing potential and fix selling prices accordingly and boost sales.
Autoload sales history
Gain knowledge of customers' purchase patterns from previous sales history auto-loaded into the system and plan prices instantly and accurately.
Retain sales order prices
Retain sales order prices while creating a sales bill and enhance customer trust to make them order more and improve margins.
Set offers and discounts
Set offers for a specified period based on bill amount, quantity, or volume. Apply discounts for items even while preparing the sales bill, make customers purchase more, and protect margins.
Automate profit calculations
Get profit calculations done manually with cost rate, purchase rate, and sale rate with or without free quantities based on your customer's business. Also, set a predetermined value for the minimum margin.
Listen to what our customer has to say
Managing margins seamlessly with customer-wise rate setting helped us gain more profits. GST updates are immediately incorporated in the software and the processes are clearly explained through self-explanatory videos. With Gofrugal's control and pricing software, we are able to enhance our customer base and sell more.
Adithya Kothari, Proprietor,
Adithya Pharmex, Chennai
With multi-tax support, set prices based on the elasticity of supply or demand to attain the best margin
Be GST complaint
Get GST rates updated based on government norms. Choose the GST on freight charges and apply it in the sales bill with Gofrugal control price and margin software.
Comply with regulations
Create VAT tax for local and interstate transactions, respectively. Choose to add tax for free quantities with Gofrugal's control price and margin software efficiently.
WhatsNow
Get real-time business data on the go and take actionable insights to protect your margins
Learn more
Sales for today
Current stock
Item price list
Overview of pricing and margin management software
What is distributor pricing management software?
Distributor margin refers to the percentage of the sales price that a distributor earns from selling a product from the supplier or manufacturer. This margin can range from 3% to 30% depending on the product type and the tasks performed by the distributor's efforts to market the product.
Distribution pricing is the process of fixing selling prices to earn the best margin and to earn more profits. The distribution pricing management software helps provide automated procedures for attaining the best margins, both to strengthen customer base and to attain the best ROI.
What is the importance of a margin and pricing strategy in distribution industries?
Unlike retail businesses, the survival and growth of a distribution business depends on the margin, as effective profit depends on the sharing of returns with various stakeholders, including retailers, value-added sellers, and end customers. Well-planned strategies by way of setting offers, discounts, and loyalty programs will attract more customers and improve margins and ultimately the net profit of the distribution businesses. Gofrugal's control and price margin system equips distributors and wholesalers with automated and predefined procedures for planning optimized prices that would satisfy wholesalers and end customers.
How do I calculate margin in a distribution business?
- Calculate the selling price. Select the base unit precisely and maintain consistency in it.
- By fixing the manufacturer suggested retail price (MSRP), you can decide the margin that can be shared by a distributor and retailer.
- The more the quantity or price of the order, the better the margin will be.
- Other hidden costs incurred may include the cost of returns due to damages and loss and precise packing procedures that are followed. These should also be included in the cost calculation.
How much does Gofrugal's distributor pricing and margin management software cost?
Gofrugal's control price and margin software is the best solution to cater to all distribution and wholesale businesses. This comes as a module, and its availability and pricing depends on the edition of the platform (starter, standard, and professional).
Click here to learn more about the plans and pricing details.
Can I try the software before I buy it?
You can definitely try the software and get all your questions answered and get the necessary clarity to purchase the distribution pricing management solution.
Try Gofrugal for free