In the rapidly changing world of wholesale distribution, an efficient and effective pricing strategy is critical to the success of any business. When it comes to pricing management, Epicor P21 is one of the best software solutions on the market. In this blog, we take a closer look at how this powerful software handles pricing and the benefits it can have for businesses in the distribution sector.

One of the key features of Epicor P21 is the ability to manage pricing at different levels. This means that companies can set prices for their inventory items as well as for different types of customers. This feature allows companies to easily create customer-specific pricing so that each customer is offered the best price based on their purchasing history and needs. To achieve this, Epicor P21 includes a robust set of tools for setting and managing pricing rules. These rules can be defined based on various criteria such as customer type, product category, or purchasing volume. This allows companies to easily set different discounts and surcharges for different customers to maintain competitive prices while maximizing profits.

In addition to rule-based pricing, Epicor P21 also offers a pricing matrix feature. This feature allows companies to create a pricing matrix for different combinations of customers and products. By setting different prices for different customer groups and products, companies can easily manage and maintain a complex pricing strategy.

For companies with customer contracts or supplier agreements, Epicor P21 offers a comprehensive contract pricing module. This module allows companies to create and manage contracts, set special prices for customers or suppliers, and track contract expirations and renewals. This module allows companies to ensure they are complying with their agreements while maintaining accurate and consistent pricing.

In short, Epicor P21 is a robust and versatile solution for companies in the distribution sector, especially when it comes to pricing management. The various pricing features allow companies to set and manage prices at different levels, thus maintaining their competitiveness while maximizing profitability. With Epicor P21, companies can easily streamline their pricing processes and gain a competitive advantage in the market.