Retail pricing software that protects your margin

You need the current shelf price and the cost you actually paid for the units you are holding now, not the cost from the last time anyone checked. Esplanda takes cost from received deliveries, including any correction found when the invoice was matched, and works out margin per item, per category and per supplier from that.

Almost always because costs moved and prices did not. Supplier increases arrive one item at a time, buried in the middle column of an invoice, and the shelf tag stays where it was until someone notices. On a catalog of a few thousand items that drift is invisible in a monthly profit figure, but very visible item by item.

A stale shelf tag is a price that was set against a cost you no longer pay. You find them by comparing every item's current cost with the cost in force when its price was last changed, and ranking the gaps by units sold. Esplanda does that continuously and shows the worst first, because a two percent cost rise on a top-ten item matters more than a twenty percent rise on something that sells twice a year.

No. Esplanda recommends increases where cost has moved and nobody is watching, and decreases where you are above the local market on something customers actually price-check. On most catalogs the increases on unchecked items are worth more than the reductions on checked ones, but both appear.

Yes, and it is a hard boundary however much of the pricing work you hand over. You set an overall floor margin, and a different floor by category if you like. No price is recommended or applied below that floor under any circumstance, including when a competitor sells below your cost.

Yes, within your floors and price rules, if that is how you set it up. Leave it on approval instead and every price change waits for one tap. Either way, a move that would cross a floor becomes an approval request, and every change is logged with the reason it was made.

Compare units sold and gross profit for that item before and after the change, over a comparable period, and check the items around it in case the basket moved rather than the item. Esplanda stores each price change with its prediction and then measures the actual result. A change on a slow mover or in a noisy week is marked as not measurable and kept out of the dollar total.

Both ways. Keep the register you have, or use ours. Esplanda POS is free and the better path for pricing, because an approved price is live at the counter at once, with no export and no drift. Esplanda also connects to Square, Clover, Lightspeed and KORONA, and pushes approved prices to that register. Margin from received cost runs in the free Esplanda POS; watching nearby prices is Competitor Intelligence, $299 per location per month.