Package Pricing for Rental Orders

Introduction

This is a WinTPS & WinTPOS; feature only.

Package pricing is a marketing tool to provide package rental order pricing to the rental operation for their retail stores and wholesale accounts. Typically the package would cost less than 'a la cart' pricing, i.e per rental style.

Package pricing is good tool to attempt to up sale customers on more expensive rental items and/or as special price incentives to drive them to the store. Advertised promotions and/or coupons can be a great motivator to drive customers to the store and to request the special pricing. When the customer asks for the special priced packages, the clerk can simply apply the package to a new or existing rental order from the order entry form. Package pricing codes requires frequent updating to insure it is in step with the current active promotions. This tool makes it easy for clerks to get the pricing correct!

Catalog Codes (as pictured codes) is another simple type of Package Pricing but cannot handle complex rental style combinations. A good practice is to NOT use Catalog Code discounts and Group Package pricing on the same order. Catalog Code markdowns are applied to the rental order and remain unless manually removed by the clerk. If both are used the rental order price may be too low.

Group Package Pricing is NOT required for rental orders. Many companies pricing requirements are satisfied with the WinTPS/TPOS standard with coat or without coat pricing found in inventory setup.

Package Pricing is accomplished by creating Price Group codes for coats and accessories, each with a retail and optional wholesale (used with WinTPS optional Accounts Receivable module) package price. Once created, accessory price group codes are linked to coat price group codes Finally, the Package Pricing codes are assigned to their appropriate inventory rental styles. Rental accessory styles must be classified as ACCESSORY rental item types before they can be linked to an accessory price group.

This is accomplished via the Item Type form.

Package Pricing works hand in hand with the style's price with coat and price without coat inventory rental pricing. By default the order is created utilizing the standard pricing. An operator may choose to apply a package price to the order by checking the Apply Package Price checkbox found on the Order-> Items tab. (Package Pricing may be removed as well by un-checking the box). When checked the per item rental price displayed on the order dynamically adjusts to reflect the package price.

Any changes to rental order pricing after the order is initially created results in an adjustment transaction being automatically placed upon the order's ticket. Toggling the order's Package Pricing setting after the order is saved will activate the order change logging when it is enabled within System settings-> rental tab-> Keep Order Change History.

A coat must be on the order with a package price code assigned to have access to any special package pricing. Steps to implement:

1) Create Coat Package price group codes with retail/wholesale prices. Any coat style linked to the code will be rented for the entered price when the package is applied on the rental order. 2) Create Accessory Package price group codes with prices. Each accessory style linked to the Accessory code will be rented for the entered price when the package is applied on the rental. Mixed item types, ie pants, shirts, vest, ties ..etc may be linked to the same accessory package code. Usually accessory styles of the same type, ie vests are linked to a particular Accessory Package Code. 3) Link Accessory Package price group codes to Coat package codes. A Coat Package code may have multiple accessory codes linked. ie SPG12SHOEG, SPG12VESTG 4) Assign the appropriate COAT or ACCESSORY Package Price Group Code to each style (a style is NOT required to have a price group code assigned) 5) Each COAT or ACCESSORY package price code has it's standard default retail/wholesale price, but as an option each may have store specific pricing as well. Example, a store located in a more affluent area may have higher package pricing than the rest of the store since prices may not be as sensitive. Create store specific pricing as necessary. 6) Create rental orders and check the Apply Package Price checkbox found on the order entry form to apply the package price. The Package Price Group price applied, i.e. Retail or Wholesale) is determined by the Pickup Location assigned to the rental order and it's Pricing/Type setting, Wholesale or Retail, in the Store/Accounts form.

Group Package Pricing allows for many combinations.

Tip

Start with writing down your rental order pricing strategy. Price packages may not be required for your needs. Do NOT include references to the codes package price within it's name. Pricing may change and you would not want to create new codes for the new prices. This way when prices for packages change the code name will not have to change too.

Coat and Accessory price codes must be unique. They cannot have the same name.
A accessory style or coat style can only be assigned to one Package Price code at a time. It can be changed, but only one is allowed per style.