This article will give you a brief summary about Net32's Guidelines for Price Updates, show you various ways to update your prices via OMS or in bulk, and tell you more about Price Breaks and how to submit them.
Guidelines for Price Updates:
- Prices can be raised anytime.
- A product is eligible for a price reduction once every 12 hours.
- The new price must not be higher or lower than 25% of the current price.
- Promotional prices – such as prices for weekly specials – cannot be changed.
Net32 offers different ways of updating product prices, including
- Price updates via OMS
- Bulk price updates
- Adding price breaks
Each method will be discussed in detail in the sections below.
Price Updates via OMS
If you are updating only a few products and the price updates fall within the guidelines outlined above, Net32 encourages vendors to update prices via OMS –> Tools –> Product Management.
Log into your OMS account and go to OMS -> Tools -> Product Management
- Use as many search criteria as needed to find the product you want to update
- Update the product price
- Don't forget to click "Submit" to save your changes
Bulk price updates
For bulk price updates with more than 2 products or price updates that exceed the above mentioned 25% rule, a ticket can be submitted via OMS –> Tools –> Data Help.
Please support our team by combining all price updates and submitting only one price update request/file per day so that we can process price updates for all vendors in a timely manner.
In order to process non-standard price updates, we need to have an Excel file (.xls or .xlsx) with at least three columns:
Column 1: your vp code (or Mp Id),
Column 2: the min order quantity for that price
Column 3: your new price.
You can create and format this file yourself or you can use our Price Update Template. See link for download at the end of this article.
Alternatively, a current product file can be requested from Net32 which will list your current prices and have a column for you to indicate your new prices.
Once you have your file with your updated prices, log into your OMS account and go to OMS –> Tools –> Data Help to send us a request. Remember to choose "Submit price update" as the reason for your file upload. This will help us to channel your request properly and process your file in a timelier manner. Attache your file and click Submit.
Price Breaks
Net32 gives vendors the ability to provide discounts for larger order quantities – called price breaks (see example below).
Adding price breaks can be requested the same way as bulk price updates (described in the section above) and will be displayed in the Vendor Options section of the PDP (Product Detail Page). We kindly ask our vendors to limit the number of active price breaks to no more than 4, including the regular price. Too many price breaks will be difficult for our customers to read.
Here is an example for a possible price break and how to complete the price update template for it:
If you sell a 4g syringe of composite for $26.95 and you want to give a discount for customers who order more, you can add a price break as follows:
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