PRM - Price Management

Reference process for price changes, price corrections, and markdowns in stores.

Meta Process

PRM - Price Management

graph LR;

%% Nodes
A(PRM<br>Price Management)
B(PRM-0010<br>Create document)
C(PRM-0020<br>Select items)
D(PRM-0030<br>Edit proposal)
E(PRM-0040<br>Complete document)
F(PRM-0050<br>Release document)
G(PRM-0060<br>Post document)

%% Flow
A -.- B
linkStyle 0 stroke:#ffffff
B ==> C
C ==> D
D ==> E
E ==> F
F ==> G

%% Classes
class A btProcessTitle
class B,C,D,E,F,G btProcessActive

Store price management is carried out. Price changes or price corrections as well as markdowns per item are created and issued as an instruction for relabelling and, if necessary, for label printing.

PRM-0010 - Create document

The price management document is created. The document header is created by specifying the markdown date and the relevant customer price group. The customer price group is prefilled from the central Fashion setup and can be changed for special markdown cases. The items to be considered can optionally be scanned. Additional filters can be set to limit the items to be considered, including weeks after receipt, sell-through rate up to, and inventory turn up to. To simplify processing, a default markdown percentage can be specified. This is used for the automated determination of the new price when commissioning a price change.

Incoming processes:

REM - Item Monitoring

PRM-0020 - Select items

Using the function “Create price management lines”, the items to be considered are determined and transferred to the document lines. Additional filter criteria can be selected when calling the function.

PRM-0030 - Edit proposal

The generated item list represents a proposal. This is now analysed and edited. Items can be deleted from the lines or added. Prices are changed accordingly. Marking a line with “To be reduced” determines the expected price change value.

PRM-0040 - Complete document

Processing of the document by the clerk is completed after review, causing the document status to change to “Completed”.

PRM-0050 - Release document

The responsible department manager reviews the document again and changes it if necessary by resetting the status. The document is then released. The document status is “Released”. In the system, the price lines are created and the document is instructed for posting. System information is then either generated in the stores as a store price notification, or the affected stores receive information by email. In addition, a price change information is sent to the POS systems.

Outgoing processes:

PRM-0060 - Post document

Released price management documents are generally processed and posted automatically by a corresponding scheduler. During the day, however, it may be necessary in individual cases to post a price management document immediately. This is possible by setting the “Immediate markdown” flag before posting.

Instances

See meta process