Managing your retail pricing effectively is vitally important for any pharmacy. This topic will cover several highly useful Minfos features that may help to make data driven pricing decisions and manage your retail pricing efficiently.
Set Performance Guidelines by category
Minfos Category Performance Guidelines allow you to set GP% or Markup% objectives for each of your categories. Watch this tutorial video to learn how to set category guidelines and review your retail prices.
Video - Set Category Performance Guideline
Watch the video
Learn how to set Gross Profit or Markup Performance Guidelines for categories in this video tutorial.
Further reading
If you would like to learn more, please refer to the articles below. Category Maintenance overview Launch Category Maintenance Search for a Category Set a Category Performance Guideline
Set your Retail Prices as the Supplier RRP
A Supplier RRP policy allows you to quickly and easily apply supplier RRPs as your retail prices. This option is very helpful for cosmetic and skin care ranges where the company requires the stock to be priced at their recommended retail price. Rather than key the prices in one by one, if the supplier provides the RRP information to Minfos, a supplier RRP policy allows you to bulk apply the RRPs as retail prices.
Video - Supplier RRP Price Policies
Watch the video
Learn how to create and manage Supplier RRP price policies in this video tutorial.
Further reading
If you would like to learn more about functions mentioned in this video, please refer to the articles below.
Set up Supplier RRP price policy Supplier RRP price policy FAQ
Manage your retail prices with Minfos Price Manager
You can review and control your retail pricing in Minfos Price Manager.
Within this screen you can:
- Filter by categories, orders, price policies and more
- Manage your KVI's
- Review suggested new pricing based on GP% or Markup% guidelines without affecting your current retail pricing
- Change pricing on a product-by-product basis and review all prices from the one screen
- Apply the new prices with one click
- Set pricing to auto-round to the nearest 5c or 9c
- Report on your price changes and send new prices to the label queue
Minfos Price Manager is your one-stop-shop for retail pricing.
Video - Price Manager overview
Watch the video
Learn how to use the Minfos Price Manager screen to review and control your retail pricing in this video tutorial.
Further reading
If you would like to learn more, please refer to the articles below. Price Manager overview Launch Price Manager Filter Products in Price Manager Price Manager: Enter new retail price for a single product Price Manager: Apply suggested new pricing
Import Retail Prices
Minfos allows you to import retail pricing files supplied by other Minfos pharmacies or your head office. This functionality is very useful where you wish to share prices across stores or your group without keying the prices one by one.
Video - Import Retail Pricing files
Watch the video
Learn how to import and apply retail pricing files in this video tutorial.
Further reading
If you would like to learn more about functions mentioned in this video, please refer to the article below.
Import a Retail Pricing file
Export Retail Prices
Minfos allows you to export your retail pricing in a format that can be easily imported by another pharmacy using Minfos. This feature is particularly helpful for groups that wish to maintain price consistency across multiple pharmacies.
Video - Export Retail Pricing files
Watch the video
Learn how to export retail pricing files in this video tutorial.
Further reading
If you would like to learn more, please refer to the article below.
Export a Retail Pricing file
Product Gross Profit reports
The Product Gross Profit report in Minfos can be used to report pricing and GP information for a specified range of products. This report can also be used to identify products with negative GP%, or products that fall within or outside a specified GP range.
Video - Product Gross Profit reports
Watch the video
Learn how to run Product Gross Profit reports in this video tutorial.
Further reading
If you would like to learn more about functions mentioned in this video, please refer to the article below.
Product Gross Profit report
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