Exciting Update for Suppliers
Suppliers creating pricelists on Collective can now set retailer margins with up to two decimal points. This improvement allows for greater precision and flexibility in pricing strategies.
Why This Matters
- Previously, margins could only be specified as whole numbers, such as 10%.
- Now, suppliers can offer margins like 10.75%, enabling more tailored partnerships.
This new feature helps ensure suppliers and retailers can better align on conditions that suit their unique agreements.
Impact on Retailer Discovery
In the Retailer Discovery experience, "typical margin" values will be rounded to the nearest whole number for easier readability. However, the precise margin data remains intact for all calculations and reports.
Benefits of Decimal Point Margins
- Improved pricing accuracy for suppliers and retailers.
- Enhanced flexibility to fine-tune partnership agreements.
- More competitive offerings tailored to individual needs.
This change is just one of many enhancements aimed at improving the usability and satisfaction of both suppliers and retailers on Collective.