Parts Matrix is an easy way to have the Manager SE automatically adjust the cost of a part. Both electronically transferred parts and manually entered parts will adjust based on the Parts Matrix. Using the 80/20 rule, you can set your ranges to save time and increase profits in the shop. As an owner or manager, using this will reduce the amount of time you spend pricing every sale while increasing your profits. This video will walk you through how to make the adjustments.
The Parts Matrix is a strategic pricing tool that allows you to configure price markups based on specific cost ranges. By defining cost tiers, you ensure consistent and fair pricing while maximizing profitability. For example, lower-cost items might have a higher markup percentage, whereas higher-cost items could have a smaller percentage markup to remain competitive. This systematic approach eliminates guesswork and standardizes your pricing strategy.
Implementing the 80/20 rule in your Parts Matrix setup focuses on setting the matrix for the margin you’ll want 80% of the time so you only manually adjust it 20% of the time.
This video tutorial will guide you step-by-step through configuring your Parts Matrix, understanding the principles behind its setup, and applying best practices to ensure optimal results for your shop.
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