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PIM training · Part 7 / 8

Price and stock matching: currency and sync

Audio narration · listen first

PIM does not invent price or stock; price comes from approved price groups and stock from the ERP. PIM's job is to match the right price to the right channel, in the right currency, with up-to-date stock.

In this part

  • You understand what a price group is and why a product can have more than one price.
  • You see how prices are separated at a brand that sells in different currencies.
  • You learn that the ERP owns the stock information and that it goes to the channel through sync.
  • You recognize the cost of a product that stays live with an old price or with sold-out stock.
Price and stock matching: currency and sync: Pimland PIM screen
On the sales prices tab, the calculated price, the price to enter and the currency for each price group are on separate rows. The calculate, approve and transfer steps are at the top of the screen. This screenshot is from the English interface.

Terms in this part

SKU (stock keeping unit)
The code that uniquely identifies each product option held in stock.
ERP
Enterprise resource planning: the system that records the company's operations such as stock, sales, purchasing and accounting.
Target margin
The target a brand aims for, expressed as the difference between selling price and cost divided by the selling price.
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There are 3 questions at the end of the part; at least 2 correct answers open the next part. The questions open with your Academy account, after your Basic certificate.

· Pimland Academy team