Are you making money off what you are selling? If you shrugged your shoulders or gave us a quizzical look, then you need to calculate your business's gross margin. Gross margin measures profit as a percentage of sales revenue and is a good gauge for how efficiently...
To be a successful company, two key metrics must be tracked: revenue and profit. These numbers reveal the financial strength of a company, and what the future might look like. Although many use these two terms interchangeably, they are two vastly different concepts....
Many things have changed over the years. The cell phone has evolved from a singular calling device to a do pretty much everything but walk your dog device. Coffee has gone from the coffee pot to the elaborate coffee run – non-fat, extra whip, light ice, mocha...
Raise your hand if you are in manual mode when it comes to making price adjustments or getting shipments out the door? Get the right price for the right customer with Rockton Pricing Management (RPM) and get your items out the door quickly and accurately with...
Have you heard the term dynamic pricing being thrown about? Not sure what it means? Or maybe you've implemented this strategy, but you're losing money and customers? Fear not, that's why we're here. Dive into what it is, the benefits, the kinks, and a solution to help...
The main aim of pricing and revenue management in a food distribution supply chain is to create a balance between supply and demand, while simultaneously optimizing profits. Traditionally, businesses would tweak the availability of their assets. However, in this day...
The short answer is yes, using automation. Whether you only adjust your prices during the holidays or you've got your fingers on the pulse and make continuous changes, Rockton Pricing Management can help you stay ahead of your competition and optimize profits. After...
Do you want to offer multiple discounts, but not sure how to calculate the price? Do you want to add a fee on top of that? What if you want to track margins or rebates or royalties? Plus, you want all of them to track to their own specific financial account without...