Pricing products in a print management system like PrintSmith Vision involves setting up your pricing models according to the specific requirements of the items you’re producing, such as rigid substrates. When you’re dealing with large format printing items like a 48×96 inch rigid substrate, and you have pricing units set to 144 (which typically refers to square feet in this context), you’ll need to calculate the price based on the total square footage of the substrate and how that relates to your pricing units.
Here’s a step-by-step guide on how you might approach pricing a 48×96 inch rigid substrate with pricing units equal to 144 square feet:
Step 1: Calculate the Square Footage of the Substrate
First, you need to determine the square footage of the individual substrate you are pricing.
- Convert the dimensions from inches to feet: 48 inches / 12 = 4 feet and 96 inches / 12 = 8 feet.
- Calculate the square footage: 4 feet x 8 feet = 32 square feet.
Step 2: Understand the Pricing Units
Your pricing units are set to 144, which suggests that your pricing is set per 144 square feet. This is likely a bulk rate for purchasing or selling materials.
Step 3: Calculate the Price Based on the Pricing Unit
Assuming you have a set price for every 144 square feet of material, you need to calculate how much 32 square feet (the size of your substrate) would cost.
- If, for example, 144 square feet of substrate is priced at $288 (this is just an example; you’ll need to use your actual prices), first find the price per square foot: $288 / 144 sq ft = $2 per sq ft.
- Then, calculate the price for 32 square feet: $2 per sq ft x 32 sq ft = $64.
Step 4: Enter the Information into PrintSmith
In PrintSmith Vision, you would set up your pricing models under the product or service settings. Make sure you’ve entered the correct calculations and pricing structures. You may also need to account for additional costs like cutting, finishing, or any special treatments required for the substrate.
Final Notes
- Always double-check your pricing structure and calculations to ensure they align with your business model and cover your costs while remaining competitive.
- The pricing model can vary significantly between businesses based on overhead, material costs, labor, and desired profit margins. Adjust the example figures according to your specific situation.
- Remember to update your pricing models regularly to reflect changes in material costs or your business strategy.
This guide provides a basic framework for understanding how to price items like a 48×96 rigid substrate in a print management system when dealing with specific pricing units. Tailor these steps to fit the exact features and capabilities of your PrintSmith setup and your business’s pricing strategy.
