In Ricochet, Auto Discounts are organized into plans that you create.
This tool is particularly useful for stores that carry vastly different types of inventory such as clothing and jewelry. You might want both of them to have their own unique discount plans. As you create your Auto Discount tiers, keep in mind you can select or create a Plan Name for it. By using the same plan name on multiple auto discounts, this will group them together in one bundle.
There are 3 basic types of auto-discounts:
Discount: any period of time in which you would like a product to then initiate a discount. For example, 30 days after receiving.
End of Contract: for contracts that have reached their term limit, but if sold, the sales will still get split between the store and the consignor as originally described.
Expired: once a consignor contract is completely void. This means that the contract has expired and there is no grace-period involved. All money collected as expired products also goes to the store. The consignor does not get a split.
To create and manage Consignment Auto Discounts:
Click Preferences
Click Product
Click the Discounts tab.
Click the yellow New Plan button to create an auto discount plan.
Note: You can create or remove discount plans using the yellow + and red x icons.
Create a Name for the discount.
Designate a Start and End Date, or check the box for Never Ends (the number of days out the product needs to be in-stock until the discount applies)
Designate the Trigger (when & where the discount applies)
Enter Discount Type: Price or Percentage
Designate Percent or Price Amount of Discount
Designate Absorb Type
Designate Types of Products Involved
Designate Minimum Requirements
Designate Number of Total Uses or check the box for Unlimited uses.
Click Save
An example of a typical 90-day consignor contract with auto-discounts and a 7-day grace period may look like the following:
Days out: 30 — Discount: 10% — Type: Discount
Days out: 60 — Discount: 20% — Type: Discount
Days out: 90 — Discount: 50% — Type: End of Contract
Days out: 97 — Discount: none — Type: Expired
Assigning Auto Discounts to Products:
Auto discounts are automatically turned on by default for all consigned products.
When creating a new consigned product, you can toggle an Auto Discount on or off using the Auto Discount toggle.
If you have more than one Auto Discount plan, you can choose which one applies to that unique item in the dropdown.