How does Increment Sell Method work?

This article, we will explain the how the price increment works for precious items and why it is beneficial for suppliers to use this specific sell method

What is 'Sell Method - Increment'?

In Loupe, we allow all users to change and update metal fixes. This works by Suppliers loading a list price and Loupe recalculating that price at a metal fix of a sales person or retailer's choosing.

Sell Method Increment is a sell method that allows suppliers to ensure their profit margin is always protected, no matter what happens to precious metal fluctuations.   

How to load a sample with incremental Pricing 

1. Go to sample upload and start loading your sample

2. In the Basic Details section, select 'Increment' in the 'Sell Method' dropdown field

3. Enter the 2 different metal locks you would like to Increment at 

4. Continue the upload process adding all of the specification details for your sample

5. In the Quote Data section of specifications, enter your quote prices 

How does 'Sell Method - Increment' work?

The way that increment works is that the supplier provides a price at a given metal lock, then an increment measure and an increment value. Loupe will then use the increment measure and the increment value to recalculate the price at any metal lock of the retailer's choice.

This enables suppliers to protect their profit, in contrast to Sell Method Fixed Including Metal Lock where profit could either expand or contract dependent on if the precious metal price is rising or falling, due to the change of metal value being applied only to the intrinsic metal value, and not the entire cost base of the vendor.

Why should I use 'Sell Method - Increment'?

Distinct from Sell Method Fixed including Metal Lock, Increment will allow suppliers to protect your profit margin. Sell Method Fixed including Metal Lock will only adjust the cost of the metal contained within your sample. Therefor in a rising metal market, you will see your margin decrease and in a falling metal market, you will see your margin increase. If you do not wish to be exposed to that risk to your margin, increment is a sensible sell method to use.

Increment always ensures that your margin is protected at any given precious metal market while simultaneously allowing your customers and sales people to automatically reprice items at a metal market of their choice.