Co-Op is a broad category of contributions that is used to group rebates, retros, marketing contributions and other financial support that Enterprise retailers expect of their vendors
What is Co-Op?
A Co-Op is a broad description for any charge that a major retail may require on their vendor base at the end of the financial year. This can come in the format of a retro or a rebate, which is when a retailer gives a specific percentage that they require back in cash assigned to a certain level of sales performance. But, they can also make other requirements like marketing contributions, and more. All of this is grouped together as a Co-Op.
Typically people do not want to apply margin on top of a co-op. They need to just add co-op at the end of their pricing, on top of their margin. This is important so that they have a clear idea of what their margin is when trading with a company.
To see Co-Op for an item go to it in Showroom, and then scroll down to Customer Pricing. Here you will see Co-Op as a column in the table for each row.
Where is Co-Op Set?
To find where co-ops are set please go to the Customers page under Settings in the left navigation, and then scroll down to Customer Company Pricing. Here you will see all of your customers along with a column where you can edit the co-op for each.
Tips:
- Unless you work directly with an Enterprise retailer, it is highly unlikely you will ever need to use this feature.
- Co-Op is always applied post mark-up / discount so as not to add % profit on top of % Co-Op (to ensure your calculated margin is accurate)