Contract Pricing: Which Method to Use

The topic of Contract Pricing or Target Pricing came up today and here is my response:
There are two ways to do contract pricing:
1. Target Prices (Using Printing Pricing Method)
or
2. List Prices (Using the List Pricing Method)

They both can be high maintenance.
Your choice depends on how many different price lists you have to match.
Here are some pros & cons:
———————————————
Target Prices (Printing Pricing Method)
Pros:
1. You can continue to use the regular Printing Pricing Method
2. You can attach a press to a stock definition

Cons:
1. If they have 40 lists you will need 40 Press Definitions
(there are only 100 available)
——————————————-
List Prices (List Pricing Method)
Pros:
1. You can have as many price lists as you want
2. You can run your job on any piece of equipment and the price will still
be the same.
(assuming that attached charges aren’t a factor)
3. Easier to setup a Price Per 1000
4. You can attach a price list to a stock definition

Cons:
1. You have to remember to change your pricing method to List
————————————-
If you just have 2 or 3 price lists, target pricing is probably better. If
you have 40, go with List Pricing. Contact me if you any questions.

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