Auto calculation of price based on cost of material and labor.

Posted by rohit on Jun 24, 2006; 6:51am
URL: http://ofbiz.116.s1.nabble.com/Auto-calculation-of-price-based-on-cost-of-material-and-labor-tp140142.html

hi,

i was curious if one could automatically calculate product price based on material and labor cost.

To give a better perspective of what i mean, i will brief about our products. We basically sell silverware and gold jewelry items. The price of the product is based on cost Silver and Gold, plus the labor charges to manufacture it which is a percentage of the metal price. Typical pricing method would be Gold price + 30%(just for illustration), this if metal costs are $100, the minimum sale price has to be $130 . Now bullion prices have been very volatile over the past few weeks. From $71 an ounce to $57 approx. This completely changes the pricing and cost structure and a store which has thousands of products, it would be a tiring task to manually update the prices of all products.

Therefore is it possible to define a material like gold, which price per ounce can be updated as frequently as needed. The product will have a feature denoting the metal weight, such that it calculates the cost of gold based on the metal weigth in the product and adds to it the labor price to fianlly arrive at the minimum sales price.

For e.g.

Standard metal rate is $50 per ounce.
Product X has 1/2 ounce of gold.
Thus the minimum product price is $50/2 * 1.30 = $32.5.

I think it is possible to do this in the standard ofbiz download, i.e. without modifying the code, but have not been able to figure out how to do it.

Any suggestions or comments will be appreciated.

Thank you.

rohit

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