A component is any raw material, ingredient, or part that you purchase and use in production. This could be flour for a bakery, fabric for a clothing manufacturer, or electronic parts for a device maker.

An assembly is a finished or semi-finished product made up of multiple components. Think of it as a recipe — it lists all the ingredients (components) and their quantities needed to produce one unit.

Cost price is the total amount spent to produce one unit of product. It includes all component costs plus any additional factors you define in your pricing formula (like labor, overhead, or waste).

A pricing formula lets you define how to calculate the final selling price. You can include markup percentages, fixed costs, labor rates, and other variables. The formula automatically updates all prices when you change component costs.

Yes! You can create multiple teams within one account. This is perfect if you have several businesses or product lines. Each team has its own components, assemblies, price lists, and orders completely separated.

You can try all features free for 30 days. No credit card required. After that, choose a plan that fits your business size.

Absolutely. All data is encrypted and stored securely. We never share your business information with third parties. Each team's data is completely isolated.

Yes! We have import tools for CSV and Excel files. You can bulk upload components, assemblies, and prices to get started quickly.

Automatic recalculation of all prices when a component changes, team access from any device, change history, error protection. Most importantly — no need to remember formulas and cell references.

Most users find pricing errors worth $500+ in the first week. Add hours saved on spreadsheets each week, and PriceLoom pays for itself many times over.