Quick Start

Use the following step-by-step guide to start using all the benefits of the web application PriceLoom.com without delay.

Step 1: Registration and Login

Go to the priceloom.com website and enter your personal account. You need to register or login if you have registered before.

The personal account features a navigation panel at the top with the main sections: Catalog, Price List, and Orders.

Step 2: Add Materials and Create Product Specifications

  1. Go to the Catalog section;
  1. Add materials, specifying their units of measure and purchase prices;
  1. Create product specifications.

In the Catalog section, you should add all the raw materials that you use to manufacture your products. Here you also add finished product specifications (or semi-finished products). A specification is a list of raw materials with the amount needed to produce a unit of the product.

Create multi-level specifications from bottom to top. Start by adding lower-level specifications, so you can then include them in higher-level specifications.

Step 3: Create a Cost Calculation Formula for the Product

The formula is created individually. It is necessary for calculating the cost of production based on the cost of materials.

The formula is created in the personal account using the formula constructor. To get to the constructor, select Formula in the top menu of your team. After that, you can create your own formula and add variables and coefficients to it for a more accurate calculation of the cost of the product.

Step 4: Add Products to the Price List

  1. Add the products you want to calculate and track prices for to the Price List.
  1. When adding products to the price list, you need to fill in the variable values of the formula (if there are any) and specify the desired markup.

The price list will calculate and display the cost of materials for its production, the cost price, and the selling price for each item.

Important: Adding products to the price list is only possible after creating a cost formula from the previous step.

Step 5: Create Orders

Create orders and analyze information for each of them.

Positions can only be added to an order from the price list. If some position is not in the price list, it must first be added to the Price List from the Catalog. After that, it will be available for addition to the order.

The Orders section is used in two cases:

  1. For order analysis;
  1. For procurement and supply planning.

In the first case, you enter all the positions corresponding to the actual order into the order being created and can get all the necessary information about it:

  • the cost of materials for the order;
  • the cost price of the order;
  • the price of the order;
  • a list of materials for the manufacture of the order;
  • total values of the formula variables (if there are any). For example, the piecework wage for the order.

In the second case, you add to the order a list of products planned for production. For example, add to the order products from the monthly production plan. Then you form a list of materials and use it to organize the purchase of the necessary raw materials.

You can plan events and banquets in the catering sector in the same way. For this, all dishes are added to the order and a list of necessary products is formed.