Glossary of printIQ terminology

Glossary of printIQ terminology




Operation

A task that is performed during the manufacturing process.  Generally an operation is completed on a job in a specific order.

Component

An attribute of an operation that defines how the operation is to be carried out, e.g. which materials, labour and machine resources will be used and how will it be priced.

Parameter

An attribute of an operation that modifies the way that the operation is to be carried out. Generally it is used to specify quantities to be used on an operation.

Operation question

An attribute of an operation that captures operation specific information about that task. Sometimes known as a Quote Question, they have no pricing implications and serves to capture production / instructional type information.

Quote  question

A question / information capture option that relates to a product on a quote. It is more high level than an operation question.

Simplified quote

The estimating / ordering process available within printIQ that is used by customers and less technical staff. It introduces a child proof layer over the top of the estimating process to ensure that you only offer products that your factory can produce.

Custom quote

The estimating process used by trained users familiar with your factory capabilities. It provides more flexibility within the estimating process to accommodate more complex / less frequent requests.

Cost price

The pricing layer within printIQ that represents the true direct costs of manufacturing, i.e. raw materials, labour and machine usage for the product being produced.  

Cost price is driven and controlled by the Component record

Cost plus price

The secondary pricing layer that can be used to add indirect costs and overheads to the cost price or alternatively, can be used to deliver a base sell price.

Cost price is driven and controlled by the Component record

Wholesale price – mark-up layer 2

This is a mark-up layer which is added to the Cost Plus price to add margin to the costing elements of the job. It adjusts the price of the quote by adding / removing from the total price and does not adjust each operation within the quote.

Wholesale price is driven and controlled by the Wholesale Pricelist that is assigned to a Factory and / or Site.

“Wholesale” is our standard term and can be adjusted to suit your business. It is generally used to deliver a transfer price to resellers, brokers or sales reps from which they can add additional mark-up.

Retail price - mark-up layer 3

This is the final layer of mark-up that adjusts the wholesale price of the quote. Again, the term “retail” can be adjusted to suit your business.

Retail price is driven and controlled by the Retail pricelist which is assigned to a customer. It is generally used by resellers, brokers or sales reps to complete minor adjusts needed to close the deal or where there is potential to increase margin.


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