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Product pricing and supplier cost management

Pricing and Product Cost Discussions

Office Audio · 2026-05-19 13:19:55 to 2026-05-19 13:38:21

Review: Pending Review

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Summary

Sarah, Damoon, and others discuss pricing for various products including classics, doner, and Soprano. They analyze price increases from suppliers, the impact on profit margins, and strategies to adjust prices. They also discuss competition from Cater Choice and the need to balance stock and pricing to retain customers. There is mention of price increases of about £2 and the need to encourage customers to buy cheaper alternatives like Baguess.

Facts

  • Classics price increased from about £25 to £27.50.
  • Supplier Cater Choice charges £31.65.
  • Price increase of about £2 expected.
  • Soprano price around £39 to £41.
  • Infinity product price increased by about 10%.
  • Baguess is cheaper than Infinity.

Tasks

  • Adjust prices for classics and other products.
  • Monitor competitor pricing and customer buying behavior.
  • Order stock accordingly for next week.

Issues

  • Profit margins are very low on classics (about 50p).
  • Competition from Cater Choice grabbing customers.
  • Stock readiness is a concern.