Main Menu>Master Data Management>Inventory>Scheme & Promotion
Scheme and Promotion produce very pronounced effects to retail business. It is indisputable that Scheme and Promotion offer retail store a series of benefits which other forms of marketing communications cannot duplicate.
| • | Increase stock turn and reduce cost: Discounting retail inventories of non-moving or slow-moving products, price promotions effectively liquidate the inventory and reduce the stock holding cost. |
| • | Increase in sale: It enable customers to try out different products thereby creating more consumer choice. Since different items are on promotion every week, increased consumer choice results in increased sale. |
| • | Increase walk-in conversion ratio: Providing irresistible deals to visitor will force them to make short-term decisions. The customer usually based their decisions on the price of the product therefore with reduced prices; customer might just be forced to make purchases even if they did not originally intend to do so. |
| • | Increase in profit levels: Since the appeal of retail products is, to a huge extent, determined by price, sales promotions enable companies to adjust the retail price of the product for short periods of time and with minimal price difference. Sales promotions aim to increase sales in the short-term. |
| • | Introduce new product with minimum risk: The principal companies prefer introducing new products backed by a store-based sales promotion. Short-term sales promotional enable retail to offer temporary displays of the products, price cuts and paid advertising, which could result in more sales and revenue with minimum risk. |
RanceLab® FusionRetail 6 offers a bouquet of scheme and promotion fairly customizable to suite your business needs. It is set on
| • | Date Range for single, multiple or all week days |
| • | Time Range for single, multiple or all week days (Happy Hour Pricing) |
| • | Product - single, multiple or all products |
| • | Location - single, multiple or all locations (chain of outlets) |
Note: Before using Scheme and Promotion please set “Activation Scheme and Promotion = Yes” in “Main Menu > Master Data Management > Inventory > Location Master (M> I> L)”
The available options for Scheme and Promotion are…
Buy X, Get Y |
Using this method helps you to set a discounted price for quantities of an item, purchased with a specified number of an item. For example Example:
Suppose you have selected 3 products in Buy X, Get Y Scheme as “T-shirt H/s” “T-shirt F/s” and “Formal shirt H/S” with respective sale values as Rs.100, Rs. 200 and Rs. 300. You also allowed 50% discount on the 4th item and the calculation is based on “Minimum Value”. Now if you scan “T-shirt H/s” “T-shirt F/s” and 2 “Formal shirt H/S” products it will deduct 50% from that product which have minimum sale value (as value of “T-shirt H/s” will be Rs.50 so the final sale bill will be of Rs.850 instead of Rs.900). You can also use “Maximum value” in the “Calculation Based On” option. More Examples:
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Mix and Match: Unit Price |
You can use this method when all the discounted items share the same price. This type of discount sets different unit prices for each purchase quantity. In this option you can specify the Discount as per quantity of products. Example:
As per the above example if the customer buy 1 unit of that product it will cost Rs.500, for 2 pcs it will cost Rs.450 each and for 3 pcs it will cost Rs. 400 each. Above 3 Pcs, sale price of every unit will be Rs.400 as per the above example. More Examples:
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Mix and Match: Percent Off |
You can use this method when the discounted items have different prices. This type of discount sets a different percentage off the regular price of each item for each purchase quantity. Example:
More Examples:
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Bill Discount |
You can use this method to set a discount on the entire bill based on the value of the bill. Example:
You can use this option to give discount on the whole bill instead of particular product. Here you can use discount on value or percentage. More Examples:
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Coupon (Cross Promotion) |
Use this method to print a coupon based on the item. This is used for the cross promotion with other outlets. Examples:
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Product Discount |
Use this to set different discount for the different items.
For more detail please visit; Is it possible to apply scheme and promotion according to Product Child ID? |
Common fields in all schemes
Scheme
Scheme Name |
Enter the name of scheme as per your choice |
Discount Type |
Select Scheme type from the list
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Date From |
Enter start date of scheme |
Date To |
Enter end date of scheme |
Time From |
Enter start time of scheme |
Time To |
Enter end time of the scheme |
Weekday |
Select weekdays here. It will work only on selected weekdays.
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Available On
Products |
Select products here. You can select multiple objects in one go.
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Location |
Select Location on which you want apply the scheme
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1. Scheme for Buy x, Get Y

Method
Buy Qty. at Full Price |
Enter Buy quantity i.e. the quantity on which the scheme will act |
Get Qty. at Discount Price |
Enter quantity, you are offering for discount. |
Discount Price (Sale Value) |
Enter discount in value applicable only on discounted unit |
Or Discount Percentage |
Enter discount in percentage applicable only on discounted unit |
Calculation Base On |
Select either minimum value or maximum value on which the software calculates the discount. |
2. Scheme for Mix and Match: Unit Price

Method
Method Name |
Qty |
Price |
Discount Qty Wise |
Enter quantity |
Enter rate per unit applicable only on quantity entered |
3. Scheme for Mix and Match: Percent Off

Method
Method Name |
Qty |
Discount (%) |
Discount Qty Wise |
Enter quantity |
Enter percentage of discount applicable only on quantity entered |
4. Scheme for Bill Discount

Method
Method Name |
On Amount |
Discount (%) |
Discount Rs. |
Bill Discount |
Enter amount |
Enter discount in percentage value applicable only on amount entered in “On Amount” field. |
Enter discount in amount applicable only on amount entered in “On Amount” field. |
5. Scheme for Coupon (Cross Promotion)

Method
Coupon File |
Select a coupon file from the list.
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Valid Days |
Enter days of validity of Coupon. |
Sale Qty |
Enter quantity for Coupon printing |
Scheme Set Up Buttons
