The markup rate is the ratio between service and selling price. You can define markup rate based on the client and carrier at Logiwa. You can also use different mark up rates for different zones.
This feature is available for all carriers and the Rate Shopping option.
Screen Path: Entity -> Carrier Management
How to Set Markup Rates ?
There are 2 ways to set markup rates.
1- Define markup rate based on carrier connection
On the carrier management screen, select the related carrier setup and use Markup Rate field to enter this information
Once you type the markup rate, Logiwa will generate additional rate for markup price on the label generation process. An example is shown below.
Original Rate : 21.00
Markup Rate : 0.9
Multiplier : 0.9+1
Calculated Rate : 21.00x(0.9+1)=39.90
2- Define markup rate based on the zone & weight information of the order
Markup rates may vary with several scenarios. It depends on both zones and weight. There should not be always the same markup rate for each different order. Logiwa offers you an opportunity to address this problem. You can specify your markup rates based on zones and the package's weight. Thanks to this feature, you can manage your changeable markup rates with ease.
How to Use This Feature ?
Screen Path: Entity -> Carrier Management
You can set up Zone-Based Markup Rates for each carrier. First, You need to go to the Carrier Management screen. Then you may kindly select the carrier which you would like to add markup rates based on zone.
After you click the cross button, a popup comes to the screen. You can either fill up the fields manually or import an excel file whose template can be downloaded on the screen to determine markup rates. The zone information can be changed for each carrier and should be provided by carriers' sites. After that, the zone information for your warehouse will be uploaded to the system by the Logiwa Support Team. Please contact the support team with your zone chart to complete this step.
There are some links regarding zones.
Please visit UPS's site to get the zone information
Please visit Fedex's site to get the zone information
Please visit USPS's site to get the zone information
As described above image, you can enter related information on the popup then click the save button. Then the info you entered is visible on the grid.
You are able to import markup rates via excel file too. You can dowload the template by clicking the green button.
After you type markup rates and the other information, you may kindly click the "Import Zone-Based Markup Rates" button. Then you will have defined your markup rates for each zone and each weight range.
Besides, you can only use this feature for domestic orders. In order to complete the setup, you need to enable the toggle named "Use Zone-Based Markup Rates for Domestic Order". Unless you do not turn this toggle on, this feature will not be taken into the process.
How the System Calculates the Markup Rates ?
There are some examples below to explain how the system calculates markup rates.
For An item whose zone is 10 and weight is 3 oz :
Original rate= 20
Mark up rate= 0,15
Multiplier= (1+0,15)= 1,15
Calculated rate = 20*1,15 = 23
For An item whose zone is 11 and weight is 3 oz :
Original rate= 15
Mark up rate= 0,20
Multiplier= (1+0,2)= 1,20
Calculated rate = 15*1,2 = 18
For An item whose zone is 10 and weight is 12 oz :
Original rate= 30
Mark up rate= 0,25
Multiplier= (1+0,25)= 1,25
Calculated rate = 30*1,25 = 37,5
For An item whose zone is 11 and weight is 12 oz :
Original rate= 40
Mark up rate= 0,30
Multiplier= (1+0,30)= 1,30
Calculated rate = 40*1,30 = 52
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Write to our support team: support@logiwa.com