Markets

The Market screen lists user-defined divisions that are used in ordering products from vendors and in costing recipes. Markets can be created based on geography, product availability, cruise dates or any other user-defined grouping. {Franchise Note}: Only franchisors will be allowed to define markets and link them to a franchise entity.

In Bid Master, markets are linked to bid sheets to establish regional pricing for the products on the sheet. For Restaurants, each location is linked to a single market in the Location Details screen.

Users have the option to select one or more other existing markets as a "secondary" market for the "primary" market, to allow locations creating vendor orders in the "primary" market to potentially purchase products available in the designated secondary market(s) as well. {Note}: A location will NOT have access to products/prices in a secondary market's secondary market.

Under the Purchasing menu, click Market.

Click the Plus (Add) icon to add a new row.
Enter the name of the Market.
Select the market’s Base Currency from the drop-down. (This field is visible only if the Purchasing preference to "Use Multi-Curreny" is enabled.)
Select one or more Secondary Markets from the drop-down(s) to be associated with this "primary" market. An option for Secondary Market 1 must be selected before defining Secondary Market 2, etc.) Click HERE to see how secondary markets are utilized.
Select the market’s Franchise Entity from the drop-down. This allows only users within the franchise to enter bids and award contracts for the market in Bid Master.
If necessary, click the Printer (Export) icon to download a list of the markets.
When finished, click the X (Close) icon.