PRICING ENGINE
Pricing Control Without the Chaos
If you can price it, ScrapIT can automate it. Ditch the spreadsheets and lock in consistent margins with a dynamic pricing engine built for the volatility of scrap.
Formulated Pricing. Zero Guesswork.
Stop manually updating thousands of prices when the market moves. Define your rules once, and let ScrapIT handle the math on every ticket.
Formula-Based Pricing
Configure unlimited formulas (e.g., Market Index × % Recovery - Processing Cost).
Live Market Indices
Link your prices directly to market feeds. When the index updates, your scale price updates instantly.
Tiered Volume Breaks
Automatically apply better rates for suppliers who hit volume milestones—no manual calculation required.
Flexibility with Guardrails.
Give your buyers the room to negotiate without giving away the farm.
On-the-Fly Overrides
Authorized users can adjust a price at the scale to close a deal, while the system logs exactly who changed it and why.
Automated Margin Protection
Set minimum margin thresholds. The system will warn or block a transaction if a price override dips below your profitability target.
Full Audit Trails
Every price change is recorded permanently. You get a complete history of every manual adjustment for review.
Corporate Strategy. Local Execution.
Whether you have two yards or twenty, manage your pricing strategy from one central hub without stifling local operations.
Centralized Price Lists
Push out corporate-wide baseline pricing to all sites instantly.
Local Market Adjustments
Allow individual yards to apply local premiums or discounts to meet their specific regional competition.
Supplier Portal
Let trusted suppliers log in to see their current pricing and price updates automatically online.
Contract Management
Lock in fixed rates for specific contracts or timeframes. The system defaults to the contract price automatically.
Brokering Support
Handle complex multi-party commission structures and profit splits easily.
Retroactive Updates
Need to fix a price after the fact? Adjustments flow through to accounting automatically.
Helpful FAQs about the ScrapIT Pricing Engine
Does ScrapIT support formula pricing for scrap?
Yes. Configure unlimited formulas (e.g., Market Index × % Recovery - Processing Cost). Define your rules once, and let ScrapIT handle the math on every ticket.
Can scrap prices follow live market indices?
Yes. Link your prices directly to market feeds. When the index updates, your scale price updates instantly.
Does ScrapIT support tiered and contract pricing?
Yes. Tiered volume breaks automatically apply better rates for suppliers who hit volume milestones, and contract pricing locks in fixed rates for specific contracts or timeframes. The system defaults to the contract price automatically.
How does ScrapIT keep price overrides under control?
Authorized users can adjust a price at the scale to close a deal, while the system logs exactly who changed it and why. Set minimum margin thresholds and the system will warn or block a transaction if a price override dips below your profitability target. Every price change is recorded permanently.
Can one price list run across multiple yards?
Yes. Push out corporate-wide baseline pricing to all sites instantly, and allow individual yards to apply local premiums or discounts to meet their specific regional competition.
Protect your margins on every load.
See how automated formulas can save you hours of manual data entry every week.
