What are Weekly Rate Minimums?
Weekly Rate Minimums allow you to set rate minimums for specific weeks rather than applying them to an entire quarter. This provides more control over pricing adjustments without overriding all recommended rates.
Why Use Weekly Rate Minimums?
- More Flexibility – Instead of a fixed quarterly minimum, you can apply rate minimums only when needed.
- Greater Transparency – The system retains the original recommended rate, allowing you to compare adjustments.
- Reduce Errors – Stale Minimum Alerts notify you when a minimum hasn’t been updated in a while, helping you keep rates accurate.
How to Set Weekly Rate Minimums
1️⃣ Go to the Rates Tab – Navigate to the pricing page where rates are managed.
2️⃣ Click “Add Rate Minimum” – This option is available in the Action Button menu.
3️⃣ Define the Start and End Weeks – Select the range of weeks where the minimum should apply.
4️⃣ Enter the Minimum Rate – Set the minimum rate for the selected period.
5️⃣ Save Your Changes – Your weekly rate minimum will be applied, and the original recommended rate will still be stored for reference.
💡 Tip: Keep an eye on Stale Minimum Alerts to ensure your minimums remain up to date!