{"id":4867,"date":"2026-10-14T18:01:25","date_gmt":"2026-10-14T18:01:25","guid":{"rendered":"https:\/\/bizwiziq-help.bizwiziq.com\/?page_id=4867"},"modified":"2026-10-14T18:13:02","modified_gmt":"2026-10-14T18:13:02","slug":"maintain-product-family","status":"publish","type":"page","link":"https:\/\/bizwiziq-help.bizwiziq.com\/?page_id=4867","title":{"rendered":"Maintain Product Family"},"content":{"rendered":"<h2 data-pm-slice=\"1 3 []\">Overview<\/h2>\n<p>The&nbsp;<strong>Maintain Product Family<\/strong>&nbsp;window allows you to create or modify a product family and establish common settings for the detailed products assigned to that family.<\/p>\n<p>These settings include:<\/p>\n<ul data-spread=\"false\">\n<li>Product family name<\/li>\n<li>Task workflow definition<\/li>\n<li>Estimated person minutes<\/li>\n<li>Base pricing formulas<\/li>\n<li>Minimum profit requirements<\/li>\n<li>Unit price rounding<\/li>\n<\/ul>\n<p>Using these settings helps maintain consistent pricing and production information across related products.<\/p>\n<p><span><img decoding=\"async\" alt=\"\" data-id=\"4869\" width=\"665\" data-init-width=\"984\" height=\"385\" data-init-height=\"570\" title=\"maintain product family\" loading=\"lazy\" src=\"https:\/\/bizwiziq-help.bizwiziq.com\/wp-content\/uploads\/2026\/10\/maintain-product-family.png\" data-width=\"665\" data-height=\"385\" style=\"aspect-ratio: auto 984 \/ 570;\"><\/span><\/p>\n<h2>Product Family Information<\/h2>\n<h3>Name<\/h3>\n<p>Enter a descriptive name for the product family.<\/p>\n<p>For example:<\/p>\n<ul data-spread=\"false\">\n<li>Acrylic Awards<\/li>\n<li>Crystal Awards<\/li>\n<li>Drinkware<\/li>\n<li>Plaques<\/li>\n<li>Traditional Trophies<\/li>\n<\/ul>\n<p>Choose a name that clearly identifies the products belonging to the family.<\/p>\n<h3>Task Workflow Definition<\/h3>\n<p>Select the task workflow definition associated with the product family.<\/p>\n<p>A task workflow definition identifies the production tasks required to complete a product.<\/p>\n<p>For example, an Acrylic Awards workflow might include:<\/p>\n<ol data-spread=\"false\" start=\"1\">\n<li>Artwork Preparation<\/li>\n<li>Engraving<\/li>\n<li>Assembly<\/li>\n<li>Quality Inspection<\/li>\n<\/ol>\n<p><strong>Detailed products assigned to the product family automatically inherit the family&#8217;s task workflow definition.<\/strong><\/p>\n<p>This helps standardize production processes and reduces the need to configure the same workflow for each detailed product individually.<\/p>\n<p>Use the dropdown to select a task workflow definition. The ellipsis (&#8230;) button provides access to the additional workflow selection or maintenance function.<\/p>\n<h3>Estimated Person Minutes<\/h3>\n<p>Enter the estimated number of person minutes required to complete production work associated with the product family.<\/p>\n<p>This value is used for&nbsp;<strong>production scheduling and workload estimates<\/strong>.<\/p>\n<p>For example:<\/p>\n<p>If the Estimated Person Minutes is set to 5, the estimated production labor requirement is five person minutes per applicable unit.<\/p>\n<p>For an order requiring 20 units:<\/p>\n<p><strong>20 units \u00d7 5 minutes = 100 person minutes<\/strong><\/p>\n<p>This information helps estimate production workloads and supports scheduling decisions.<\/p>\n<p>Estimated Person Minutes is not used to calculate the product&#8217;s selling price.<\/p>\n<h2>Base Pricing Formula<\/h2>\n<p>The Base Pricing Formula allows you to establish pricing rules based on product cost.<\/p>\n<p>Different pricing percentages and minimum profit requirements can be assigned to different cost ranges.<\/p>\n<h3>Auto Apply Base Pricing Formula to Product Family<\/h3>\n<p>Select this checkbox to enable automatic application of the product family&#8217;s base pricing formula.<\/p>\n<p><strong>Important:<\/strong>&nbsp;Selecting this checkbox does not immediately recalculate the prices of existing detailed products.<\/p>\n<p>To update existing detailed product prices, click&nbsp;<strong>Apply Pricing Formula to All Detailed Products in Product Family<\/strong>.<\/p>\n<h3>Pricing Formula Fields<\/h3>\n<table>\n<tbody>\n<tr>\n<th>Field<\/th>\n<th>Description<\/th>\n<\/tr>\n<tr>\n<td>Cost Start<\/td>\n<td>Beginning product cost for the pricing range.<\/td>\n<\/tr>\n<tr>\n<td>Cost End<\/td>\n<td>Ending product cost for the pricing range.<\/td>\n<\/tr>\n<tr>\n<td>Increase %<\/td>\n<td>Percentage increase applied to the product cost.<\/td>\n<\/tr>\n<tr>\n<td>Min Profit $<\/td>\n<td>Minimum dollar profit required for the pricing range.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Cost Start and Cost End<\/h3>\n<p>These fields define the product cost range to which a pricing formula applies.<\/p>\n<p>For example:<\/p>\n<table>\n<tbody>\n<tr>\n<th>Cost Start<\/th>\n<th>Cost End<\/th>\n<th>Increase %<\/th>\n<th>Min Profit $<\/th>\n<\/tr>\n<tr>\n<td>$0.00<\/td>\n<td>$50.00<\/td>\n<td>250%<\/td>\n<td>$25.00<\/td>\n<\/tr>\n<tr>\n<td>$50.01<\/td>\n<td>$100.00<\/td>\n<td>247%<\/td>\n<td>$0.00<\/td>\n<\/tr>\n<tr>\n<td>$100.01<\/td>\n<td>$200.00<\/td>\n<td>245%<\/td>\n<td>$0.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>When calculating the selling price, Order Manager determines which cost range contains the product cost and applies the corresponding pricing formula.<\/p>\n<p><strong>Example:<\/strong><\/p>\n<p>A detailed product with a cost of $40.00 falls within the first pricing range and receives a 250% increase.<\/p>\n<h3>Increase %<\/h3>\n<p>The Increase % field specifies the percentage added to the product cost to determine the retail selling price.<\/p>\n<p><strong>Formula:<\/strong><\/p>\n<p>Retail Price = Product Cost \u00d7 (1 + Increase % \u00f7 100)<\/p>\n<p><strong>Example:<\/strong><\/p>\n<ul data-spread=\"false\">\n<li>Product Cost: $40.00<\/li>\n<li>Increase: 250%<\/li>\n<li>Calculated Increase: $100.00<\/li>\n<li>Retail Selling Price: $140.00<\/li>\n<\/ul>\n<p>The calculated retail selling price is $140.00.<\/p>\n<h3>Minimum Profit $<\/h3>\n<p>The Min Profit $ field establishes the minimum dollar profit that must be achieved when calculating the retail selling price.<\/p>\n<p>After applying the Increase %, Order Manager calculates the actual profit.<\/p>\n<p><strong>Actual Profit = Retail Price \u2212 Product Cost<\/strong><\/p>\n<p>If the actual profit is greater than or equal to the minimum profit, the calculated selling price is retained.<\/p>\n<p>If the actual profit is less than the minimum profit, Order Manager increases the retail price to satisfy the minimum profit requirement.<\/p>\n<h4>Example 1 \u2014 Minimum Profit Met<\/h4>\n<ul data-spread=\"false\">\n<li>Product Cost: $40.00<\/li>\n<li>Increase: 250%<\/li>\n<li>Calculated Retail Price: $140.00<\/li>\n<li>Actual Profit: $100.00<\/li>\n<li>Minimum Profit: $25.00<\/li>\n<\/ul>\n<p>Since the actual profit of $100.00 exceeds the required minimum profit of $25.00, the retail price remains $140.00.<\/p>\n<h4>Example 2 \u2014 Minimum Profit Not Met<\/h4>\n<ul data-spread=\"false\">\n<li>Product Cost: $40.00<\/li>\n<li>Increase: 20%<\/li>\n<li>Calculated Retail Price: $48.00<\/li>\n<li>Actual Profit: $8.00<\/li>\n<li>Minimum Profit: $25.00<\/li>\n<\/ul>\n<p>Since the actual profit of $8.00 is less than the required minimum profit of $25.00, the retail price must be increased.<\/p>\n<p><strong>Adjusted Retail Price = Product Cost + Minimum Profit<\/strong><\/p>\n<p>$40.00 + $25.00 = $65.00<\/p>\n<p>The adjusted retail price becomes $65.00, ensuring the required minimum profit is achieved.<\/p>\n<h2>Apply Pricing Formula to All Detailed Products in Product Family<\/h2>\n<p>This button allows you to apply the product family&#8217;s pricing formula to existing detailed products assigned to the selected family.<\/p>\n<p>This is particularly useful when updating selling prices after supplier cost changes or when revising your pricing structure.<\/p>\n<h3>Applying the Pricing Formula<\/h3>\n<ol data-spread=\"false\" start=\"1\">\n<li>Open the Maintain Product Family window.<\/li>\n<li>Review or modify the pricing ranges.<\/li>\n<li>Verify the Increase % and Min Profit $ values.<\/li>\n<li>Select the appropriate rounding option.<\/li>\n<li>Click&nbsp;<strong>Apply Pricing Formula to All Detailed Products in Product Family<\/strong>.<\/li>\n<li>Follow any prompts presented by Order Manager.<\/li>\n<\/ol>\n<p>Order Manager applies the family pricing formula to eligible detailed products assigned to the family.<\/p>\n<p><strong>Important:<\/strong>&nbsp;Detailed products with&nbsp;<strong>Base Pricing Formula Override<\/strong>&nbsp;selected are excluded from the family-wide pricing update.<\/p>\n<p>This allows selected detailed products to maintain their own pricing formulas.<\/p>\n<h3>Example<\/h3>\n<p>Suppose the Acrylic Awards product family contains 150 detailed products.<\/p>\n<p>You revise the pricing percentages to reflect increased supplier costs.<\/p>\n<p>Rather than opening and updating each detailed product individually, you can click&nbsp;<strong>Apply Pricing Formula to All Detailed Products in Product Family<\/strong>.<\/p>\n<p>Order Manager applies the revised pricing formula to eligible detailed products, excluding those with Base Pricing Formula Override selected.<\/p>\n<h2>Round the Unit Price By<\/h2>\n<p>The Round the Unit Price by field determines how calculated selling prices are rounded.<\/p>\n<p>For example, selecting&nbsp;<strong>Nearest 1\/4<\/strong>&nbsp;rounds the calculated unit price to the nearest $0.25 increment.<\/p>\n<table>\n<tbody>\n<tr>\n<th>Calculated Price<\/th>\n<th>Rounded Price<\/th>\n<\/tr>\n<tr>\n<td>$12.12<\/td>\n<td>$12.00<\/td>\n<\/tr>\n<tr>\n<td>$12.38<\/td>\n<td>$12.50<\/td>\n<\/tr>\n<tr>\n<td>$12.62<\/td>\n<td>$12.50<\/td>\n<\/tr>\n<tr>\n<td>$12.88<\/td>\n<td>$13.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This provides consistency in product selling prices.<\/p>\n<p><strong>Note:<\/strong>&nbsp;Price rounding is applied according to the selected rounding increment. Review the final selling price when minimum profit requirements are used.<\/p>\n<h2>Saving a Product Family<\/h2>\n<p>After entering or modifying the product family settings:<\/p>\n<ol data-spread=\"false\" start=\"1\">\n<li>Verify the product family name.<\/li>\n<li>Review the task workflow definition.<\/li>\n<li>Confirm the estimated person minutes.<\/li>\n<li>Review the pricing ranges and percentages.<\/li>\n<li>Verify the minimum profit requirements.<\/li>\n<li>Select the appropriate price rounding option.<\/li>\n<li>Click&nbsp;<strong>Save<\/strong>.<\/li>\n<\/ol>\n<p>Click&nbsp;<strong>Cancel<\/strong>&nbsp;to close the window without saving the current changes.<\/p>\n<p>Remember that saving changes to the family pricing formula does not, by itself, update existing detailed product prices.<\/p>\n<h2>Best Practices<\/h2>\n<p><strong>Organize Similar Products Together<\/strong><\/p>\n<p>Create product families for products that share similar pricing and production requirements.<\/p>\n<p><strong>Standardize Production Workflows<\/strong><\/p>\n<p>Assign appropriate task workflow definitions to product families to simplify production management.<\/p>\n<p><strong>Maintain Accurate Production Estimates<\/strong><\/p>\n<p>Review estimated person minutes periodically to ensure production scheduling reflects actual workloads.<\/p>\n<p><strong>Review Pricing Formulas Regularly<\/strong><\/p>\n<p>Update pricing percentages and minimum profit requirements as product costs change.<\/p>\n<p><strong>Use Pricing Overrides When Necessary<\/strong><\/p>\n<p>Allow detailed products with special pricing requirements to maintain their own pricing formulas.<\/p>\n<p><strong>Review Prices Before Applying Family-Wide Updates<\/strong><\/p>\n<p>Verify cost ranges, percentages, minimum profits, and rounding settings before applying pricing changes across multiple products.<\/p>\n<h2>Related Articles<\/h2>\n<ul data-spread=\"false\">\n<li><a href=\"https:\/\/bizwiziq-help.bizwiziq.com\/?page_id=4862\" style=\"outline: medium;\">Work With Product Families<\/a><\/li>\n<li>Maintain Products<\/li>\n<li>Maintain Detailed Products<\/li>\n<li>Task Workflow Definitions<\/li>\n<li>Product Pricing Formulas<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Overview The&nbsp;Maintain Product Family&nbsp;window allows you to create or modify a product family and establish common settings for the detailed products assigned to that family. These settings include: Product family name Task workflow definition Estimated person minutes Base pricing formulas Minimum profit requirements Unit price rounding Using these settings helps maintain consistent pricing and production [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":4862,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","tve_updated_post":"<div class=\"thrv_wrapper thrv_contentbox_shortcode thrv-content-box tve-elem-default-pad\" data-css=\"tve-u-6acfc3561cf9b2\" style=\"\">\n\t<div class=\"tve-content-box-background\"><\/div>\n\t<div class=\"tve-cb\"><div class=\"thrv_wrapper thrv_text_element\"><h2 data-pm-slice=\"1 3 []\" class=\"\">Overview<\/h2><p>The&nbsp;<strong>Maintain Product Family<\/strong>&nbsp;window allows you to create or modify a product family and establish common settings for the detailed products assigned to that family.<\/p><p>These settings include:<\/p><ul data-spread=\"false\" class=\"\"><li>Product family name<\/li><li>Task workflow definition<\/li><li>Estimated person minutes<\/li><li>Base pricing formulas<\/li><li>Minimum profit requirements<\/li><li>Unit price rounding<\/li><\/ul><p>Using these settings helps maintain consistent pricing and production information across related products.<\/p><\/div><div class=\"thrv_wrapper tve_image_caption\" data-css=\"tve-u-1a13b9e3727\"><span class=\"tve_image_frame\"><img class=\"tve_image wp-image-4869\" alt=\"\" data-id=\"4869\" width=\"665\" data-init-width=\"984\" height=\"385\" data-init-height=\"570\" title=\"maintain product family\" loading=\"lazy\" src=\"https:\/\/bizwiziq-help.bizwiziq.com\/wp-content\/uploads\/2026\/10\/maintain-product-family.png\" data-width=\"665\" data-height=\"385\" style=\"aspect-ratio: auto 984 \/ 570;\"><\/span><\/div><div class=\"thrv_wrapper thrv_text_element\">\t<h2>Product Family Information<\/h2><h3>Name<\/h3><p>Enter a descriptive name for the product family.<\/p><p>For example:<\/p><ul data-spread=\"false\"><li>Acrylic Awards<\/li><li>Crystal Awards<\/li><li>Drinkware<\/li><li>Plaques<\/li><li>Traditional Trophies<\/li><\/ul><p>Choose a name that clearly identifies the products belonging to the family.<\/p><h3>Task Workflow Definition<\/h3><p>Select the task workflow definition associated with the product family.<\/p><p>A task workflow definition identifies the production tasks required to complete a product.<\/p><p>For example, an Acrylic Awards workflow might include:<\/p><ol data-spread=\"false\" start=\"1\"><li>Artwork Preparation<\/li><li>Engraving<\/li><li>Assembly<\/li><li>Quality Inspection<\/li><\/ol><p><strong>Detailed products assigned to the product family automatically inherit the family's task workflow definition.<\/strong><\/p><p>This helps standardize production processes and reduces the need to configure the same workflow for each detailed product individually.<\/p><p>Use the dropdown to select a task workflow definition. The ellipsis (...) button provides access to the additional workflow selection or maintenance function.<\/p><h3>Estimated Person Minutes<\/h3><p>Enter the estimated number of person minutes required to complete production work associated with the product family.<\/p><p>This value is used for&nbsp;<strong>production scheduling and workload estimates<\/strong>.<\/p><p>For example:<\/p><p>If the Estimated Person Minutes is set to 5, the estimated production labor requirement is five person minutes per applicable unit.<\/p><p>For an order requiring 20 units:<\/p><p><strong>20 units \u00d7 5 minutes = 100 person minutes<\/strong><\/p><p>This information helps estimate production workloads and supports scheduling decisions.<\/p><p>Estimated Person Minutes is not used to calculate the product's selling price.<\/p><h2>Base Pricing Formula<\/h2><p>The Base Pricing Formula allows you to establish pricing rules based on product cost.<\/p><p>Different pricing percentages and minimum profit requirements can be assigned to different cost ranges.<\/p><h3>Auto Apply Base Pricing Formula to Product Family<\/h3><p>Select this checkbox to enable automatic application of the product family's base pricing formula.<\/p><p><strong>Important:<\/strong>&nbsp;Selecting this checkbox does not immediately recalculate the prices of existing detailed products.<\/p><p>To update existing detailed product prices, click&nbsp;<strong>Apply Pricing Formula to All Detailed Products in Product Family<\/strong>.<\/p><h3>Pricing Formula Fields<\/h3><table><tbody><tr><th>Field<\/th><th>Description<\/th><\/tr><tr><td>Cost Start<\/td><td>Beginning product cost for the pricing range.<\/td><\/tr><tr><td>Cost End<\/td><td>Ending product cost for the pricing range.<\/td><\/tr><tr><td>Increase %<\/td><td>Percentage increase applied to the product cost.<\/td><\/tr><tr><td>Min Profit $<\/td><td>Minimum dollar profit required for the pricing range.<\/td><\/tr><\/tbody><\/table><h3>Cost Start and Cost End<\/h3><p>These fields define the product cost range to which a pricing formula applies.<\/p><p>For example:<\/p><table><tbody><tr><th>Cost Start<\/th><th>Cost End<\/th><th>Increase %<\/th><th>Min Profit $<\/th><\/tr><tr><td>$0.00<\/td><td>$50.00<\/td><td>250%<\/td><td>$25.00<\/td><\/tr><tr><td>$50.01<\/td><td>$100.00<\/td><td>247%<\/td><td>$0.00<\/td><\/tr><tr><td>$100.01<\/td><td>$200.00<\/td><td>245%<\/td><td>$0.00<\/td><\/tr><\/tbody><\/table><p>When calculating the selling price, Order Manager determines which cost range contains the product cost and applies the corresponding pricing formula.<\/p><p><strong>Example:<\/strong><\/p><p>A detailed product with a cost of $40.00 falls within the first pricing range and receives a 250% increase.<\/p><h3>Increase %<\/h3><p>The Increase % field specifies the percentage added to the product cost to determine the retail selling price.<\/p><p><strong>Formula:<\/strong><\/p><p>Retail Price = Product Cost \u00d7 (1 + Increase % \u00f7 100)<\/p><p><strong>Example:<\/strong><\/p><ul data-spread=\"false\"><li>Product Cost: $40.00<\/li><li>Increase: 250%<\/li><li>Calculated Increase: $100.00<\/li><li>Retail Selling Price: $140.00<\/li><\/ul><p>The calculated retail selling price is $140.00.<\/p><h3>Minimum Profit $<\/h3><p>The Min Profit $ field establishes the minimum dollar profit that must be achieved when calculating the retail selling price.<\/p><p>After applying the Increase %, Order Manager calculates the actual profit.<\/p><p><strong>Actual Profit = Retail Price \u2212 Product Cost<\/strong><\/p><p>If the actual profit is greater than or equal to the minimum profit, the calculated selling price is retained.<\/p><p>If the actual profit is less than the minimum profit, Order Manager increases the retail price to satisfy the minimum profit requirement.<\/p><h4>Example 1 \u2014 Minimum Profit Met<\/h4><ul data-spread=\"false\"><li>Product Cost: $40.00<\/li><li>Increase: 250%<\/li><li>Calculated Retail Price: $140.00<\/li><li>Actual Profit: $100.00<\/li><li>Minimum Profit: $25.00<\/li><\/ul><p>Since the actual profit of $100.00 exceeds the required minimum profit of $25.00, the retail price remains $140.00.<\/p><h4>Example 2 \u2014 Minimum Profit Not Met<\/h4><ul data-spread=\"false\"><li>Product Cost: $40.00<\/li><li>Increase: 20%<\/li><li>Calculated Retail Price: $48.00<\/li><li>Actual Profit: $8.00<\/li><li>Minimum Profit: $25.00<\/li><\/ul><p>Since the actual profit of $8.00 is less than the required minimum profit of $25.00, the retail price must be increased.<\/p><p><strong>Adjusted Retail Price = Product Cost + Minimum Profit<\/strong><\/p><p>$40.00 + $25.00 = $65.00<\/p><p>The adjusted retail price becomes $65.00, ensuring the required minimum profit is achieved.<\/p><h2>Apply Pricing Formula to All Detailed Products in Product Family<\/h2><p>This button allows you to apply the product family's pricing formula to existing detailed products assigned to the selected family.<\/p><p>This is particularly useful when updating selling prices after supplier cost changes or when revising your pricing structure.<\/p><h3>Applying the Pricing Formula<\/h3><ol data-spread=\"false\" start=\"1\"><li>Open the Maintain Product Family window.<\/li><li>Review or modify the pricing ranges.<\/li><li>Verify the Increase % and Min Profit $ values.<\/li><li>Select the appropriate rounding option.<\/li><li>Click&nbsp;<strong>Apply Pricing Formula to All Detailed Products in Product Family<\/strong>.<\/li><li>Follow any prompts presented by Order Manager.<\/li><\/ol><p>Order Manager applies the family pricing formula to eligible detailed products assigned to the family.<\/p><p><strong>Important:<\/strong>&nbsp;Detailed products with&nbsp;<strong>Base Pricing Formula Override<\/strong>&nbsp;selected are excluded from the family-wide pricing update.<\/p><p>This allows selected detailed products to maintain their own pricing formulas.<\/p><h3>Example<\/h3><p>Suppose the Acrylic Awards product family contains 150 detailed products.<\/p><p>You revise the pricing percentages to reflect increased supplier costs.<\/p><p>Rather than opening and updating each detailed product individually, you can click&nbsp;<strong>Apply Pricing Formula to All Detailed Products in Product Family<\/strong>.<\/p><p>Order Manager applies the revised pricing formula to eligible detailed products, excluding those with Base Pricing Formula Override selected.<\/p><h2>Round the Unit Price By<\/h2><p>The Round the Unit Price by field determines how calculated selling prices are rounded.<\/p><p>For example, selecting&nbsp;<strong>Nearest 1\/4<\/strong>&nbsp;rounds the calculated unit price to the nearest $0.25 increment.<\/p><table><tbody><tr><th>Calculated Price<\/th><th>Rounded Price<\/th><\/tr><tr><td>$12.12<\/td><td>$12.00<\/td><\/tr><tr><td>$12.38<\/td><td>$12.50<\/td><\/tr><tr><td>$12.62<\/td><td>$12.50<\/td><\/tr><tr><td>$12.88<\/td><td>$13.00<\/td><\/tr><\/tbody><\/table><p>This provides consistency in product selling prices.<\/p><p><strong>Note:<\/strong>&nbsp;Price rounding is applied according to the selected rounding increment. Review the final selling price when minimum profit requirements are used.<\/p><h2>Saving a Product Family<\/h2><p>After entering or modifying the product family settings:<\/p><ol data-spread=\"false\" start=\"1\"><li>Verify the product family name.<\/li><li>Review the task workflow definition.<\/li><li>Confirm the estimated person minutes.<\/li><li>Review the pricing ranges and percentages.<\/li><li>Verify the minimum profit requirements.<\/li><li>Select the appropriate price rounding option.<\/li><li>Click&nbsp;<strong>Save<\/strong>.<\/li><\/ol><p>Click&nbsp;<strong>Cancel<\/strong>&nbsp;to close the window without saving the current changes.<\/p><p>Remember that saving changes to the family pricing formula does not, by itself, update existing detailed product prices.<\/p><h2>Best Practices<\/h2><p><strong>Organize Similar Products Together<\/strong><\/p><p>Create product families for products that share similar pricing and production requirements.<\/p><p><strong>Standardize Production Workflows<\/strong><\/p><p>Assign appropriate task workflow definitions to product families to simplify production management.<\/p><p><strong>Maintain Accurate Production Estimates<\/strong><\/p><p>Review estimated person minutes periodically to ensure production scheduling reflects actual workloads.<\/p><p><strong>Review Pricing Formulas Regularly<\/strong><\/p><p>Update pricing percentages and minimum profit requirements as product costs change.<\/p><p><strong>Use Pricing Overrides When Necessary<\/strong><\/p><p>Allow detailed products with special pricing requirements to maintain their own pricing formulas.<\/p><p><strong>Review Prices Before Applying Family-Wide Updates<\/strong><\/p><p>Verify cost ranges, percentages, minimum profits, and rounding settings before applying pricing changes across multiple products.<\/p><h2>Related Articles<\/h2><ul data-spread=\"false\"><li><a href=\"https:\/\/bizwiziq-help.bizwiziq.com\/?page_id=4862\" class=\"\" style=\"outline: medium;\">Work With Product Families<\/a><\/li><li>Maintain Products<\/li><li>Maintain Detailed Products<\/li><li>Task Workflow Definitions<\/li><li>Product Pricing Formulas<\/li><\/ul><\/div><\/div>\n<\/div>","tve_custom_css":"@media (min-width: 300px){[data-css=\"tve-u-6acfc3561cf9b2\"] { margin-top: 0px !important; margin-bottom: 10px !important; padding: 10px !important; }[data-css=\"tve-u-1a13b9e3727\"] { width: 984px; }}","tve_user_custom_css":"","tve_globals":{"e":"1","font_cls":[]},"tcb2_ready":1,"tcb_editor_enabled":1,"tve_landing_page":"","_tve_header":"","_tve_footer":""},"class_list":["post-4867","page","type-page","status-publish","hentry","post-wrapper","thrv_wrapper"],"_links":{"self":[{"href":"https:\/\/bizwiziq-help.bizwiziq.com\/index.php?rest_route=\/wp\/v2\/pages\/4867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizwiziq-help.bizwiziq.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bizwiziq-help.bizwiziq.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bizwiziq-help.bizwiziq.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bizwiziq-help.bizwiziq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4867"}],"version-history":[{"count":2,"href":"https:\/\/bizwiziq-help.bizwiziq.com\/index.php?rest_route=\/wp\/v2\/pages\/4867\/revisions"}],"predecessor-version":[{"id":4870,"href":"https:\/\/bizwiziq-help.bizwiziq.com\/index.php?rest_route=\/wp\/v2\/pages\/4867\/revisions\/4870"}],"up":[{"embeddable":true,"href":"https:\/\/bizwiziq-help.bizwiziq.com\/index.php?rest_route=\/wp\/v2\/pages\/4862"}],"wp:attachment":[{"href":"https:\/\/bizwiziq-help.bizwiziq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}