Product Pricing Updates

Product Pricing Updates. Optical Gallery’s October 1, 2024 Price Increase Introductory Guide..

INTRODUCTION.

Pricing Optical Products. 01.

[Audio] Our new pricing adjustments for lenses and services have been designed to position us competitively in the market while maintaining our high standards. We are confident that these changes will cover our rising costs and reflect the increased cost of materials. Our commitment to providing exceptional value to our customers remains at the core of our decision-making process. We anticipate that you may have concerns about these changes and invite you to contact us with any questions or inquiries..

[Audio] October 1, 2024 is the effective date of a price increase for lenses and services. This presentation is designed to inform optical sales staff about the changes taking place. The aim is to provide customers with the necessary information to guide them effectively on the new pricing and product options. It is important to ensure a smooth transition for customers and sales staff through this knowledge..

[Audio] Top 5 highlights for in-house lenses, including the new in-house lens descriptions, coatings, vendors, and special order versus in-stock lenses. Coatings are organized into AR, PhChrm and add-on services, with a flat rate for all vendors. We hope you find this information helpful as you prepare for the October 1, 2024 price increase..

[Audio] Discuss different types of vision correction lenses available: single vision, progressive, and bi-focal. Single vision lenses are designed for reading, distance or intermediate vision and have a fixed focus point without lines. Progressive lenses have distance, near and intermediate focal points in each lens without lines and provide a smooth transition between different distances. Bi-focal lenses include distance and reading RX in one lens with lines separating the RX. Executive bifocal lenses have a line going all the way across the lens but are rarely used by customers today. When selecting a focal type for vision correction, consider single vision, bi-focal or progressive lenses. These lenses offer a range of vision correction options and are designed to meet your individual needs..

[Audio] The three keys to correct pricing are: The first key is to confirm with the customer on the recommended focal type, sometimes a polycarbonate recommendation will involve a customer wanting N-V-O and D-V-O lenses instead of a polycarbonate set. The second key is to consider certain patients for polycarbonate lenses, including children under 18, sports uses, and any other protective need to ensure the safety of the eyes is paramount. The third key is to ensure that if additional coatings are added to vendor special order lenses, the appropriate color code is matched to the lens description (and/or universal white) to add to the lens cost for the full total amount due..

[Audio] We present the price increase in this document. The associated cost includes the AR or PhChrm if the lens description includes a plus AR or plus Transitions. Local competitive rates, vendor wholesale costs, and our profit margin were analyzed to determine the price increases for specific new lenses added to our price sheet. Our material updates are affordable to premium, and we have a new lens vendor V-S-P--. Price increases vary, and we have additional highlights to share with you..

[Audio] Single vision lenses are available in various options. The plastic clear (K-Mars) lens is the most budget-friendly option. V-S-P offers premium hi-index options, including new kid-focused EyeZen lenses and P-A-L uncoated s/o lens. These lenses are suitable for those looking for premium options with higher index ratings. The K-Plastic P-A-L uncoated s/o lens is the most affordable option, priced at $250. V-S-P offers in-house options, priced at $275, with a limited warranty for rush use only. For those seeking premium options, V-S-P and O-S-I offer premium P-A-L and/or varilux brand lenses, priced at a minimum of $400. V-S-P offers Basic SV, Basic P-A-L--, and Premium P-A-L lenses, priced at $70, $250, and under $600, respectively..

[Audio] We have provided a comprehensive guide to navigate through the price changes. The guide is easy to understand and use. Please review the guide and make sure we are all on the same page..

[Audio] This presentation is on the price increase. Remember, asking a question is fool for a moment. Be informed and aware of changes, especially when it comes to pricing. We want to make sure you are well-equipped to handle the upcoming price increase. Take a moment to review the document and understand the changes coming. We encourage questions and seek information to avoid being caught off guard and make the best decisions for your business..

[Audio] 13. October 1, 2024 price increase.. RX Cheat Sheet.

[Audio] Sales order/special order process involves several steps to ensure high-quality products and services. Submitting a sales order or special order can be done through our online platform or by contacting our customer service team. The ordering of a lens is done next. Quality control checks on prescription lenses and special equipment are performed by our expert technicians after delivery. These checks include accuracy on reading glasses and prescription glasses, frame measurements, and other important factors. The completed order is added to our order log spreadsheet. By following these steps, we provide high-quality products and services to our customers..

[Audio] Infographics are a powerful tool for communicating information in a visually engaging way. With so many different types available, it can be difficult to determine which one is the best fit for your needs. In this guide, we will explore the different types of infographics and their uses. We will discuss the benefits of single vision, multi-focal, and multi-vision infographics, and help you decide which one is the best option for you. Whether you are looking to communicate information for distance, reading, or intermediate use, we have the resources you need to help you make an informed decision. So whether you are a beginner or an experienced professional, we encourage you to take a closer look at the different types of infographics and their uses. With the right information, you can make the most out of this price increase..

[Audio] Discuss the differences between single vision primary lens type and Progressive Addition Lenses (PALs). Single vision primary lens type is used by approximately 60-70% of individuals under the age of 40 and 30-40% of individuals over the age of 40. It offers simplified vision correction for one distance, typically less expensive, and easier to adapt to. However, single vision primary lens type requires multiple pairs of glasses for different tasks, such as reading and distance, which can be inconvenient. It is not suitable for presbyopia. In contrast, Progressive Addition Lenses (PALs) provide a seamless solution for multiple vision distances—near, intermediate, and far—making them ideal for individuals with presbyopia. They eliminate the need for multiple pairs of glasses, but come at a higher cost and can take some time to adjust to due to the gradual changes in lens power. Additionally, they may require more precise fitting..

[Audio] We created a table that shows the prices of the different SV lenses and CR-39 lenses. The prices of the SV lenses have increased from $65 to $250 for the new plastic PAL. The prices of the CR-39 lenses have also increased from $70.00 to $200. If you have any questions about the price increase or the differences between the old and new price sheets, please reach out to us..

[Audio] Review the October 1, 2024 price increase for lens sales by vendor, including data on the Venus and OSI VSPs, as well as the K-Mars vendor. This information is crucial for you to make informed decisions about your business..

[Audio] The training quizzes available for the price increase on October 1, 2024 cover everything from basic definitions and terminology, to reading RX and customer service training. These quizzes are required for all employees and are designed to help you get up to speed on the basics of the price sheet increase. So, if you want to be fully prepared for the price increase, be sure to take advantage of these training quizzes..

[Audio] If you have any questions, please don't hesitate to ask. We are here to help..

[Audio] We are going to discuss the October 1, 2024 price increase. We will provide you with an introductory guide to help you understand the changes that will be coming. On slide 21, there is a Pack Icon. This icon represents the pack of products that will be affected by the price increase. It is important to note that not all products will be affected, and only those that are included in the pack will see a price increase. We want to make sure that you are aware of this icon and what it represents, so that you can better understand the changes that will be coming..

[Audio] Introductory guide to the October 1, 2024 price increase for our customers. We understand the challenges this may present and want to support you in any way we can. If you require additional support, here are some resources that may assist you: Online support groups for customers facing price increases Customer service representatives who can offer additional information and support Financial advisors who can help you manage the financial effects of the price increase Online tools and resources for budgeting and financial advice Local community organizations that offer assistance and support..

[Audio] Our resources are available for free on our other websites and are designed to assist you in navigating the price increase on October 1, 2024. Whether you're a finance professional or a business owner, our resources will provide you with the information and tools you need to make the transition as easy as possible. Check out our other websites for more resources and take advantage of this opportunity to guide your business through this transition..

[Audio] This guide will provide you with all the necessary information to prepare for the October 1, 2024 price increase. With Slidesgo, you can modify this template to fit your personal and commercial projects. Be sure to refer to our faqs or visit our blog for more information on editing slides. As a free user, you are allowed to use this template for personal and commercial projects. However, you are not allowed to sublicense, sell or rent any of Slidesgo Content (or a modified version of Slidesgo Content). We hope that you find this guide useful and helpful in preparing for the price increase. Thank you for choosing Slidesgo..

[Audio] We provide a professional-looking presentation that can be used for both personal and commercial purposes. Our template can be customized to fit your needs..

[Audio] We created our presentation using a variety of fonts and colors..

[Audio] Experience captivating narrative with Storyset feature now..

[Audio] We will discuss the price increase on October 1, 2024. The guide provided will help you understand the changes that will occur. The infographics in the document are resizable and can be easily customized to fit your needs. If you need more infographics, you can find them on Slidesgo. They offer a wide range of editable graphic resources that you can use to create your own content..

[Audio] The following should be included in a table:.

[Audio] This increase will affect all other products and services and take effect on the specified date. Please refer to the document for more information on pricing changes and how they may impact your purchases..

[Audio] Review this document carefully and take the necessary steps to ensure a smooth transition on October 1, 2024..

[Audio] Refer to the document for all the necessary information regarding the price increase on October 1, 2024. Encourage thorough review of the document and contact if questions or concerns arise. Thank you for support..

[Audio] We have created a guide that will help you understand the changes and make informed decisions..

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