The administration of new products is managed by the buying category team.
When the final laboratory analysis is complete, the Category Administrator will request pricing for the product. Pricing Administration will calculate the LCBO retail price based on the wholesale price and a discretionary LCBO retail markup. If the quote is in a foreign currency, the exchange rate in effect at the time of pricing is applied.
The Supplier quote for new products will have been entered into NISS by the Agent when the application was first completed. The final calculated retail price is provided back to the buying category team for review and approval.
LCBO Retail Pricing Estimation Tool
