You can change the regular price when changing the cost (Edit Selected Items) in the purchase order.
We don’t have an alert for pricing. But you can build a query for margin below a certain point, then bulk update prices.
You can also set up price by suggested margin:
Setting Up Pricing by Margin
The margin could be based on list cost, average cost or last landed cost. See switches 023 and 024 in the store settings.
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