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Home - a starting page of Pricefx which that displays all software functional areas of software. It can be customized according to user preferences.
Master Data - is a term used to define key data tables that are essential for software functionality.
Product Master - a table that includes product data with a variety of various attributes.
Product Extensions - a type of data table that contains containing additional product information, for example, such as costs, competition data, etc.
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Customer Extensions - a type of data table that contains containing additional customer information, for example, such as sold-to, hierarchy, etc.
Transaction data - records of the product sales that are used in Analytics and for price calculations. Transactions are stored in Data Manager in Analytics.
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Excel Client - a tool based on Excel macros that allow to modify and upload the data to a particular partition.
Configuration Wizard - is an area to modify different pricing setups in a simple, step-by-step way without any programming knowledge.
Workflows - a process that enables approval of the documents and can be set up for different Pricefx functional areas.
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PlatformManager - user interface for managing simple data uploads, choosing and deploying integration templates, and scheduling product updates.
IntegrationManager is a back- a backend end interface that manages data transformation and uploading into the Pricefx data tables.
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Rollups - a type of data analysis table that allows a higher level of aggregation and displays it on different charts.
Datamart - is a type of data table which that includes a combination of multiple data sources and is used for analytics.
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PriceLists - an area in Price Setting that allows the creation of multiple tables with products and calculated prices based on the basis of calculation logic.
Live Price Grids - a type of price list with products and calculated by logic prices which should be recalculated several times per day depending on new data (e.g., competition) updates.
Simulations - an area in Price Setting where users can analyze the impact of some price parameters change on the final price in PriceLists and in Live Price Grids.
PL and LPG types - an area in Price Setting where the available types of Pricelists (PL) and Live Price Grids (LPG) are stored. Usually, those types are programmed by the concrete calculation logic and used when new PL or LPG are created.
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Quote Line item - a product item that is added to the quote with a defined quantity. One quote can have multiple line items.
Approval Workflow - a process of approving the quotes when the content of the quote does not fit into the defined thresholds (e.g., minimum margin). Approval workflows should be programmed in the calculation logic. There could be multiple approval workflows that are connected to different user groups in the Pricefx software.
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Rebate Line item - a rebate item that defines a particular type of condition that should be fulfilled by another party, e.g., if you sell 10000 units, you get 3% back. One rebate can have multiple line items.
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Ship and Debit Claims - one of the Pricefx functional areas where users can create and manage shit and debit claims.
Claim Records - the table that contains containing the records of the approved claims' records to be processed and paid out.
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Models Types - an area where the pre-programmed types of optimization approach are displayed. The types are used to create an optimization model based on the base of the defined data and optimization target.
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Policy records - a table with the optimization records that have been approved to be used in other functional areas, e.g., quotes, price setting, analytics, rebates.
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Product Costs - the cost of production (types: standard, fixed, variable, avoidable, internal transportation, internal storage)
Quantity/Volume – the amount of product sold
Margin – the product's price of the product - cost; margin is usually is the key profitability indicator.
Target Margin – the amount of profit expected to receive from a product sold
Purchase price – acquisition costs of the product that is produced somewhere else
Price indexes – price variation that is market and material related (example: oil, grains)
Competition price – the price of a competitor with a similar product
Packaging price – the price of packaging which is counted as an extra cost
Stock - inventory of the product
SKU - stock-keeping unit
Transportation costs (freight costs) – the costs to move products
Floor price - lowest price calculated on the base of profitability
Price ceiling - the highest price for selling a product
Distributor price – wholesale price in B2B businesses (example: manufacturer sells tyers to distributor)
Bottom-up pricing - method in which all the costs are calculated first, and the desired profit is added to the total cost to calculate the price
Top-down pricing - method in which the price is calculated based on the basis of the perceived value of the product by the customer and then pushed down
Global pricing – global price setting that is applicable for all business units
Local pricing – regional price setting that comes on top of the global pricing
Product Life Cycle – product life stages reflected mostly in sales: introduction, growth, maturity, decline
Pocket margin – final margin (profit before taxes)
Margin Leakage – areas where the company loses money
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