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Table of Contents
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Introduction
This exercise will summarizes the Optimized Pricing Guidance Results for Product Recommendation approach used in your quotes for cross sell and up sell opportunities.
Business Scenario
Today you are a Pricing Analyst, and you must determine the ideal recommended product for your sales quotes at your company.
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For this exercise, you will navigate through and existing Quote with available recommended products list, identify the optimized product recommendation model used and the different conditions created in the company parameter tables (no calculations execution is required).
Review the Quote
For adding recommended products into the quotes, there are two options available:
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Click on the “Pricefx” icon on the top-left corner to go back to the Home page.
Review Pricing Parameters tables
Pricing or Company Parameters are internal tables designed to store rules, conditions, and results for different Pricefx capabilities. For the Optimization and Negotiation Guidance models, these tables store the optimized results. For this example, you can see the product/customer recommendations created from the optimization model.
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Click on the “Pricefx” icon in the top-left corner to go back to the Home page.
Review Product Extension tables
Pricefx offers Product Extension tables to store alternative products to be added into the quote manually
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Click on the “Pricefx” icon on the top-left corner to go back to the Home page.
Overview of the Optimization-Product Recommendation Model functionality
Model types include different models that perform scientific-based optimization. The Product Recommendation model pre-calculates in the optimization producing queries and stores the results in the pricing parameters tables to be easily accessed in the quotes by recommendation (the logic pulls the recommended products from the pricing parameters tables after the optimization).
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