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The Price Setting package can be used in the following scenarios:
Standalone Price List | Covers price setting for just one price list (e.g. one dependency). (You can set up more dependencies, but there will be no link between these dependencies and they will share the same parameters.) |
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Independent Price List → Dependent Price List | Covers price setting on the independent/dependent level. First, prices are calculated on the independent level. Then dependent prices are calculated based on these independent prices with surcharges. |
For now, the package allows you to define only one Independent/Dependent group. It is prepared with the goal of supporting multiple groups (available in future releases). Independent price lists are a base for dependent price lists; this allows to create various pricing scenarios. For example: define an independent "global" price list and then define dependent "country" price lists that will have prices based on the "global" one.
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E-Commerce Package is tailored to be used in Dynamic Pricing Context. Therefore it supports price setting in Live Price Grids (LPG). Also, the Price Flexibility Package is fully compatible to "monitor" independent LPGs.
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For detailed documentation see Calculation Engines.
Strategy Importance Configuration
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Exceptions and overrides can be configured separately on a dependent and independent level. Detailed configuration description can be found in Exceptions and Manual Override Allowance Config.
Hierarchy
Calculation logics contain the final output values. One of them is a price decision (which contains info about which price / price strategy we calculate, or reason for a price) and the other is a Final Price which contains a price after calculations. Exceptions and overrides have a strong connection to these values. With the default settings, our hierarchy looks like this:
Order | Name | Price for calculation | Price Decision | Necessary Action |
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1 | Manual Price Override | Price from the Manual Price field | Default comment is inserted if none given; | Type a price in the Manual Price field. |
2 | Manual Strategy Override | Price from PriceSelector | Default exception message with | Choose a strategy from the PriceSelector drop-down. |
3 | Price Exception | Price from the exception table | Default exception table message | Set up an exception for the product in the table. |
4 | Strategy Exception | Price from a price strategy chosen in the exception | Default exception message with | Set up an exception for the product in the table |
5 | Base strategy from PriceSelector | Price from the first price strategy | Name of the price strategy | N/A |
We can skip some levels of this hierarchy by changing the Manual Override Allowance configuration. For example, when we set the Independent Manual Override for a price to "ExceptionTable", it will disable the Manual Price Override from this hierarchy.
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Some price checks are performed on calculated results. Values for price check results are configurable in the respective pricing parameters.
Price Check | Independent Level | Dependent Level | Description |
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Minimum Margin | Yes | Yes | Minimum margin for a specific product checked against the calculated margin |
Adjusted Price Corridor | No | Yes | Deviation between the independent level adjusted price and final list price |
List Price Corridor | No | Yes | Deviation between the independent level price and final list price |
Minimum Margin Price | Yes | Yes | A price calculated based on available minimum margin percent, cost and discount data. This is a minimum price at which Minimum Margin will be achieved. Formulas used for calculation are:
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Sales and Forecast data
The calculation will show the following information when transaction data lookups are configured:
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Details of possible lookup and configuration options can be found in Transaction in Transaction Config and Projection Config.
Standard Configuration
Technically, E-Commerce Package is a pre-configured version of Accelerate Price Setting Package and it can be freely fine-tuned using all Price Setting Package configurations and features. By default it comes with some standard configuration. This includes some structures (PX, PP) as well as pre-configured data in configuration PPs.
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