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Price Setting

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Value for Users

The Price Setting functionality helps to define and manage pricing strategy, providing the tools to calculate, simulate and publish all your product prices. 

The module supports price policy definition, setup of price guidelines, calculations, and simulations of gross, special, and net prices including algorithmic optimization, as well as the rule-based or manual approval of price calculation results.

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Typical Business Challenges in Price Settings

• Slow and laborious mass price updates that occupy the pricing team for weeks

• Slow response to changes in cost, competition, and demand

• Reducing profit margins resulting from uncontrolled and inconsistent discounting practices

• Difficulty managing increasingly complex pricing strategy, rules, and guidelines

Typical User Scenarios for

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Solving Challenges

The module can be used for the following scenarios: 

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Scenario #2: The company resells the products to other businesses and calculated the prices depending on the country and product group. There are different price lists for different countries and they are updated on year to year basis.

To see Pricelists PriceLists in action, check our video tutorials.

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The product/customer price adjustments need to be changed and we want to see the impact on the resulting price before changing/reviewing existing pricelists.

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Getting Started with Price Setting

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Pricefx offers Accelerate Price Setting Package that can help to start using tool capabilities faster than the traditional implementation approach.

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• Competition Based Pricing

• RRP (Recommended Retail Price)

• Promotion Pricing

• Cost Plus

• Price Increase

• Value-Based Pricing

Implementation

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Examples

Consumer Electronics - 30 million prices recalculation and distribution, global competition-based pricing strategy, instant prices export.

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