Introduction

This learning path is designed for individuals who need to gain insights into the concepts and capabilities of the Price Setting Package Accelerator and how to use it for implementing and creating pricing strategies for products and customers. It is separated into multiple tiers that are dependent upon your expected role with this Pricefx Accelerator.

Learning Prerequisites

Make sure that you have these aspects covered before moving on to the course.

• Data Management

• Pricing Basics

• Pricing Terminology

• Price Setting Capability

Learning Synopsis

Price Setting Package (PSP) is a comprehensive pricing solution with advanced features for effective pricing strategy management. The Pricefx Price Setting Accelerator is highlighted within this learning path, offering organizations flexibility to define and optimize pricing strategies across various levels. It includes global, regional, product, customer segment, contract, promotional, and dynamic pricing features, allowing users to tailor decisions to specific market conditions.

You can establish pricing rules, discounts, promotions, and contract terms at different levels to ensure consistency with business goals. The tool also enables real-time price adjustments based on market dynamics and competitive pressures. Overall, the Pricefx Price Setting Accelerator empowers organizations to achieve pricing excellence and competitive advantage.

Learning Objectives

Core topics and takeaways:

• Understanding the value and functionality of various accelerators like sales insights, customer insights, and price setting.

• Learning how accelerators can provide data-driven decisions for businesses.

• Understanding how to effectively use the PSP accelerator and administer it.

• Learning how to calculate prices for products using various pricing strategies.

• Learning about calculating prices, strategies, and data flexibility in pricing configurations.

• Understanding the concepts of independent and dependent pricing strategies in PSP.

• Exploring the minimum data requirements for installing PSP and setting up installations for different source types.

• Learning how to use out-of-the-box pricing strategies and create new ones using the strategy designer.

• Learning about creating new price lists using PSP

• Understanding different types of calculations and adjustments in pricing strategies

🚘 Learning Journey

The learning path for the Price Setting Package Accelerator is divided into three distinct tracks, each tailored to your specific role and application usage. These paths are designed to be experienced in a sequential order, as each subsequent level builds upon the knowledge acquired in the preceding learning path(s).

This structured approach ensures that learners have the necessary foundation before progressing to more advanced concepts, optimizing the learning experience and maximizing the effectiveness of the Price Setting Package Accelerator Learning Path.

• PSP Learning Path for All Audiences

• PSP Learning Path for Administrators

• PSP Learning Path for Configuration Engineer