Installation (Optimization - List Price)

Owned by Ondřej Tesař
Sept 11, 2024
2 min read

List Price Optimization Accelerator deploys a standard List_Price_Optimization Model Class that optimizes the list prices given various constraints.

In this section, you will find all information to deploy and run a standard list price optimization. More details on the usage are given in the Business User Reference.

Prerequisites

Before you start the installation of the accelerator, ensure you have the according Transactions Datamart or Data Source. Some important points about it:

  • It must contain the required fields – create them if needed:

    • Product field – ID of each product/article/SKU.

    • Product Group field - categorical values that define the products.

    • Customer Level field – categorical values that define the customers.

    • Quantity field – Number of products in each transaction.

    • List Price field – Extended value: revenue at list price of the transaction.

    • Discount field – Extended value.

    • Invoice Price field – Extended value: invoiced revenue of the transaction.

    • Rebates field – Extended value.

    • Net Price field – Extended value: net revenue of the transaction.

    • Gross Margin – Extended value.

  • Avoid null values in the dimensions: Product, Product Group, and Customer Level. If necessary, create a new field by using an expression that replaces empty values with a text like “Not provided”.

For more details, refer to Data Requirements.

Deployment

  1. Access PlatformManager at https://platform.pricefx.com/ and log in with your account or using O365. If you do not have an account yet, contact Pricefx Support.

  2. Go to Marketplace and find the Optimization - List Price accelerator.

  3. Click the accelerator tile, select the partition where you want to deploy the accelerator package and confirm the deployment dialog to start.
    For detailed description of all deployment options, see PlatformManager documentation.

  4. Set up the default mapping.

    image-20240517-133731.png

  5. Some rules apply in the mapping:

    • The numerical values must be extended.

    • Avoid null values in Text fields.

  6. Click Continue and wait until the deployment is complete.

Optimization Engine Setup

Optimization Engine is required to run some steps of the model. It is deployed and configured automatically with the accelerator. You may need to wait a few minutes to get it enabled on your partition if that was not the case earlier on.

Also note that it is better to deploy the accelerator to a new partition than copy the logic from one partition to another because then the engine will not be enabled and configured.