Update Relevant Competition Data (Price Setting)

This article describes how to update the relevant/target competition data for the out-of-the-box Competition Based pricing strategy.

1. Navigate to the Company Parameters page, and search for tables with name ending with “RelevantCompetitionData”. They hold the relevant competitors which you want to take into account. Note that it does not have to be set up.
   
   

   Open

   

   Example of a table with relevant competitors for the Competition Based strategy, without the tables for specific Pricing Level

2. Select the table to modify. Decide for which Pricing Level you want to set up the relevant competitor. You can either set it for:

   1. very specific Pricing Level (for example in “GermanyRelevantCompetitionData”),

   2. or for some of the parent Pricing Levels (for example in “GlobalRelevantCompetitionData”),

   3. or eventually for all in the able “RelevantCompetitionData” (called also fallback).
      
      

3. Define the relevant competitors for a combination of Product Segmentations.
   
   

   Open

   

   Example of relevant competitors for several Product Segments.

    

4. Recalculate the price list/grid and ensure your adjustment changes are used.