Price Setting Capability Learning Path

Owned by Ondřej Tesař
Sept 27, 2024
2 min read

Introduction

This learning path is designed for individuals who need to gain insights into the concepts and capabilities of Price Setting and Strategy Designer within Pricefx and the use of its most common features as well as how it assists users to set prices by providing a comprehensive set of price management tools.

This learning path is separated into tiers that are dependent upon your expected role with this capability.

Learning Path Disclaimer: Although this learning path offers comprehensive information on the mentioned capability, it lacks a Pricefx environment, that is only available in our instructor-led training, where you can interact with these features and practice using them.

For further insights into the distinctions between our on-demand learning paths and instructor-led training, please click here.

Learning Prerequisites

Make sure that you understand the topics discussed in the areas below before proceeding with this series.

Learning Synopsis

Explore the Pricefx Price Setting and Strategy Designer capability that enables users to define price policies, set up price guidelines, perform price calculations and simulations, dynamically recalculate price lists, set, manage, and simulate pricing based on rules and strategies, and optimize prices algorithmically.

Learn how you can create various pricing logics based on cost, market, competition, and product attributes to determine list prices, customer-specific prices, and net prices.

Learning Objectives

Core topics and key takeaways from this learning path:

  • Understand the data requirements needed by the Price Setting capability.

  • Learn the creation and updating of manual price lists.

  • Learn the role of live price grids (LPG), their creation and updating, conversion from a price list and use of simulations.

  • Demonstrate the abilities of the Strategy Designer tool for visual creation of custom pricing strategies.

  • Understand the role of simulations, their setup and configuration and how to convert into a price list

  • Define the role and usage of Calculation Grids.

  • understand the use of Visual Configuration and use with Strategy Designer.

The learning path for the Price Setting is divided into 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 and builds your contextual understanding.

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 Learning Path.

The complete learning path includes the following:

 

 

 NOTE: If you have any inquiries regarding the content in this learning path, you can utilize the following online Pricefx forums: AskPricefx community or Pricefx GenAI chatbot.

 

 

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