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Pricing Analysts spend a long time gathering all the required information to price their products. This Learning Path will guide you through the different Pricefx Price Setting capabilities that allow you to create and maintain different types of pricelists.

Business Pains & Challenges

Manual work - how long does it take to gather all the necessary information for pricing?
Profit Leakage - can you see where the company is losing money?
Complex Pricing Calculations - is the current system handling the pricing calculation complexity?
Lack of Pricing Guidance - do you have any pricing guidance and/or recommendations?
Lack of Visibility - can you easily identify and review all the required pricing parameters simultaneously?
Real Data - is the pricing data updated and accurate?

Pricefx Solution - Price Setting

Pricefx provides the necessary pricing tools to organize your pricelists on various levels with automated price recalculation based on defined rules, parameters, and dynamic pricing. You can trust the results of the pricing calculations since the system is updated frequently with accurate real-time data and well-defined logic to perform the calculations. Price Setting offers different pricing strategies providing pricing recommendations to be selected based on the business requirements.

Overview Price Setting - Business User Knowledge Base - Pricefx Knowledge Base

Key functionality Price Setting - Business User Knowledge Base - Pricefx Knowledge Base

Pricing Strategies

Represents the rule executed to perform the product pricing calculations.

Standard Price Lists

Represents a set of products with a calculated price (result price), which is calculated based on a calculation logic at once.

Creating a New Price List - Business User Knowledge Base - Pricefx Knowledge Base

Editing an Existing Price List - Business User Knowledge Base - Pricefx Knowledge Base

Live Price Grids (LPG)

Used to handle many products with rapidly changing prices where prices are recalculated every day or even several times a day.

Understanding Live Price Grids - Business User Knowledge Base - Pricefx Knowledge Base

Manual Price Lists

Similar to an Excel table where you can maintain your product prices manually. You can add a calculation logic to it to help you calculate the values of certain columns according to your business requirements and keep any supporting columns.

Manual Price Lists - Business User Knowledge Base - Pricefx Knowledge Base

Calculation Grids

Intended to work with many items that are not tied to SKUs or product IDs and therefore can’t be processed in standard pricelists, live price grids, and/or quotes. Calculation Grids allow Pricing Analysts to modify, execute, and store data like supplier costs, promotions, service prices, etc.

Calculation Grids - Business User Knowledge Base - Pricefx Knowledge Base

Improvements & New Releases: Paper Plane Updates - Price Setting - Business User Knowledge Base - Pricefx Knowledge Base and Paper Plane Updates - Price Setting - Calculation Grids - Pricefx Knowledge Base.

Quiz 5: Price Setting