Pricing Administration Guide > Creating and Assigning Price Lists > The Process of Creating a New Price List >
Creating Price List Line Items
A price list line item contains price data for a specific product. It includes the product name and related information.
When you create a price list line item, you first select the product (which may be a service). This product provides the price list line item its name. Adding a price list line item is equivalent to adding a product to a price list.
In a given price list, you may have only one line item for a product.
If you have multiple price lists, the same product can have a line item in each price list. For example, your United States price list might have a line item for the product's retail price in the United States, your Canadian price list may have the product's retail price in Canada, and so on.
NOTE: Creating a price list line item for a customizable product is more complex than creating a line item for a simple product, and it requires additional steps that are not included in this procedure. For more information about customizable products, see Setting Up Component-Based Pricing.
To define a new price list line item
- From the application-level menu, choose View > Site Map > Pricing Administration > Price List.
The Price List view appears, displaying the currently defined price lists.
- In the Price List form, select the price list to which you want to add a line item.
- Click the Price List Line Items view tab.
- In the Price List Line Items list, click New.
The Add Products dialog box appears.
- In the Add Products dialog box, use the Query or Find options, if necessary, to locate the product you want to add to the price list. Select the product record and click Add.
The product that you selected appears in the new Price List Line Item record.
- Complete the fields in the Price List Item Detail form, as described in Table 2.
Table 2. Price List Line Item Fields
Field
|
Explanation
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Name
|
Required. The product name that you select from the Add Products dialog box. A price list line item uses this product name as its unique ID.
|
Customizable
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Read-only; based on product definition. If this check box is selected, it indicates that the product has components.
|
List Price
|
Optional, but recommended. Enter a list price, the standard price used for most transactions and a most commonly used target price for price adjustments.
If a promotional price is entered, it is used instead of this list price.
If the list price is omitted and no promotional price or price override price is provided, the product may be offered with no price—the equivalent of a zero price.
The list price is not checked against the Minimum Price and Maximum Price fields when it is first entered, because these fields are usually entered after the list price. When the minimum and maximum prices are entered, then the list price is validated against them.
|
Promotional Price
|
Optional. If you enter a promotional price, it will be used instead of the list price in all functions that do not explicitly identify the list price as the target price.
|
Attribute Pricing
|
Optional. Specifies the attribute pricing table that provides attribute-based pricing adjustments for this line item product.
This attribute pricing table is also applied to this same product when it is a component in a customizable product.
This attribute pricing table uses attribute data from the Class to which the product belongs.
|
Customizable Product Pricing Model
|
Optional. If this line item is for a customizable product that has components, you can select the name of a pricing model developed for this line item.
|
Description
|
Optional. Enter a description of this line item and its unique qualities, especially if important for ePricer processing.
|
Product Line
|
Optional. Read-only. This value is taken from the product information. Specifies the line of products to which the line item product belongs.
|
Part Number (Part #)
|
Optional. Read-only. This value is derived from the product information. Specifies the part number assigned to the line item product.
|
Cost
|
Optional. Enter the cost of the line item product using the standard cost formula for this price list. This can be used as the target price for some price adjustment calculations.
|
MSRP
|
Optional. Enter the MSRP for reference purposes. In some cases, this can be used as the target price for price adjustment calculations.
|
Purchase Price
|
Optional. Enter the purchase price of the line item product. This can be used as the target price for some price adjustment calculations.
|
Unit of Measure
|
Optional. Select the unit of measure for the product item.
|
Minimum Price
|
Optional but recommended. If a minimum price value is provided, ePricer does not offer a lower price for this line item, unless a runtime user (such as an agent) manually overrides this price.
As a default, specify a minimum price of zero to prevent amount discounts from resulting in negative number prices.
Minimum price does not apply to components of customizable products.
|
Maximum Price
|
Optional. If a maximum price value is provided, ePricer does not offer a higher price for this line item, unless a runtime user (such as an agent) manually overrides this price.
If a maximum price is provided for a price list line item product and if that product appears as a component in a customizable product, then this maximum will apply to that component product as well.
|
Service Price %
|
Optional. Enter a service price percentage used for determining the service pricing associated with this line item. The service price percentage is applied to the target specified in the Service Pricing Method field.
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Service Pricing Method
|
Optional. Specify a service pricing target for the service price percentage. This is used to determine the service pricing associated with this line item.
|
% Margin
|
Optional. Read-only. This is a calculated field that calculates margin based on the following formula:
((List or promotional price) - cost)/List*100
|
CAUTION: If you do not specify a price for a product in its price list line item, that product may appear in a quote or order without a price, effectively making it free to a runtime user who is buying it. If you depend on pricing factors or other pricing mechanisms to supply a missing price, be sure to test the results in the runtime environment.
