Defining Pricing Rules
You can define pricing rules that can create or update list prices for an item on a price list. You assign prices based on a number of product attributes.
Prerequisites
To define a pricing rule:
1. Navigate to the Pricing Rules window.
2. Enter a name and description for the pricing rule.
3. Enter the effective dates for the pricing rule.
4. Enter the formula the pricing rule uses to calculate prices.
This formula is composed of valid operators, such as +, -, *, /, and numeric operands that represent formula steps. Use the Formula Operand and Pricing Component fields to associate these numeric operands to formula steps. For example, you could create the following formula to represent the combination of Product multiplied by Machine Class multiplied by Number of Users:
5. Enter the formula operand number.
You must have a rule formula step for each element of your pricing rule formula. Order Entry/Shipping automatically increments the step number by one each time you move to the next row. You may override this step number by entering a new value in the field. For the formula 1 * 2 * 3 in the example, you would create one row for each step 1 through 3.
6. Select the pricing component for the defined step number.
In our example, you would create the following steps and names:
Step 3 -- Number of Users
7. Choose the Component Values button.
Use the Pricing Rule Component Values window to assign values to your pricing formula components. Each pricing parameter you used to define the pricing component is displayed next to the Value title.
8. Define values for the component attributes.
You can enter dollar amounts or factors. This field is not currency-formatted. Using the example, you would enter:
Step 1 -- 10000 (for Product A), 5000 (for Product B)
Step 2 -- 1.0 (for Small Computer Class), 3.0 (for Medium Computer Class)
Step 3 -- 1.0 (for <20 users), 1.5 (for > 20 users)
9. Define Values for the pricing components.
10. Select Update Rule Prices on the Pricing Rules window, check New and Modified Lines Only, toggle on the Update Individual Pricing Rule option button, and choose Submit to create the pricing rule.
See Also
Overview of Pricing
Creating Pricing Rule Components
Defining Item Groups
Updating Pricing Rules
Enable your pricing parameters. See: Enabling Parameters.