Pricing Administration Guide > Matrix-Based Pricing Factors > The Process of Setting Up Matrix-Based Pricing >

Creating a Matrix-Based Pricing Factor

This procedure assumes that you are familiar with the overall process for creating and applying a pricing model, described in The Process of Creating and Applying a Pricing Model.

NOTE:  When you define matrix-based pricing factors, the Comment field is especially important. The purpose and details of the matrix are difficult to summarize using just the name of the pricing factor. This field is a good place to record such data as the filenames for spreadsheets in which pricing specialists record original matrix pricing data.

To create a matrix-based factor

  1. From the application-level menu, choose View > Site Map > Pricing Administration >Pricing Model Manager.

    2. The Pricing Model Manager list appears.

  2. In the Pricing Model Manager list, select the pricing model in which you want to create a new aggregate type pricing factor.
  3. If the Locked field of this pricing model record does not already have a check mark in it, click it to add the check mark in order to lock it.
  4. Click the Pricing Factor Designer view tab.
  5. In the Pricing Factor Designer list, click New.
  6. In the new record in the Pricing Factor Designer list, enter the information described in Table 28, and select Matrix-Based in the Type field.
  7. In the new Pricer Factors form, enter the information described in Table 30.

    8. Table 30.  Matrix-Based Pricing Factor Fields
    Field
    Entry
    Name
    Required. Replace the system-generated character string in the Name field with a meaningful name that is unique within the current pricing model.
    Matrix Business Object
    Required. Click the select button and choose the business object that contains the business component that holds the matrix pricing data.
    Matrix Business Component
    Required. Click the select button, and choose the business component that holds the pricing matrix data.
    Matrix SearchSpec
    Required. Create a search specification using the standard Siebel syntax and formatting rules, which are explained in Siebel Tools Reference. For more information, see Search Specifications for a Matrix-Based Pricing Factor.
    Target Price
    Required. Select the target price (the base price that will be modified by any price adjustment data returned from the matrix search of the matrix business component).
    Base = MSRP
    Current Price
    Base = Cost
    Base = List Price
    Base = Purchase
    Active
    Click the check box to activate or deactivate the pricing factor.
    Comments
    Optional. Enter such data as the filenames for spreadsheets in which pricing specialists record original matrix pricing data.


 Pricing Administration Guide 
 Published: 18 April 2003