Defining Asset-Based Pricing

For an agreement line item, the combination of a product (typically a service product, in the Product field in the Line Items view of an agreement) and an asset (in the Asset number (#) field in the Line Items view of an agreement) determines a unique price. This capability is asset-based pricing.

You use asset-based pricing for pricing products related to assets that a customer purchased. The Reprice and Reprice All menu commands activate the Pricing Engine. The Pricing Engine uses the appropriate price list and pricing procedure to calculate the price. If you select the Reprice menu command, then the price of the selected line item is calculated. If you select the Reprice All command, then the price of the all line items is calculated. The Pricing Engine calculates the price of the product and asset combination and retrieves the price from the price list, or the price list entry, and the supply information about volume discounts.

Note: You need the Siebel Pricer module if you want to perform special pricing on products by using assets.

To enable asset-based pricing, you enable the Dynamic Pricing Procedure workflow instead of the Pricing Procedure - Default workflow or the Basic Pricing Procedure workflow. Unlike the Basic Pricing Procedure workflow, the Dynamic Pricing Procedure workflow includes covered asset details. For more information about pricing procedures and the Product Selection and Pricing (PSP) Engine, see Siebel Pricing Administration Guide.

To enable asset-based pricing

1. Navigate to the Administration - Business Process screen, then the Workflow Deployment view.

2. Enable the Dynamic Pricing Procedure workflow.

   The Service Pricing view allows you to specify multiple products that together define a unique price. The combination of the service product in the Service Pricing view and an asset in the Service Price Details list defines a unique price.

   The Service Pricing Details list includes products that represent the targeted installed base of assets that a service product covers. In an agreement line item, specifying a service product (for example, Platinum Coverage) and selecting an asset that asset-based pricing covers (for example, component G with serial number XYZ) returns a line item price by using the combination of service product and asset.

To set up asset-based pricing

1. Navigate to the Administration - Pricing screen, then the Price Lists view.

2. Select a price list, and click the Service Pricing view tab.

3. Create a new service pricing record, and complete the fields as appropriate.