Adjust Price According to the Item's Category

Adjust price on a price list according to one or more categories in a catalog through a price adjustment matrix. Assume you have a Sales catalog, it contains a Computers category, and the Computers category contains three child categories: Desktops, Laptops, and Printers. Each child contains items. For example, Desktops contains the AS54888 Computer. You can create a rule that adjusts price only for items in the child Desktops category. You can also create a rule that adjusts price for all items in the parent Computers category, such as all desktops, laptops, and printers.

  • Improve financial and pricing analytics.
  • Meet more complex pricing requirements.
  • Improve decision making that involve category pricing.

Steps to Enable

  1. Set up the category's hierarchy and assign the item to the category.
  2. Run the Refresh Product Hub Snapshots scheduled process.
  3. Use the Product Catalogs pricing parameter to assign the catalog that you want to use with your rule.
  4. Use the Manage Matrix Classes page to set up your pricing matrix.
  5. Create your rule on a price list.

Tips And Considerations

This feature is nearly identical to the Apply Discounts According to the Item's Category feature. For example, you can adjust price on a price list according to an attribute, a category's hierarchy, exclude a category, or reference a category just like you can on a discount list. The main difference is you do your set up on a price list instead of a discount list.

You must:

  • Use the new Item Category domain type when you create your condition on the Manage Matrix Classes page.
  • Set the Comparison attribute to In Hierarchy or to Not In Hierarchy on your rule.
  • Assign the catalog to the condition name so that the Pricing Administration work area displays the relevant categories when you set up your rule.

Other details:

  • You can use the Pricing Administration work area, file-based data import, or REST API to manage your matrix adjustment rules.

  • If more than one matrix rule is eligible to apply the discount, then Pricing will use the rule that has deepest category in the hierarchy when it prices the item.

Access Requirements

Users who are assigned a configured job role that contains these privileges can access this feature:

  • Manage Price Lists (QP_MANAGE_PRICE_LISTS)
  • Manage In-Progress Price Lists (QP_MANAGE_IN_PROGRESS_PRICE_LISTS)
  • View Price Lists (QP_VIEW_PRICE_LISTS)
  • Approve Price Lists (QP_APPROVE_PRICE_LISTS)
  • Import Approved Price Lists (QP_PRICE_LIST_APPROVED_IMPORT)
  • Import Price Lists (QP_PRICE_LIST_IMPORT)
  • Manage Matrix Classes (QP_MANAGE_MATRIX_CLASS)
  • Manage Pricing Parameter Values (QP_MANAGE_PRICING_PARAMETER_VALUES)
  • View Pricing Parameter Values (QP_VIEW_PRICING_PARAMETER_VALUES)

These privileges were available prior to this update.