Redwood: Include More Charges and Items In Your Price Books

You could use a price book to price a sales order starting in update 26A. You can now include a wider range of charge types in your price book in update 26B, such as usage charges in rate plans, and more item types, such as models.  You can use a price book that's specific to each customer to price your sales order.

Realize these benefits:

• Use quantity tiers on the order line to calculate a discount.
• Include a configuration model with your price book.
• Price according to each customer, or according to a group of customers.

You enable the new Redwood: Set Up Customer Pricing feature, set up your customers or customer groups, and then create the price book. For background, see the Redwood: Include More Charges and Items When You Publish Price Books feature. 

Pricing will use the price book that you associate to the customer to price each of that customer’s sales orders:

You can compare the order line's charge breakdown to the price book's charge breakdown or to the published price book. The breakdown displays the list price and discounts for each order line:

Click Additional Information, then examine the pricing strategy that Pricing used according to the pricing rules that you set up for the customer:

Steps to enable and configure

If you want to use the Redwood: Use Price Books to Price Sales Orders feature, then you must opt in to it, and you must also opt in to its parent Redwood: Create Price Books to Price Sales Orders feature. If you already opted in to the parent, then you don't have to opt in to the parent again.

Tips and considerations

• You must generate the price book before you can use it in Order Management. See Redwood: Create Price Books to Price Sales Orders.
• You don't need to make any changes in Oracle Order Management to use this feature. If you opt in and generate the price book, then Pricing will use that book if it's available. Otherwise, Pricing will use the item's standard pricing.
• You can create and use a price book only on Pricing's and Order Management's redesigned pages.  

Items You Can't Include

You can't include these items or pricing on a price book in update 26B: 

• Configured item with discount pricing
• Coverage
• On document level discount on a pricing tier
• Tier adjustment according to an amount on a pricing tier for the line and the document

If your price list has one of them, then the price book won't include it. The price book generation report will display an error but you can still generate the book, the report will list what it didn't include, and you can use the book for pricing. If your sales order has one of these items, then Pricing won't use the price book but will use standard pricing instead.

Key resources

Manage Price Lists

Access requirements

• Manage Pricing Rules (QP_MANAGE_PRICING_RULES)
• View Price Lists (QP_VIEW_PRICE_LISTS_PRIV)
• Manage Price Lists (QP_MANAGE_PRICE_LISTS_PRIV)
• Manage In-Progress Price Lists (QP_MANAGE_IN_PROGRESS_PRICE_LISTS_PRIV)
• Generate Price Book (QP_GENERATE_PRICE_BOOK_PRIV)  Generate a price book from user-selected parameters.
• View Price Books (QP_VIEW_PRICE_BOOKS_PRIV)  Allows viewing of price books.
• Manage Price Books (QP_MANAGE_PRICE_BOOKS_PRIV)  Allows creation, update, deletion, and viewing of price books.
• Delete Price Books (QP_DELETE_PRICE_BOOKS_PRIV)  Allows deletion of price books.
• Publish Price Books (QP_PUBLISH_PRICE_BOOK_PRIV)  Publish a price book that was previously generated.

These privileges were available before this update.