Pricing Tab

In the Pricing tab, the following pricing information can be viewed or edited:

• RRP - Recommended retail price for the item. (Optional)
• Currency - System Currency (View only).
• Item Selling Retail by Zone - supplier roles will not have access to this section:
  • This table contains all the configured zones based on the Primary zone group of the Item Department in Oracle Retail Pricing Cloud Service (RPCS).
  • The initial selling retail can be calculated using the calculate button or can be manually inputted directly on the table for each zone.
  • By default, Calculate Pricing uses the markups defined in RPCS. If the Price Strategies application from the Price Hub is available, a different strategy may be configured to be used on Calculate Pricing.
  • Depending on which strategy was configured from Price Strategies, the following is required for Calculate Pricing:
    • For Area Diff and Price Points, a price must be populated for the reference zone before clicking Calculate Pricing, as it needs to know which reference zone is to be used for the calculation.
    • For Cost Plus, Primary Supplier Unit Cost is required.
  • Although by default it is not necessary to populate the prices for all zones, since MFCS will do the calculation if there is no data, the system may be configured to enforce that all zones have a price prior to approving an item.

Note:

For the details on the set up of Calculate Pricing, see the Oracle Retail Supply Chain Collaboration Cloud Service Implementation Guide.

Note:

For the Calculate button to be used, the Unit Cost for the primary supplier is necessary if the item is Owned or in Consignment/Concession and using Cost per Unit. If the item is Consignment/Concession and using Purchase Rate calculation, RRP is necessary and in this scenario the price of each zone using the calculate will simply be a currency conversion of the RRP (if necessary).

For Consignment/Concession items using Purchase Rate if a price is not defined, MFCS will default it to zero.