The pricing rule module allows you to markup or markdown your product prices for customers. Pricing Rules may apply to Specific Customers, Customer Groups, Products, and/or Product Trees. The pricing module is a convenient way to quickly and accurately provide price adjustments for your products.
A few main features of the Pricing Rule Module include:
♦ Setting quantities or date ranges per pricing rule
♦ Setting quick and easy discounts for temporary sales
♦ Providing discounts or specific prices for valued customers
♦ Specifying Cost Plus Pricing
You can duplicate pricing rules using the Duplicate button in the Module Toolbar. With a duplicated pricing rule you only have to change product and price for each given customer.
Applying Pricing Rules
You have a Customer Group labeled Valued Customers, and set a pricing rule to state that all of your Valued Customers receive a 20% discount (markdown) off the product price of all items. With the information shown below, each Valued Customer to purchase the super flash handlebars would receive $2.80 off their purchase, and $11.20 would show in blue on the Sales Order to confirm it has been modified from the List Price.
|Super Flash Handlebars||20% Product Price Markdown||$14.00||-$2.80||$11.20|
Your company desires to have a 100% markup on a certain product. Below the pricing rule has been established for Heavy Duty Water Bottles to be marked up 100% relative to the Average Cost. With the information shown below customers would be charged a markup of $3.00. The new price of $6.00 would show in blue on the Sales Order to confirm this price has been modified from the List Price.
|Item||Type||Average Cost||Markup||New Price|
|Heavy Duty Water Bottles||100% Average Cost Markup||$3.00||$3.00||$6.00|
Pricing Rule Precedence
Since you are not limited in the number of pricing rules that may be created, several rules may apply for the same customer or product (for example, a customer may exist in more than one Customer Group pricing rule, etc.) In cases such as these, the following rules apply:
- Pricing Rules have a precedence in the following order:
- Customer Specific Pricing Rules
- Customer-Group Pricing Rules
- Fixed Pricing Rules
- If multiple pricing rules exist for a product then the higher/lower (based upon the Pricing Rule Module Options) calculated price will be the price given on the Sales Order.
- Pricing Rules referencing nodes lower in the Product Tree take precedence over rules assigned to higher nodes of the tree.
- When two or more pricing rules are deemed valid, but each rule applies to a distinct Product Tree branch, rule 2 will be used to determine which rule to apply.
NOTE: When a price comes down from a previous tier it is just the price; not the pricing rule. So, for instance, if the winning rule from Tier 2 was a Customer Specific pricing rule and there is a Customer-Group Pricing Rule in Tier 3, the Customer-Group Pricing Rule would take precedence because the Tier 2 price is simply a price. It does not come down with the precedence of a Customer Specific Pricing Rule.