Customer Engagement: Price List

Pricelists are a great way to sell your products and services if your company sells to different types of customers.  

Some scenarios where multiple pricelists might be used are: 

• Company sells products through different avenues. Eg. Retail, Wholesale and Distribution.
• A company has a Marketing Campaign with discounted prices.
• Custom price lists for specific accounts.
• Selling products in multiple countries.

Below is an example of where multiple pricelists would be used.

• Retail – Any customer that buys a couch retail will pay $1000
• Wholesale – Any customer that is eligible to be a wholesaler will buy the couch wholesale for $800.
• Distributor – Any customer that is eligible to be a distributor will pay $700.

When a pricelist is created the following details need to be filled:

1. Name – The name of the pricelist.
2. Start Date/End Date – how long this pricelist is active for.
3. Currency – The currency you are selling the products in.

Defining Price list line items

Within pricelists price line items need to be defined. The below fields can be captured.

1. Price List – specifies the pricelist the line item is associated with. If the price line item is created directly from inside the pricelist this field will automatically populate.
2. Product  – Define the product from the product catalogue to associate with the line item.
3. Unit – This defines the unit measure to use with the line item.
4. Currency – Currency the line item is being sold in.
5. Discount list – Defines the discount list to use if the line item requires discounts with large volume orders.
6. Quantity Selling Option – Defines whether the item can be sold whole or in fractions.
7. Pricing Method  – This defines the pricing method of the price list item.
   • Currency Amount: Select this option to ignore a product’s list price in the product catalog and manually enter a different price for this price list.
   • Percent of List: Select this option to calculate a product’s price on the price list as a percentage of its list price. To use this option the List Price field should be available and filled in on the product form.
   • Percent Markup – Current Cost: Select this option to add a percentage markup on top of the current cost that’s entered in the product catalog. To use this option the Current Cost field should be available and filled in on the product form.
   • Percent Margin – Current Cost: Select this option if the price that’s offered on the price list should yield a percentage margin of the current cost. To use this option the Current Cost field should be available and filled in on the product form.
   • Percent Markup – Standard Cost: Select this option to add a percentage markup on top of the standard cost that’s entered in the product catalog. To use this option the Standard Cost field should be available and filled in on the product form.
   • Percent Margin – Standard Cost: Select this option if the price that’s offered on the price list should yield a percentage margin of the standard cost. To use this option the Standard Cost field should be available and filled in on the product form.
8. Amount –  this field is only used when the Currency Amount option is selected.
9. Percentage – Any option other then Currency Amount, will allow a user to input the percentage amount.
10. Rounding Policy – If any other option except Currency amount is chosen, a rounding policy can be selected. The rounding options are:
    • None – Prices arent rounded
    • Up – Prices are rounded to the nearest rounding amount.
    • Down – Prices are rounded down to the nearest rounding amount.
    • To Nearest – Prices are rounded to the nearest rounding amount.
11. Rounding Option – There are two rounding options:
    • Ends In – allows the price to end in a certain amount.
    • Multiple of – allows the price to end in multiples of a certain amount.
12. Rounding Amount – This allows a user to enter the rounding amount