Assigning a price list and pricing rules to a store or region
A price list and pricing rules can be assigned based on store region as well as on customer region.
Store-based and region-based pricing provides options to structure price lists based on regional factors, competitive factors, or a flexible combination of both. Large enterprises can define pricing and promotion according to geographical considerations as well as local competition. Within a hierarchy, stores can maintain single-store price lists and pricing rules, or stores can be grouped together based on their business needs. Prices defined at the corporate level can be overridden at the region or store level.
For example, a list price for a computer printer may be set at the corporate level at $119.95. However, in a highly competitive region, a store might want to define the price as $99.95 for that particular store. The same might be true for promotions and markdowns. In this way, prices in environments where there is intense competition can be set at a different level from prices where there is relatively little competition, with other prices in between.
While only pricing organization users are usually allowed to create pricelists, an exception allows a store user to create a pricelist. This addresses the scenario whereby items are near the end of their shelf life, and the a store supervisor wants to sell them as soon as possible. In that case, the store supervisor might create a pricelist with a list of items that is applicable only to that particular store.
In Sterling™ Order Management System Software, a store is modeled as an organization that is playing the role of seller. Orders that are created for the store will have the seller organization populated as the store organization code.
- Corporate defines price lists and pricing rules for stores to use.
- Stores define price lists and pricing rules.
- Corporate defines and assigns price lists and pricing rules to a specific store, to a group or region of stores, or all stores.
- Store-specific price lists and pricing rules can be defined for all customers.
If you are upgrading Sterling Order Management System Software and have existing price lists that do not have a store assignment, an optional upgrade step creates them for you. After store assignments are created, you can change the value of a property so that the system looks only for those pricelists that have defined, at a minimum, a store assignment.
A price list can have customer assignments, store assignments, or both. If multiple price lists exist and they are based on store assignment and customer assignments, then the price selection is based on the configuration rule “Pricing strategy based on assignment.” Precedence for these assignments is described in Configuring precedence.
For information about configuring and administering price lists and pricing rules, see the Sterling Business Center Pricing Administration topics.
Store assignments
Prices from store assignments are considered in the following order, based on the price list line whose price list or lists are:- Created by a specific store.
- Assigned to that specific store.
- Assigned to a store's attributes. Assignment with maximum number of matching attributes will be picked from all the matching pricelist assignments
- Assigned to the store's region. Region is considered one of the store attribute. Because the region definition is hierarchical, the most specific region is used when the item is priced. If the price is not found in the price list for the most specific region, the search for a price continues up the region hierarchy.
- Assigned to all stores from
corporate. Note: If more than one price list line exists at each step, then the lowest price among the price lists is used.