Overview
During step 8 of Onboarding, your goal is to configure your costs, pricing, and rules. This is a two part effort. To complete this step, you will:
- Set your aggregate pricing rules
- Set your global pricing workflow
Aggregate Pricing Rules
Since product variants can be linked to multiple source inventory variants, you have several mechanisms to determine how you would like to derive pricing and quantity based on the values from each source variant.
| Consider the following example for the below scenarios: |
|
Pricing
- Lowest, Highest, Average
| Pricing Example |
Average would yield a product variant cost of $11.49. |
Quantity
- Lowest, Highest, Average, Sum
| Inventory Example: |
Average would yield a quantity of 6 Sum would yield a quantity of 12 |
In addition, some of these strategies may only be applicable for in-stock items. The Out-of-Stock setting will enable you to omit source inventory variants from aggregation that are not currently in stock.
| Out of Stock Example |
If 2 items were ordered and those items were fulfilled via your warehouse, its available inventory would deplete to 0. At this point, the Ignore Out of Stock setting would modify the pricing to only factor in pricing and inventory from your distributor (since this represents the only in-stock source inventory variant). This would then modify your cost and quantity to $12.99 (the new lowest in-stock cost) and quantity 10 (the sum of all in-stock items) |
| Sync Required |
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Global Pricing Workflow
After product aggregate rules are calculated, you have single pricing and quantity values for each product variant. At this point, you may leverage a workflows to further manipulate these values, such as:
- Adding a markup value to cost to derive a price
- Adding a discount to MSRP to derive a price
- Enforcing MAP if one exists and the price is lower than the MAP
You will be able to manipulate pricing fields such as :
- Default List Price: This is the initial list price used when a listing variant is built. It begins as the product variant's estimated cost, but you can use this tool to map it to another initial field, such as MSRP, MAP, or a variant's list price.
- MAP: You can create rules to modify the minimum advertised price
- MSRP: You can create rules to modify the manufacturer suggested retail price
- Quantity: You can create rules to modify the quantity
By modifying these values, you are configuring your default values for all of your listings that are built from this point forward.
Global Rule Example
Recommended Articles
| Recommended Articles: Product Pricing & Quantity |
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Please see Product Pricing & Quantity for more information on:
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| Recommended Articles: Listing Pricing & Quantity |
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Please see Listing Pricing & Quantity for more information on:
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| Recommended Articles: Workflows |
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Please see Workflows for more information on:
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