Capabilities
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Product price recalculation based on defined triggers
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Available triggers
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New product added
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Product updated (generally a change of product attribute values) – either in the table Products or Product Extension. Examples of changes:
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Product Life Cycle state
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New color for a product
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New cost
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New competitor information
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Limitations:
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The destination price list (where price changes are finally stored) should not be used for recalculation, only as storage of the prices.
How It Works
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Changes in data are detected.
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Product is added to a special LPG and recalculated.
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"TODO" item is created for a user so they know they have to approve the price modifications.
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New price is approved/denied in the special LPG (by users or automatically based on rules).
Note: this is not a feature of the Price Flexibility accelerator. -
Approved product price is deployed/updated in the existing price list.
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Product is removed from the special LPG.
Audience
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Technical Admin – Installation and initial setup of the accelerator.
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Business Admin (likely Pricing Manager) – Setup of the triggers which trigger recalculation.
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Business User (likely Pricing Managers) – Receives the TODO notifications, approves/denies the new prices.
User Stories
Automated Price Recalculation
I want to recalculate Products based on specified conditions (e.g., new cost, change of product lifecycle state, new product, product with a new color, etc.),
so I can ensure up-to-date prices and reduce price stagnation.
New Price Verification
I want to create a ToDo for people responsible to verify the change of price,
so I can bring attention to the responsible/designated approver to review price changes.
Price List Refresh
I want to update the relevant price list with the newly approved price(s),
so I can allow approved price items to be published and denied price items to stay without a price update.