Oracle E-Business Advanced Pricing – Implementing Your Pricing Policy Using Standard Functionality

Exec Summary

The Oracle Elektronische geschäftsabwicklung Suite uses the Advanced Pricing module to help ensure accurate pricing throughout the organization. Accurate pricing of any transaction is key to maintaining a good romance with your customers and ensuring accurate financial revealing. It removes the responsibility from the user, who might not exactly be aware of organisation pricing policy, or margin considerations. spring certification

Applying the correct price up-front boosts efficiency, and reduces the need to revisit deals to modify the price at a later level. Accurate pricing increases communication in outsourcing, contract developing and Back-to-Back environments. That also provides tangible benefits in communicating with customers and partners.

Using Oracle’s Advanced Pricing module helps achieve accurate pricing by allowing great overall flexibility in choosing what price to apply. The applying uses the technology to permit standard pricing models such as Volume discounting, Promotions and Price breaks.

Oracle also allows extending the standard functionality using fully backed customizations, and allows outlined reporting on the purchase price incurred at a particular time, and the reasons why that price was incurred.

This document discusses some of the possible applications of Advanced Pricing in corporate situations. Various scenarios are outlined, along with functional examples of how Advanced Pricing has been used to help implementation.

Advanced Pricing allows the use of complex pricing models and configuration of other useful pricing options. Intended for instance, the system will permit the creation of changes using modifiers to create pricing models such as? Discount rates

? Surcharges? Promotions

Apply the modifiers using various methods:

? New Price? Solution? Percentage uplifts

Selectively apply the modifiers using conditions depending on seeded or custom attributes:

? Customer? Order Type? Supplier? Item? Contents of customer flexfield

Apply the modifiers at various levels in a transaction pattern. To be able Management for case in point, apply the modifiers at:

? Fetch List Price? Publication Order? Ship Order

Alternatives that are more complicated are available, such as:

? Range Pricing? Price Fractures? Other Item Lower price

The majority of of the above options can be obtained as part of standard Advanced Pricing operation. Whatever pricing policy your company requires, Oracle can implement that policy through the enterprise.

2. Using Advanced Pricing when the price differs every time

Several business scenarios require a sales price that changes often, in which circumstance, repair of price data and modifiers requires a lot of effort. Simple pricing cannot easily control this kind of costs model, as the price changes too often.

Advanced Pricing gives a very versatile solution to this by allowing each call to the pricing engine to generate a custom price. This price does not have to relate to a price list, it can rely upon any quantity of factors.

For case, the following scenarios all require that the same product can have a different price, with regards to the moment of the transaction.

? Generate a discount scheme primarily based on the amount purchased within a calendar month. Consumers achieve increasing levels of discount as they order more of a particular product class.? Calculate a sales price based on 10% uplift over the average cost of a specific thing.? Calculate sales price based upon 10% uplift over the average purchase price for that item.

Since Oracle can generate a custom price, it is able to do this kind of once-off costs, and record what alterations have been applied on each transaction line.

Making a custom price allows total overall flexibility in which price to make use of, and reduces the time spent preserving price lists and réformers.

3. Using Advanced Prices in outsourced developing

Outsourced manufacturing has become the norm as businesses leave the manufacturing and syndication to specialists, and focus on core business. Because part of good customer relationship management, it is important to be aware of who your customers are and what they are ordering. This kind of allows the seller to better understand the personality and purchasing patterns of its customers.