Price list inheritance and population

Price lists in Norce can be structured in hierarchies and inherit prices and assortment from each other in a parent - child relationship where you can apply rules for what and how the child should inherit assortment and prices from the parent. Typically there are two main purposes to use price list inheritance: campaigns and market price lists. A simple campaign may be to discount an assortment of products with 10%, antother example may be to set up a market specific assortment of products from a global product catalog possibly with currency conversion from the global price list.

To initiate an inherited price list choose a parent price list when creating the new price list.

Only products from it (the parent) price list may be inherited and all pricing rules will be applied based on the parent price output.

Create an inherited price list

• Go to Pricing > Price ists and click New (top right) to start creating a new price list.
• Give the new price list a name . The purpose of the price list is common to put in the name, e.g. Summer Campaign. Description is optional.
• Code is an external identifier for the price list, used to import prices or other changes via the API's later.
• Select a Parent price list to enable the inheritance. This will be the base for the new price list regarding assortment and pricing rules.

• Remember to set the correct currency . If it is different from the parent, prices will be converted to the new currency based on the current exchange rate and updated whenever the exchange rate changes.
• Set the applicable sales area for the price list. If left empty, prices will be rounded based on the default sales area on the client or application (if the price list is public for an application)
• Type is not used that much any more and can be considered optional. Types can be defined by client.
• Start date and end date are optional and will determine when the price list will be active and included in product price calculation. If left empty it is always active.
• Image is rarely used anymore and optional if you like to set an image for your price list.
• There can only be one primary price list for each application, so consider carefully if this should be checked. I primary the price list must also be public. It is then used as default for the applicaiton in different circumstances.
• Public indicates that the price list should be included in price calculation by default or not. If not public it may still be included if connected to a customer or company or by including the id of the price list in the API calls.
• Favorite will make the price list visible on the pricing tab of the products page (marked with a star).

Default pricing rules

You may set the pricing rules for the new price list immediately, when creating it.

There are twelve different pricing rules, but which are active depends on the current settings for the client and the order may be sorted for the client so it may differ from the table below.

Please note that competitive pricing is an optional component in Norce used for price calculations based on selected competitors's pricing and possibly adjustments. You can read more about it here.

• Select the default price rule for the desired behavior. This means that if no other price rules are valid, this pricing rule will be applied. The default rule can always be manually overridden on the product if desired.
• If the method allows for a margin , uplift , rebate or target margin a new row will appear to enter the percentage or fixed amount.

• Minimum product margin is a safe guard if you discount your products to ensure that you don't sell below a given margin.
• Supplement charge can be used either as a percentage or as a fixed amount. That will then be added to the cost before calculating the price.
• Inherit Structure Calculation Rule is used to determine how pricing of the included items in structure products, a.k.a. bundles , should be handled. Se below for more details.
• Limit to recommended price is used to set an upper limit to a price. When enabled, this will stop any price rule to set a larger price than the recommended price, if one exists.

Inheritance of structure calculation

The Inherit Structure Calculation Rule has the following possible values:

• By default, also if set to None , it's set to inherit the price of the bundled product, and then the total is divided on the included products proportionally to their original price from the parent.

However, sometimes the bundle has pricing of the included articles that differ from their standard prices, so that the included products may be sold with different discounts in the bundle.

• for standard price from inherited structure item sale price we will use the sale price, modified or not, for each of the included products and apply the campaign pricelist discount to those prices.

Population rules

When the pricelist have been created you can also alter which products should be included in the price list. By default, all products from the parent is excluded and you can opt-in products based on category, manufacturer and/or flags.

This setting can be changed to include everything from the parent and instead exclude products based on the same dimensions category, manufacturer and/or flags.

Please note that this change causes a lot of calculations and may have unexpected results if not everything have been considered properly.

With that said you can select manufacturers and flags for all categories or per category. So you could for example select to include all swimming pool products and all products with a product flag "pool toys". Only the union of products satisfying either of these conditions will then be added to the pricelist and get the calculated price.