Oracle Advanced Pricing

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This presentation teaches you about Oracle advanced pricing concept overview, benefits, key entities & pricing engine process and also gives you a fair idea about pricing functionality available in Oracle e-business suite.

Agenda:

- Introduction to Oracle Advanced Pricing
- Understand basic pricing
- Comparison between basic and Advanced pricing
- Discussion on pricing Key entities
- Know why pricing integrates with other applications

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  • Overview of the Pricing Engine The pricing engine, which consists of a search engine and a calculation engine, works through open APIs to provide the pricing results to the calling application. From the pricing request, the pricing engine evaluates the appropriate modifiers and price lists, resolves incompatibility issues, retrieves the list price, and calculates the unit selling price and adjustments. The search engine receives pricing information from entities like price lists, modifiers, qualifiers, formulas, products, and pricing attributes.
  • Oracle Advanced Pricing

    1. 1. Webinar Oracle Advanced Pricing
    2. 2. Disclaimer <ul><li>All other trademarks, service marks and logos used in this webinar are the trademarks, service marks or logos of their respective owners. </li></ul><ul><li>The views expressed in this webinar are views of the speakers and do not necessarily reflect the views of iWare Logic Pvt. Ltd </li></ul>
    3. 3. Agenda <ul><li>Understand the main concepts of “Advanced Pricing” </li></ul><ul><li>Identify the differences between “Basic and Advanced Pricing” </li></ul><ul><li>Learn the “Pricing Engine process” </li></ul><ul><li>Discuss the “Key Pricing Entities” </li></ul><ul><li>Discuss the “Advanced Pricing Integration” </li></ul>
    4. 4. Introduction <ul><li>Oracle Advanced Pricing supports e-business applications by providing a flexible pricing engine that executes pricing. </li></ul><ul><li>Oracle Advanced Pricing enables you to set up pricing actions such as price lists, agreements, formulas, and modifiers that this pricing engine applies to transactions. </li></ul><ul><li>Oracle Advanced Pricing also enables you to define a set of pricing rules. </li></ul>
    5. 5. Benefits of Advanced Pricing <ul><li>Pricing accuracy eliminates returns and customer issues </li></ul><ul><li>Rapid pricing change capabilities enable quick response to changing conditions </li></ul><ul><li>Flexible pricing formulas enable optimization of revenues from marketing programs </li></ul><ul><li>Dynamic pricing and discounting enables unique treatment of products, regions and customer classes to maximize revenues </li></ul>
    6. 6. Basic Pricing <ul><li>Basic Pricing includes Order Management which enables you to do the following: </li></ul><ul><ul><li>Set up price lists and secondary price lists. </li></ul></ul><ul><ul><li>Create static formulas. </li></ul></ul><ul><ul><li>Discount by percentage or amount. </li></ul></ul><ul><ul><li>Set up customer pricing agreements. </li></ul></ul>
    7. 7. Advanced Pricing <ul><li>Advanced Pricing feature includes: </li></ul><ul><ul><li>Set a price list for an item or item hierarchy </li></ul></ul><ul><ul><li>Usage-based billing </li></ul></ul><ul><ul><li>Dynamically calculates prices based on formulas </li></ul></ul><ul><ul><li>Create multiple currency conversion lists </li></ul></ul><ul><ul><li>Get a price from an external source </li></ul></ul><ul><ul><li>Create your own eligibility conditions </li></ul></ul><ul><ul><li>Issue coupons and promotions </li></ul></ul><ul><ul><li>Buy 1 get 1 Free </li></ul></ul>
    8. 8. Advanced V/s Basic Pricing Feature Basic Advanced Qualifiers Defaulted in OM Unlimited Pricing Attributes 1 Context Unlimited Secondary price list Single Unlimited Formula Static Static/Dynamic Line level Yes Yes Price breaks Not Available Yes Product attributes Item Item/Category Pricing attributes 1 Context Unlimited Factors Multiple/1 Context Multiple/Unlimited Coupon Issue Not Available Yes Item Upgrade Not Available Yes GSA price list Yes Yes
    9. 9. Pricing Engine Process 2. Pricing Request 5. Calculation Engine Pricing Engine 6. Returns price & adjustments 1. Calling Application (OM, CRM) 4. Pricing Entities 3. Search Engine
    10. 10. Overview of Modifiers <ul><li>Use modifiers to increase or decrease the price of an item or benefit </li></ul><ul><li>Create Discounts, Surcharges, Point Price Breaks, Freight and Special Charges </li></ul><ul><li>Automatic, manual, or overridable </li></ul><ul><li>Optimize pricing policies with qualifiers </li></ul><ul><li>Visible from the order and order line as additional information </li></ul>
    11. 12. Qualifier Overview <ul><li>A qualifier consists of one or more conditions that define eligibility for a particular price or benefit. Qualifiers are an intrinsic part of pricing logic that enable you to create eligibility rules for modifiers. </li></ul><ul><li>You can use grouping numbers to create AND and OR conditions between different qualifier conditions. </li></ul>
    12. 14. Price Lists <ul><li>Create a new price list by: </li></ul><ul><ul><li>Manually entering items </li></ul></ul><ul><ul><li>Copying an existing price list </li></ul></ul><ul><ul><li>Bulk importing price lists from other sources </li></ul></ul>
    13. 16. Pricing Formulas <ul><li>Formulas consist of mathematical expressions that the pricing engine uses to calculate the list prices of items and discounts applied to them </li></ul><ul><ul><li>You can use formulas to: </li></ul></ul><ul><ul><ul><li>Create a price from a computation as an alternative to entering prices in a price list </li></ul></ul></ul><ul><ul><ul><li>Calculate a price adjustment </li></ul></ul></ul><ul><ul><ul><li>Set up and maintain formulas based on component types </li></ul></ul></ul><ul><ul><li>Formulas can be linked to a price list line or modifier line </li></ul></ul>
    14. 18. Pricing Integration ERP / CRM <ul><li>Service: </li></ul><ul><li>Contracts </li></ul><ul><li>Core </li></ul>Logistics Purchasing
    15. 19. Summary <ul><li>Understand Oracle Pricing concept. </li></ul><ul><li>Knowledge of differences between Basic and Advanced pricing. </li></ul><ul><li>Familiarity with the concepts and key entities of Oracle Pricing. </li></ul><ul><li>Know why Oracle Pricing is integrated with other applications? </li></ul>
    16. 20. About iWare Logic iWare Logic is an Enterprise Business Applications Consulting company, specializing in Oracle Applications and Technologies. iWare Logic is an Oracle Gold Partner providing IT Services in areas like Oracle E-Business Suite, OAF, ADF, BI DW and DBA. iWare Logic offers Application Development delivery with focus on application customizations, workflows, integrations, and data conversions. We also provide skilled resources for on-site/off-shore projects for Oracle Enterprise Applications' Implementations and Support. For any queries, feel free to drop a mail to info@iwarelogic.com
    17. 21. Thank You iWare Logic Technologies Pvt. Ltd. Aditi Samruddhi, Baner, Pune, India - 411045 Email: [email_address] Website: www.iwarelogic.com

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