Overview
This guide provides instructions for creating a new pricing rule in our Dynamic Pricing system. It outlines each step required to establish a rule that automatically adjusts product prices based on predefined criteria and conditions.
Step 1: Navigate to the Dynamic Pricing Section
Click on the 'Dynamic Pricing' section on the left sidebar. Then, select the 'My Pricing Rules' tab to access your current rules.
Step 2: Initiate New Rule Creation
In the 'My Pricing Rules' section, find and click on the 'Add Rule' button. This should open the rule creation form where you can enter the details of your new pricing strategy.
Step 3: Fill in Basic Information
Start by entering a 'Strategy Name' for your new rule. This should be descriptive and indicate the purpose of the rule.
Select the relevant options from the dropdown menus if your pricing strategy is specific to certain brands or categories. You can also enter the product name or EAN directly, separated by a comma or space.
Step 4: Define the Rule Parameters
Decide the rule's scope by selecting whether it applies to specific shop(s), the cheapest or the most expensive.
Define the rule specifics:
Set the conditions the rule triggers, such as 'price is over/under' a specific value.
Specify the amount to adjust the price as a percentage or a fixed value.
Step 5: Set Availability Options
Choose the availabilities your products should have in order to be affected by the rule.
Step 6: Configure Security Measures
Protect your margins by setting 'Security' parameters. These can include minimum and maximum price, cost, or MSRP limits to ensure the rule does not set prices too low or too high.
Step 7: Assign Rule Priority
Prioritize your rule in relation to others. This determines which rule takes precedence when multiple rules could apply. You can use this rule only or the rule with the highest/lowest price set.
Step 8: Review and Save Your Rule
Once all fields are completed, review the information for accuracy.
At the bottom, you can see how many of your products are affected by this rule.
Click the 'Submit' button to save your new dynamic pricing rule.
Step 9: Monitor and Test Your Rule
After creation, closely monitor the rule's impact on your product prices in the 'Price Suggestions' section.
Make adjustments to the rule, if necessary, based on its performance and the market response.