Overview
Product variant pricing and quantity levels represent default or global pricing and quantity rules that will be applied to all of your listings.
This pricing and quantity data can be controlled in two ways:
- Dynamically: aggregating data from sources and applying rules on top of these aggregations
- Statically: manually locking values (see Locking Pricing and Quantity)
The recommended approach is to define pricing dynamically. As source data changes, so do your pricing and quantity values, but each approach has its use-case.
The general flow for dynamic product variant pricing is:
- Pricing and quantity is aggregated from linked source inventory variants
- Additional pricing and quantity workflow rules can then be applied
Pricing and Quantity Aggregation
Since product variants can be linked to multiple source inventory variants, you have several mechanisms to determine how you would like to derive pricing and quantity based on the values from each source variant.
Consider the following example for the below scenarios:
-"Red Shirt" is offered from your distributor for $12.99 and has a quantity of 10 on hand
-The same "Red Shirt" can also be fulfilled from your warehouse for $9.99 and has a quantity of 2 on hand
Pricing
- Lowest, Highest, Average
| Pricing Example |
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Lowest would yield a product variant cost of $9.99. Highest would yield a product variant cost of $12.99. Average would yield a product variant cost of $11.49. |
Quantity
- Lowest, Highest, Average, Sum
| Inventory Example |
|
Lowest would yield a quantity of 2 Highest would yield a quantity of 10 Average would yield a quantity of 6 Sum would yield a quantity of 12 |
Out of Stock
In addition, some of these strategies may only be applicable for in-stock items. The Out-of-Stock setting will enable you to omit source inventory variants from aggregation that are not currently in stock.
| Out of Stock Example |
|
Assume we have chosen Lowest for price and Sum for quantity. This would initially yield a cost of $9.99 with 12 items available. If 2 items were ordered and those items were fulfilled via your warehouse, its available inventory would deplete to 0. At this point, the Ignore Out of Stock setting would modify the pricing to only factor in pricing and inventory from your distributor (since this represents the only in-stock source inventory variant). This would then modify your cost and quantity to $12.99 (the new lowest in-stock cost) and quantity 10 (the sum of all in-stock items) |
Setting up Aggregation Rules
To set up aggregation rules, select the settings icon in the Flxpoint toolbar, then choose Products → Aggregate Rules.
You will see a screen similar to the following, which will allow you to manipulate these controls to customize your variant pricing and quantity aggregation rules.
After rules are changed, you will generally want to run a sync to ensure all your existing product variants are updated appropriately.
If this sync is not run, these new rules will only take place the next time a an inventory variant's pricing / quantity is updated.
Pricing and Quantity Workflows
After product aggregate rules are calculated, you have single pricing and quantity values for each product variant. At this point, you may leverage a workflows to further manipulate these values, such as:
- Adding a markup value to cost to derive a price
- Adding a discount to MSRP to derive a price
- Enforcing MAP if one exists and the price is lower than the MAP
To manipulate these rules, select the settings icon in the Flxpoint toolbar, then choose Products → Pricing/Quantity
You will be able to manipulate pricing fields such as :
- Default List Price: This is the initial list price used when a listing variant is built. It begins as the product variant's estimated cost, but you can use this tool to map it to another initial field, such as MSRP, MAP, or a variant's list price.
- MAP: You can create rules to modify the minimum advertised price
- MSRP: You can create rules to modify the manufacturer suggested retail price
- Quantity: You can create rules to modify the quantity
By modifying these values, you are configuring your default values for all of your listings that are built from this point forward.
| Recommended Articles |
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To learn more about workflows and how you can build rules to achieve your results, see Workflows. To learn more about configuring custom pricing and quantity per channel, see Channel Pricing and Quantity |
Estimated Profit & Profit Margin
In Flxpoint you can now get an estimate based on your price fields for your listing. You can view these fields by clicking into one of your listing variants. List Price OR Estimated Cost are required fields. Fields will appear as empty or unavailable when either List Price or Estimated Cost is empty. Your Profit Margin is listed in the gray percentage and is calculated by (List Price - Est Cost) / List Price
- You can use filters at the listing level to filter on these estimates to help you make decisions on what products to list/delist from your site.
| Estimated Profit vs Profit w/Fees |
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Est profit = List Price - Est Cost Est profit w/ fees = List Price - Est Cost - Est Shipping Cost - Est Dropship Fee |
Locking Pricing and Quantity
In some situations, you may want to lock your pricing and/or quantity.
For example, perhaps you have a set price and do not want to dynamically modify it when source inventory data changes. Or perhaps you would like to set a static quantity for a non-shippable item such as a virtual gift card.
To lock pricing and quantity, visit the specific product variant you intend to lock pricing or quantity for. Click on the padlock icon to edit these values.
Manipulate the values you intend to lock and click Save. In this example, we modify Default List Price and MSRP:
At this point, even if we have dynamic rules applied to manipulate Default List Price and/or MSRP, this particular product variant will not be modified until the locks implemented are released by clicking the trash icon.
Also, you can apply filters to find locked price and quantity fields (i.e. "MSRP Locked").