Setting up a price matrix
In Pricing, a price matrix is a pricing structure that offers flexible criteria to define and retrieve prices and discounts.
A price matrix includes these elements:
- A matrix definition
- A set of matrix attributes
- A price book
If the properties of, for example, the sales order match the properties of the sales price matrix, the price from the price book that is linked to the sales price matrix is applied to the sales order.
To set up a price matrix:
Example
For matrix type Sales Price, specify the matrix definition MD1. Add the attributes sold-to, invoice-to, order origin, delivery terms, currency, and item to the matrix definition.
Specify price book SLS1 for a group of manufactured items with the following characteristics:
- Sold in USD
- A minimum break of 2,500 pieces
- A valid period from 1 September to 1 December
- A price of $25 each
- An additional discount schedule
Specify a Sales Price matrix and select matrix definition MD1 and price book SLS1. Enter values for the matrix attributes, such as the following:
- Sold-to: Tradex
- Invoice-to: Tradex
- Order origin: Sales
- Delivery terms: CoD (Cash on Delivery)
- Currency: USD
- Item: Laptop computer A1