iVend POS - Pricing Resolution at Point of Sales
Pricing Resolution in iVend POS
This document contains information about the Pricing calculation and resolution in the iVend Retail Point of Sale (POS).
iVend Retail follows a sequence of methods in attempting to resolve the price of a product, stopping the search when it successfully matches the price to a product.
Special Prices are defined either for the business partners or for the price lists. Further it can be applied for a particular period of time and for a specified quantity of the product. Discount Groups are the discounts which can be defined for a business partner.
When we refer to Business Partners in this article, we are generally referring to Customers, although in iVend Retail, the term of Business Partners also covers Vendors.
The Resolution Order for Pricing is as follows:
Special Prices for Business Partner - The system first picks the special price defined for the business partner for a particular period of time and/or for a defined quantity of the product. Special Prices for a Business Partner by Date and/or Quantity can be viewed in the Date and Quantity Hierarchy Expansion sections of the Special Price List entry screen in the Management Console.
Discount Groups for Specific Customer or Customer Groups - Discounts defined for the specific Customer or specific Customer Group in combination with a Product Group or Manufacturer is calculated and applied at the POS. This setup can be viewed from the Discount Group screen of the Management Console.
This feature is not available in iVend unplugged.
Period and Volume Discounts on the Price List attached to the Customer - The special price defined for a price list for a particular period of time and/or for a defined quantity of the product is then checked. Special Prices for a Business Partner by Date and/or Quantity can be viewed in the Date and Quantity Hierarchy Expansion sections of the Special Price List entry screen in the Management Console.
Period and Volume Discounts on the Price List attached to the Store - The special price defined for a price list for a particular period of time and/or for a defined quantity of the product is then checked. Special Prices for a Business Partner by Date and/or Quantity can be viewed in the Date and Quantity Hierarchy Expansion sections of the Special Price List entry screen in the Management Console.
Discount Groups defined for All Customers or All Customer Groups - Next, discounts defined for the ALL Customer or ALL Customer Group in combination with the Product Group or Manufacturer is calculated and applied at the POS. This setup can be viewed from the Discount Group screen of the Management Console.
Note: This feature is not available in iVend unplugged
Customer Group - The discount group defined for the customer groups is checked next. Customer group based discounts can be viewed from the Customer Group setup screen of the Management Console
Product Group - The discount group defined for the product groups is checked next. Product group based discounts can be viewed from the Product Group setup screen of the Management Console.
Manufacturer - The discounts defined for the manufacturer is checked next. Manufacturer based discounts can be viewed from the Manufacturer setup screen of the Management Console.
Customer Based Price List - If none of the above is defined in the system, then the system selects the prices from the price list attached to the customer. The price list attached to the customer can be viewed from the Customer setup screen from the iVend Management Console.
Price List attached to Store - Next, the price list attached to the store is selected, if none of the above criteria is met first. The Price List for the store can be viewed from the Store setup screen of the Management Console.
Product Store Combination - If none of the above is defined in the system, then the price defined for a product for a store is selected at the POS.
Product Base Price – If none of the above are defined in the system, then the base price defined for the product in the Product master record screen is selected.
The following Pricing Resolution method defined in the Enterprise Settings will also affect the Pricing Resolution approach at the POS:
If set to None, then the Pricing Resolution order defined above will be strictly followed.
· Solve to Lowest: If set to Lowest, then the Pricing Resolution engine would go through the complete list as mentioned above first and then at the end would select the Lowest Price available (or Highest Discount available).
· Solve to Highest: If set to Highest, then the Pricing Resolution engine would go through the complete list as mentioned above first and then at the end would select the Highest Price available (or Lowest Discount available).
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