Price Point Rounding 

Use

Price points are fixed sales prices that are used as targets for rounding in the sales price calculation function. For example, retailers often use psychologically appealing price points; prices that are just below a round figure, such as $2.79 or $2.89.

You group price points in a price point group by specifying price point areas. You assign the price point groups to organizational levels/merchandise categoriesor article hierarchy nodes.

If you define final prices (list field ENDPR) and retail prices (list field EVPRS), you can use price points in the sales price calculation.

For more information about price point rounding in the sales price calculation, see Procedure for Sales Price Calculation.

Prerequisites

·        You have defined price point groups. You have used price point areas to define price points. You have used the rounding rule to determine how the system rounds between price points, for example, that it always rounds up to the next highest price point.

For more information, see Customizing for Logistics - General under Pricing ® Sales Price Calculation ® Price Point Group ® Define Price Point Group and Assign Price Point Areas.

·        You have defined the price point group assignment category and, in doing so, have also defined whether you want to assign price point groups to organizational levels/merchandise categories or article hierarchy nodes.

For more information, see Customizing for Logistics - General under Pricing ® Additional Parameters for Pricing.

·        You have assigned price point groups based on the price point group assignment category.

¡        Organizational level/merchandise category

For organizational levels, a difference is made between distribution chains and optional price lists.

For each assignment, you use the price point category to specify the price determination process for which you want to use the price point group. In addition to rounding the final price (list field ENDPR) and the retail price (list field EVPRS) in the sales price calculation, this allows you to define special price point groups for the promotion and for markdown planning.

For more information, see Customizing for Logistics - General under Pricing ® Sales Price Calculation ® Price Point Group ® Assignment of Price Point Group to Organizational Level/Material Group.

¡        Article hierarchy nodes

You can assign price point groups to article hierarchy nodes when you are processing the article hierarchy. In addition to the price point category, you also define the assignment with the ranking type.

For more information about processing an article hierarchy, see Article Hierarchy Maintenance.

Features

·        In the pricing table, the system displays the price point groups in the following list fields:

¡        EPRGR: Rounding of final price

¡        EPRG2: Rounding of retail price

To display price point groups, you must use a list variant with the named list fields.

·        You can change the price point group in the sales price calculation. If you change the price point group, the system also adjusts rounding of the final price and the retail price. When changing the price point group you have the following options:

¡        Making a change in the pricing table

¡        Making a change with the mass change function

¡        Changing the price point group by making mass changes to the final price

Activities

Changing price point groups in the pricing table

You enter the new price point group in list field EPRGR or EPRGR2.

After the data is released, the system rounds the current value of the final price or retail price according to the new price point group.

Changing the price point groups with the mass change function

To change the price point group simultaneously for several pricing items, you proceed as follows:

 

       1.      Highlight the required rows in the pricing table, position the cursor in the list field EPRGR or EPRGR2 and choose Change List Field.

       2.      You can enter the new price point group directly or you can specify that the system is to determine the price point group automatically in the article hierarchy with the defined ranking type.

       3.      If you change the price point group for the final price, you select the base price required to adjust the final price. The base price rounded with the new price point group results in the new final price.

If you change the price point group for the retail price, the system automatically uses the current retail price as the base price.

       4.      Copy the settings.

Changing price point groups with mass changes to the final price

If you use the mass change function to adjust the final price, you can also change the price point group.

 

       1.      Highlight the required rows in the pricing table, position the cursor in the list field ENDPR and choose Change List Field.

       2.      Select the Price Point Rounding indicator.

       3.      Specify whether you want to enter the price point group directly or whether the system is to use key fields to determine the price point group.

       4.      For the direct entry option, you enter the price point group in the relevant field. For the automatic search option, you enter the necessary key fields.

Depending on the price point group assignment category, the system displays different input fields for the key field search.

       5.      Copy the settings.

The system makes the price change and transfers the specified or automatically determined price point group to the relevant list field in the pricing table.

See also:

Access Sequence for Determining Price Point Groups

Final Price