When production starts, all the time and materials used are recorded in detail. This information is important for tracking how well things are going (KPIs), and it helps Sales and Marketing make adjustments to keep profits on track.
The product manager uses this information to set the base price and minimum margins. Sales and Marketing then use these numbers to plan and start their campaigns, making sure the product or service is promoted and sold effectively.
Pricing Models are essential for setting the right price for your products or services. These models can be simple, like a flat price for every customer, or more complex, like tiered pricing where the price changes based on the quantity purchased. Some pricing models offer discounts for bulk purchases, while others may adjust prices based on customer segments, market demand, or time of purchase.
Modifiers are adjustments applied to the base price. These can include discounts, surcharges, or special promotions. For example, you might offer a 10% discount to a customer who buys over a certain amount, or you might apply a surcharge for expedited shipping. Modifiers ensure that your pricing is flexible and can adapt to different situations or customer needs.
Feed Agents are tools or systems that automatically update your pricing and product information across various platforms. They pull data from your ERP system or other databases and distribute it to your online store, marketplaces, or other sales channels. This ensures that your pricing, stock levels, and product details are always up to date, reducing the risk of selling items at the wrong price or without the correct information.
Organizations refer to the various groups or entities involved in your eProcurement process. This could include different departments within your own company, like Sales, Marketing, or Finance, as well as external partners, such as suppliers, distributors, or customers. Each organization may have specific roles and responsibilities within the eProcurement system, and they might also have unique pricing models or modifiers applied to their transactions.