Managing pricing effectively is crucial for optimizing sales and maximizing profits. Rockton Pricing Management (RPM) offers a range of features to streamline this process. Here’s a quick overview of how RPM works and why it should be your choice for pricing strategy software.
Leveraging Document Line Conditions
RPM allows for sophisticated pricing rules based on document lines. For instance, if a sales document includes multiple lines, you might want to apply pricing conditions based on previous lines or evaluate the entire document. This flexibility is helpful for promotions like “buy three, get one free,” where the discount applies to the fourth item if the first three meet the criteria.
Dynamic Pricing with Quantity Evaluations
You can set pricing conditions based on quantities across all document lines. For example, if you sell milkshakes, you can create a rule that offers a discount if a customer buys ten shakes of any flavor. RPM evaluates the total quantity of shakes on the document to apply discounts accordingly.
Custom Pricing Filters
RPM enables you to create filters based on item attributes. For example, if you want to apply a pricing condition exclusively to items like chairs or tables, you can set up filters using item categories. This allows you to tailor pricing strategies to specific product groups, ensuring relevant pricing adjustments.
Commodity Pricing Adjustments
RPM offers tools to manage these changes efficiently for industries dealing with fluctuating commodity prices. You can set up price calculations that adjust based on current commodity values. By integrating price books and sheets, you can apply percentage-based adjustments to commodity prices, ensuring your pricing remains competitive and aligned with market conditions.
Date-Driven Pricing
RPM supports dynamic pricing adjustments based on dates. For instance, you can update your price sheets if commodity prices change daily. RPM will then apply the correct pricing based on the transaction date, allowing for accurate and up-to-date pricing. Additionally, this allows time to set up future pricing changes in advance, that will be invoked automatically in the future.
Integration with Data Sync
RPM leverages data synchronization to keep relevant ERP information current, such as Customers or Items in your accounting system. This means changes to a Customer’s attributes, such as their Class, can immediately reflect accurate pricing that is based on Class. Data sync can also import external commodity data, ensuring your pricing calculations reflect the latest market values.
Conclusion: The Pricing Strategy Software You Didn’t Know You Needed
Rockton Pricing Management offers a comprehensive suite of robust pricing tools to maximize any pricing strategy. With flexible conditions, dynamic evaluations, custom filters, and external integrations, RPM helps businesses optimize their pricing effectiveness. By utilizing these features, you can ensure that your pricing strategies are both efficient and responsive to market changes. Learn more about Rockton Pricing Management here.
