Pricing Strategy

1: Go to Settings -> Plan Setup

Under the pricing strategy card. we can choose which pricing strategy we want to use.

Box provides two pricing strategy by default:

1) Manual — the customer would have to manually edit the retail price of the product

2) Suggested Retail Price (Mckesson Catalog) — Use Mckesson suggested pricing as the retail price

Note: Only the pricing strategies shown are enabled. “Test plan” and “Manual” are enabled.

Note: You can hover over the blue info icon for more information

Note: the order of the pricing strategy determines the priority of the strategy used

For example:

Scenario A

Vitamin C has a manual price as 5 dollars and suggested retail price of 6 dollars.

1) Manual Plan is on the top following by Suggested Retail Price — Retail Price is 5 dollars

2) Suggested Retail Price is on the top — Suggested Retail Price

Scenario B

Vitamin C has a manual price is NOT set and suggested retail price of 6 dollars.

1) Manual Plan is on the top following by Suggested Retail Price — Retail Price is 6 dollars (falls back to the second option since the top one doesn’t apply)

2) Suggested Retail Price is on the top — Suggested Retail Price

Adding New Strategy

The following screenshot showed a list of available plans that can be enabled

Configuring a new plan

1) Click Add

2) click New Rule

• Range: pricing range

• $0-$9.99 30% markup

• $10-$19.99 20% markup …etc

• Set Final Price to 9 would automatically round round up the number to the nearest 9 cent

  • i.e. 10.83 would be rounded up to 10.89

3) Save

4) We can a new strategy by adding that to Pricing Strategy Card -> Add Plan to Ranking"