Administration - Smart Quote : Tiered Pricing

This example demontrates how tiered pricing can be setup to override the pricing calculated by Velosity Smart Quote. This can be useful for certain products to simplify and speed up approvals with customers for repairs. The tiered pricing would be negotiated upfront, thus eliminating the time spent for reviewing and approving each repair sent in.

This setup requires:

1) One additional Attribute 2) One Item per Pricing Tier 3) One Rule per Pricing Tier

Attributes

Create an Attribute of type TEXT called TIER. This will hold the value for use later.

Create Attribute TIER

Items

For each of the Pricing Tiers, we need an Item to document the cost and price of the tier. Create one, then duplicate and edit for the remaining tiers.

Create Item for Fee

Rules

Create one rule for each of the Pricing Tiers. These rules should be at the very end of all of the rules to ensure that the pricing of Items and Tasks (in the router) are overridden. Items or Tasks added after the Tier Rules would be calculated as normal (not what we want). Note: since tracking Cost is useful, we will only override the pricing.

Tier 1

This rule checks if the TotalCost is less than $250. If yes, then: - Set TIER to 1 - Set all prices to 0 - Add the Item for the pricig tier fee (FEE.PRICING.TIER1);

Rule Tier 1

Tier 2

This rule checks if the TotalCost is greater than 250 and less than $500. If yes, then: - Set TIER to 2 - Set all Item prices to 0 - Set all Task prices to 0 - Add the Item for the pricig tier fee (FEE.PRICING.TIER2);

Using this approach the costs are untouched, but the prices are set to zero. Leaving the costs untouched will allow you to monitor the profitability of the tiered pricing to ensure that the price tiers are always higher than the actual costs while including your target markup/gross profit.

Validate

Validate the Smart Quote setup

Validate

Test

Test it by adjusting the Attributes to get the costs to the levels you have set in the Rules added earlier.

Test