CyberStore Documentation
Pricing Supported by CyberStore
You can choose from various types of pricing supported by CyberStore to apply to your Items. You can add discounts or adjust the prices based on the type of Item or Customer or even display a price in multiple formats.
The default Customer price is the default price for an Item. When a shopper browses your Site without logging in, this is the price that they see.
Suggested Retail Pricing Method
The Suggested Retail Pricing Method is a way of pricing within CyberStore that allows different ways of establishing and populating retail prices for customers. There are three unique methods in which this can be set and will be explained in more detail below:
1. List Price- this setting populates the price of an item from SYSPRO
2. Specific Customer Price- The specific customer price is a way for a user to set a retail price that is unique to a specified customer. Also within this functionality, a Specific Customer Price can be made the default, allowing for a specific pricing to become unanimous throughout the storefront.
3. Custom- The Custom method relies on user uploaded data and becomes non-modifiable.
More indepth information on SRP pricing can be found here: Add Suggested Retail Price to Item Data and Ability to See and Edit it in Console
Within SYSPRO, you are able to set up various price codes to which you assign Customers. Each of these price codes represents a set of prices that those Customers pay for your Items, and you can assign one price code to various Customers. When the shopper logs into your web store, CyberStore recognizes the Customer and the associated price code. As a result, the Customer only sees the prices associated with that SYSPRO code.
A quantity discount can be set up for an Item or a group of Items. It allows you to vary the price of an Item based on the quantity that the shopper buys. This is especially useful for encouraging shoppers to buy in bulk. For example, if a shopper buys five or less shirts, they would be sold at $20.00 each. If the shopper buys between five and ten shirts, they would pay $18.00 each. And for more than ten shirts, they would pay $15.00 each.
When the prices are displayed, the shopper sees them in a table, which shows the quantity of the Item that the Customer might buy alongside the differences in pricing for each quantity.
A type of quantity discount, the contract quantity discount acts in the same way as outlined above. The only difference is the process of the implementing the discount in SYSPRO.
Extended pricing is an automated pricing method that relies on the pricing method against the stock code to determine the applicable price to apply.
An extending pricing method uses a matrix to determine which price code or discount code to use.
The matrix is set up by first defining a pricing category against each stock code, which is a letter A-Z. Then against the customer, you enter the corresponding price or discount code to apply per pricing category. Depending on the pricing method defined against the stock code, the price code matched against the table is used to locate the required discount in the discount table, or a price entry in the price code file.
Extended pricing provides for up to twenty-six price/discount codes per customer.
Before moving into this specific type of pricing, it is important to understand the concept of a contract. A contract determines the price on an Item before taxes based on the Customer, buying group, product group and/or stock code. In order for a contract to exist, you must have either a Customer or buying group AND either a product group or stock code. It serves as a system of pricing between the type of shopper and what they are purchasing. You can use SYSPRO to set up a contract, although this is not required and is dependent upon your needs as a business.
A contract flat pricing is simply to assign a flat price and unit of measure to the customer or group.
Contract coded pricing allows you to assign a specific price code to the contract. It utilizes the price codes available for set up in SYSPRO. An Item is set up to be a certain coded price.
The contract list price less percent pricing allows you to take a percentage off of an Item or group of Items. It is applied to the List Price of an Item.
The contract list price less chain discount pricing allows you to apply multiple discounts to an Item or group of Items. It is applied to the List Price of an Item.
The contract coded less chain discount pricing allows you to apply multiple discounts to an Item or group of Items. It is applied to the Price Code you use for the contract.
The contract coded less unit discount value pricing allows you to apply a unit discount to an Item or group of Items. It is applied to the Price Code you use for the contract.
Trade Promotion Module pricing, or TPM pricing, is a SYSPRO pricing system that allows you a more precise means of adjusting the prices of certain Items for certain Customers. This type of pricing is useful for the movement of a large volume of goods. Aside from pricing, TPM provides you with options for setting promotions, accrual reductions, and multi-tiered credit checking.
CyberStore currently supports TPM pricing at the stock code level for TPM promotions that are coded (T) or percentage off (M) with the exception that promotions of the Accrual type will be ignored.
CyberStore currently supports TPM Discounts in calculated by Quantity (N), Mass (W) or Volume (V).
In order for TPM discounts to be displayed, the Customer must be set to TPM pricing in SYSPRO and the Item must be set to TPM pricing in CyberStore. If both of these are not true, the pricing defaults to Standard SYSPRO Pricing. To set TPM pricing in CyberStore, use the Item Maintenance grid and navigate to the Pricing tab.
Invoice line discounts are applied to specific Customers, and the same discount can be applied to various Customers. They provide a percentage discount to all Items in your web store. Such a method could be useful if you want to benefit a highly valued Customer by allowing them to make purchases at lower prices.
There are two different types of this form of pricing: net invoice line discount and gross invoice line discount. These discounts exhibit the same behaviors on the front-end but are processed differently.
In a net invoice line discount, the price of each Item before tax is reduced by a percentage, and these values are added together for the order subtotal. For example, imagine your Customer has two Items in their order, one that costs $100 and one that costs $50. Say you employ a net invoice line discount for that Customer at a value of 10%. The first Item in the order then costs $90, and the second costs $45. The order costs $135 before tax after the discount.
A gross invoice line discount works similarly. The price of the Items before tax are added together to give an order subtotal. Then the subtotal is reduced by the percentage that you determine. Once again, imagine your Customer has two Items in their order, one that costs $100 and one that costs $50. The order subtotal is $150. Say you employ a gross invoice line discount this time for that Customer at a value of 10%. The order costs $135 before tax after the discount.
Note:
For information on pricing that exists only in CyberStore, see the next topic, Pricing Exclusive to CyberStore.