Configuring Parameters and Formulas in Pricing

Objective

After completing this lesson, you will be able to apply configurable parameters and formulas to design effective pricing strategies within commodity management.

Configurable Parameters and Formulars in Pricing

Lesson Summary

In this video you've learned:

  • Qualitative Pricing Setup: Learn to configure complex pricing rules without development, using formula parameters for penalties and surcharges.
  • Formula Creation: Create and assign formulas using BRFplus, enabling dynamic calculation of pricing adjustments based on quality metrics.
  • Scale-Based Pricing: Implement scale-based formulas for industries like oil and gas, adjusting penalties based on quality thresholds.
  • Simulation and Testing: Utilize BRFplus to simulate and test formulas, ensuring accurate pricing adjustments before document creation.
  • Advanced Features: Explore cumulative and graduated scales for complex pricing scenarios, enhancing flexibility in commodity management.

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