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            Create a Usage Standard Cost for a Product

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            3. Communications, Media, and Energy & Utilities Managed Package

            Create a Usage Standard Cost for a Product

            You can create a usage standard cost and apply the usage cost to a product.

            To create a usage standard cost for a product:

            1. Create a pricing element for the usage standard cost.
            2. Apply the usage standard cost to a product.

            Create a Pricing Element for Usage Standard Cost

            Create a pricing element for the usage cost.

            1. From the App Launcher, search for Vlocity Product Console and open it.
            2. Search for the price list for which you want to create usage standard cost and open it.

              The price list is displayed.

            3. Click Pricing Elements on the left.
            4. Click on the Costs tab.

              The pricing elements defined for the price list are displayed.

            5. Click New. The Pricing Variable section is displayed on the right.
            6. On the Charge Type field, select Usage from the dropdown list.
              Usage
            7. Click Search and select a pricing variable.
            8. Select Usage Std Cost.
            9. Enter the required information:

              Required Fields

              Description

              General Properties

              Name

              Enter a price, for example, 0.423.

              Code

              Enter a code, for example, 0.423.

              Display Text

              Enter a display text, for example, 0.423.

              Currency Value

              Usage Unit of Measure

              Select a unit of measure from the lookup dialog box, for example, kWh.

              Amount

              Enter the amount, for example, 0.423.

              Currency Code

              Select a currency code. USD is selected by default.

              Effectivity

              Effectivity From

              Select an effectivity date.

              Active

              Select the checkbox.
            10. Click Save.
            11. Refresh the page for the new pricing element to display on the Costs tab. The new usage cost is displayed with its unit of measure, for example, 0.423 kWh.
              Costs
            12. Apply the Usage Standard Cost to a Product.

            Apply the Usage Standard Cost to a Product

            After creating a pricing element, apply the usage standard cost to a product.

            1. From the App Launcher, search for Vlocity Product Console and open it.
            2. Search for the product to which you want to apply the usage standard cost and open it.
            3. Click Pricing on the left.
            4. Click on the Costs tab.
            5. Click New.

              The Price List Entry section is displayed on the right.

            6. On the Price List field, select the price list for which you configured the usage standard cost.
            7. Enter a display text, for example, 0.423.
            8. On the Charge Type field, select Usage from the dropdown list.
            9. Click Search and select a pricing variable, for example, Usage Std Cost.
            10. Select a pricing element, for example, 0.423.
              Pricing Variable
            11. Select the Active checkbox.
            12. Click Save.

              You have added a usage cost to the selected product.

             
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