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Defining Cost and Margins
Follow these basic required steps to define cost and margin ranges. Each step provides more information about enabling, configuring, and using this feature.
- Enable the cost and margin feature. See Enabling Cost and Margin.
- Create a pricing element for price and cost and then configure the price for your product.
- Configure a cost for your product. See Define Costs in the Pricing Designer.
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View the cost and margin in the Industries CPQ Cart.
NoteMargins are calculated automatically after you configure the price and the cost for your product.
- Enabling Cost and Margin
You can enable the cost and margin feature using the Vlocity CMT Administration Console. When you enable this feature, it creates metadata to define the cost and margin. A special variable related to cost and margins is enabled. You can view and use costs in Industries Cart. When you disable this feature, any quotes, opportunities, or orders using costs become invalid. Salesforce recommends that you do not disable this feature after you have enabled it. - Create a Pricing Element for Costs in the Pricing Designer
A pricing element is the base element of a Price List. It can indicate a charge, cost, or adjustment to apply to a Product, Bundle, or Promotion. It consists of a pricing variable that identifies a one-time or recurring charge and a value for different currencies or loyalty points. - Define Costs in the Pricing Designer
Similar to the way you define a price for a product, you can define costs for a product. Adjustments and overrides do not apply to costs.
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