You are here:
Pricing Metadata for EPC
To price a product, you must create pricing metadata, such as pricing variables and pricing elements, that you can reuse across products and prices.
Pricing metadata includes the following items:
-
Pricing variables — The type of price that includes several settings: whether the price is a charge or an adjustment, whether it's one-time or recurring and at what frequency, whether payment is currency or loyalty points, and whether it's a standard charge or a penalty fee.
-
Pricing elements — A reusable pricing component that has a one-to-one association with a pricing variable.
-
Time plans — A duration of time that a price or a change to a price is valid.
-
Time policies — When the time plan of a price or a change to a price begins and when it ends.
-
Pricing plans — A means to support different pricing calculations and storage for different line items.
- Price Lists in EPC
To select products in the Industries CPQ Cart, each product must be assigned to a price list. Each price list must be associated with a price book. You can assign more than one base price to a product by creating price list entries stored in different price lists. - Pricing Variables in EPC
Pricing variables contain metadata that defines the pricing type. When you create a price list entry, you choose a pricing variable to be part of the price. - Pricing Elements in EPC
A pricing element consists of a pricing variable, an amount, and a payment type. Pricing elements can be either charges or adjustments. - Create a Time Plan for a Product's Price in the Pricing Designer
A time plan defines the length of time that pricing applies to a product. Time plans apply to adjustments and overrides for products in bundles or promotions. - Create a Time Policy for a Product's Price in the Pricing Designer
A time policy indicates when the pricing starts and stops being applied. You can set a time policy for a base price, adjustment, or override.
