You are here:
Pricing Strategies for Product Bundles
A product bundle has one or more child products. To price bundles, you can set a price for the parent product or roll up the prices of the child products. You can also apply overrides and adjustments to child products when they are part of a bundle.
The overall bundle pricing can be accomplished in different ways:
-
The parent product has a price other than zero. The parent product price is added to the child product price.
For example, the parent product of the bundle can be priced at $49.99. It is combined with the child products to make up the total price.
-
The parent product has a price of zero. The final bundle price is the total of the price of the child products.
When bundles contain optional products, the display text may show the total price if all the products are purchased. However, unless all products are added to the cart, the price in the Products list in the cart won’t match what you see in the cart. You can change the display text to indicate a range or a starting price for these types of bundles.
Product bundles for Energy &
Utilities Cloud typically have a parent product with a price of zero.
The list of included child products can vary according to factors such as smart
meters, energy consumption, and distribution region. In addition, usage pricing
involves forecasted prices. For all of these reasons, total bundle prices can vary
tremendously. Specifying display text such as price based on usage or
price based on distribution region is recommended.
To change the price of a child product in a bundle without changing the base price, you use:
-
Adjustments: Percentages or amounts that reduce or increase the base price
-
Overrides: Amounts that replace the base price
Adjustments use the base price to calculate the new price. Overrides do not use any calculations. Overrides simply replace the base price.
When you create an adjustment or an override to the product base price, you create a price list entry that is stored in the same price list as the base price. As a result, the system will display a message to remind you there are multiple price list entries in the price list for this product.
When you create product adjustments and overrides for child products, you do so in the bundle's Product Structure facet.
