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Define a New Discount in the Product Console
To use Discounts, you must run the Create Default Time Policy job at least once. This is required to define recurring adjustments for contextual discounts. There are validations that check for the existence of the Time Policy created by the job and errors occur if something is required.
The Create Default Time Policy job creates a default time policy, but you can clear the time policy. Time Plan is not defaulted. If both Time Plan and Time Policy are undefined, then runtime time plan and policy are ignored and start and end dates are not calculated.
See Create Default Time Policy job and Set Up Attribute-Based Pricing with Time Plan and Time Policy.
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From the App Launcher, search for and open Product Console in the quick find box.
The Product Console dashboard is displayed.
- Click the + icon next to Discount to define a new discount.
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Enter the following required information. All fields marked with an asterisk are required.
Required Fields
Description
Name
Enter the name of the discount.
Code
Enter a unique code for the discount.
Discount Type
Select the order, account, or contract to which the discount applies.
Price List
Search for and select the price list to which you want to apply this discount.
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Enter the following optional information.
Optional Fields
Description
Description
Enter a brief description of the discount.
Discount Duration
Enter the number of months during which this discount applies. When the discount expires, it becomes unavailable for future sales and orders. If you do not specify a duration, the discount will expire when the end date becomes effective. If you do not specify an end date or a duration, the discount will never expire.
Applies to All Items in Cart
Indicate whether this discount applies to all the items in the cart. If you select this option, specific discount items will be ignored as the discount applies to all items in the cart.
Effectivity
Active
Select Active to activate the discount.
Effective From
Enter the effectivity of the discount record which determines if the discount is available for use. This is defined and determined by the product administrator.
Effective Until
Enter the effective until date for the discount to determine whether the discount should be displayed in the selectables list in the left pane of Industries Cart.
- Click Save.
- Define Basic Discount Settings in the Pricing Designer
You can apply a discount to a product or service. When you create a discount, you must define some basic settings in the Pricing Designer. - Define New Discount Items in the Product Console
After creating a discount, you can define the products that a discount applies to. - Create an Order-Based Discount
Order-based discounts allow you to identify, create, and apply a discount for items in the same Industries CPQ Cart where you created the discount. You can apply the discount towards a specific product or a collection of products (catalogs or categories) or to all items in the Cart. - Create an Account-Based Discount
Account-based discounts apply to all employees of a company who use a specific plan or service. - Create a Contract-Based Discount
A contract-based discount applies the discount against a contract. You can use frame agreements to set up product level, category level, and account level discounts and use them to drive pricing of future sales. By using frame agreements, you can avoid the need for individual contracts for each new deal because terms are pre-negotiated by the frame agreement. You must create a frame agreement and activate the contract for the contract-based discount to be activated.
