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Implement Derived Pricing
To accurately calculate a product’s price from another pricing source, such as a product or an asset, or the overall quote value, use the Derived Price feature.
Required Editions
| Available in: Lightning Experience |
| Available in: Enterprise, Unlimited, and Developer Editions of Revenue Cloud where Salesforce Pricing is enabled |
Derived pricing functions by establishing clear relationships between a derived product (the product whose price is being calculated) and a source for that calculation. This source can be a source product (providing the basis for the calculation) or even the aggregate value of the entire transaction.
Before you begin implementing derived pricing, it's crucial to understand these key concepts:
The Pricing Source indicates where the pricing information originates.
| Pricing Source | Description |
|---|---|
| Product | The price is derived from one or more specific products within a transaction. |
| Header | The price is derived from the total cost of all products in the transaction cart. |
The Pricing Scope determines the method by which the derived price is calculated, and your choice depends on the selected pricing source.
| Pricing scope | Description |
|---|---|
| Transactional | The price is derived from one or more specific products within a transaction. |
| Non-transactional | The price is derived from the total cost of all products in the transaction cart. |
| Both | Allows for a combination of both transactional and non-transactional scopes. |
By setting up your derived products and defining specific pricing rules and formulas, the system automatically determines their price when added to a quote or order. This eliminates manual calculations, reduces errors, and allows for flexible, automated pricing that adapts to various business needs.
- Prerequisites to Build Discovery and Derived Price Pricing Procedures
Before you begin creating discovery procedures to locate pricing data for your products and assets, or to calculate a product’s derived price, ensure you have completed the following prerequisites. A fundamental understanding of these concepts is crucial for the successful implementation and operation of your pricing strategies. - Discover Pricing Factors
- Calculate the Derived Price of Product
Use the discovery procedure and the derived price element in a pricing procedure, to calculate a product’s price from another product or asset.
