Why minimum and maximum prices are very important ?
In order to automatically adjust your prices according to your competitors, you need to define a minimum and a maximum price.
These two price limits help our robot to know :
- At what minimum price you agree to sell your product
- At what maximum price you agree to sell your product
These two prices are very important:
- Minimum price: You don't want to sell a product at too low a price because under a certain selling price we won't earn enough money
- Maximum price: You don't want to sell a product at too high a price because at a certain price your product will be too expensive and nobody will buy it
These two prices are defined for each of your products individually. At each price optimisation, our robot will use these two prices to adjust and optimise your price according to your competition.
Ways to define these price limits:
Define by Global strategy
Define on the product sheet in the interface
Define via file import (This allows you to make mass adjustments to your catalogue)
How to define my minimum and maximum prices through the general strategy ?
The definition of an overall strategy is mandatory. This strategy will define the minimum and maximum default prices that will be applied to each of your products. Accessing the configuration screen You can set or change this strategy via your ...
How to define my minimum and maximum prices through file import (Bulk) ?
It is possible to define your minimum and maximum prices through file import. This feature gives you the power to define the information needed to define your price optimisation strategy in bulk. To find out more about importing a file and the ...
How do I reset my reference prices?
It is possible to completely reset your reference prices. To do this, go to your application settings, Pricing tab and click on the reset reference prices button. This action will result in : - The complete deletion of the reference prices for all ...
How do I change my minimum and maximum prices product by product in the interface?
Adjusting your price bounds on a product-by-product basis directly on the interface will allow you to keep control over your price optimisation strategy. You will be able to precisely adjust your price bounds according to the context of each of your ...
What is a reference price?
The reference price is a price associated with a product. This price is fixed, i.e. from the moment it is assigned to a product, it will no longer be updated. This reference price is very important because it is used by the "reference price" ...