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Preferences - Include My Price in SmartPrice Calculation

With this setting, you have an option to include or exclude your own prices while calculating SmartPrices.

 

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If you set this as "No", then Dynamic Pricing Module will suggest the prices just according to the competitors' prices and will not include your own prices.

Let's assume that you have a rule like "My price should be 5 GBP higher than cheapest of my competitors (including me) but it should not be lower than (my cost + 5 GBP" for the product below:

 

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If you set this as "No", the system will check your competitors' prices and see that the cheapest of your competitors has a price of 48 GBP. Then, the system will apply your rule:

  • 48+5 = 53 GBP
  • and 53 GBP is not smaller than 35 + 5 = 40 GPB
  • and suggested price is 53 GBP

If you set this as "Yes", the system will not suggest a price because your own price is also included in the calculation and then the system says "Your price is the cheapest price and your rule is also set for cheapest"

 

We suggest you set this as "No" to get always SmartPrice suggestions from the system.

 

 

 

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