As some of the webshops keep showing the prices even if their products go out of stock, we wanted to give you an option to include or exclude these products' prices in SmartPrice calculation. If you choose 'No' it will only take products in stock into account while calculating the SmartPrice. If 'Yes' all prices in the product will be taken regardless of stock information.
See this example below:
As you can see from the image, one of the competitors is out of stock. Let's see what will happen in two different scenarios. For both scenarios, I have a SmartPrice rule: "My price should be 5% higher than cheapest of my competitors but it should not be lower than (my cost + 5%)"
- Include Stock Out Products' Prices in the SmartPrice Calculation
In case you include the prices of stock out products, the system will calculate the SmartPrice:
- the cheapest competitor is selling the product for 12 GBP, 5% higher than the cheapest competitor is 12.60 GBP and 12.60 GPB is not less than my cost + 5% ( 3.15 GBP ), so the smart price suggestion is 12.60 GPB.
- Exclude Stock Out Products' Prices from the SmartPrice Calculation
In case you exclude the prices of stock out products, the system will calculate the SmartPrice:
- the cheapest competitor that is in stock is selling the product for 14 GBP, 5% higher than this cheapest competitor is 14.7 GBP and 14.7 GBP is not less than my cost + 5% ( 3.15 GBP ), so the smart price suggestion is 14.7 GBP. See the image below to see the difference: