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.
See this example below:
As you can see from the image above, one of the competitors is out of stock. Let's see what will happen in two different scenarios. For all scenarios, I have a rule like "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 like:
- the cheapest competitor is selling at 12 GBP, 5% higher than the cheapest competitor is 12.60 GBP and 12.60 GPB is not smaller than my cost + 5% ( 3.15 GBP ), so the smart price 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 like:
- the cheapest competitor that is not out of stock is selling at 14 GBP, 5% higher than this cheapest competitor is 14.7 GBP and 14.7 GBP is not smaller than my cost + 5% ( 3.15 GBP ), so the smart price is 14.7 GBP. See the image below for this scenario: