Oracle Fusion Pricing

In this piece of work, we will learn to create Price list in Fusion Cloud.

Pricing is a part of an Oracle Fusion Order management and is used to price items on Order lines. Oracle Fusion Pricing setup comprise below set of tasks:

  1. Customer Pricing Profile
  2. Pricing Segment
  3. Pricing Strategy
  4. Price List
  5. Pricing Strategy Assignment

Customer Pricing Profile

Customer Pricing Profile is a set of pricing-related attributes that describes a customer’s buying behavior. It is date-effective because the profile of a customer can change over time.

Pricing Segment

Pricing Segment is a grouping of customers who exhibit a common set of characteristics and similar buying behaviors. Pricing segment is used to identifies targeted groups of customers in order to apply specific pricing strategies and leverages extensibility of matrix.

Pricing Strategy

Pricing strategy is the container for the pricing rules – price lists, discount lists, shipping charge lists, cost lists, currency conversion lists, and more. Configurable process to derive the pricing strategy by using:
–Customer pricing profile
–Pricing segment
–Pricing strategy assignment

Pricing strategy defines the approach for achieving a specific goal around selling and pricing products. It contains the group of pricing rules such as price lists, cost lists, discount lists, shipping charge lists, and currency conversion list. Allow to create multiple rules determined by precedence and set business objectives and the default currency.

Price List

Price list is a defined collection of prices for items or services targeted for a set of customers for a specific period of time. Price lists are a means of capturing base list prices and other types of adjustments to arrive at the list price. It support pricing charges (price type, charge type, charge subtype), one-time charges and recurring charges.
Oracle Fusion support multiple types of price lists and identifies the item price by assigning price lists to pricing strategy. Oracle Fusion also support price list import and export capabilities

Pricing Strategy Assignment

Pricing Strategy Assignment is the assignment of pricing segment to pricing strategy. The assignment provides a mechanism to employ different pricing strategies for the same pricing segment in different selling scenarios, using extensibility of the matrix

Pricing an Order

You are the pricing administrator at Vision Corporation and responsible for implementing the pricing for your organization.

Navigate to the Pricing Administration Overview Page, by clicking the Pricing Administration work area link in the navigator.

Create Customer Pricing Profile

  • Click the Tasks panel tab
  • Click the Manage Customer Pricing Profiles link.
  • From the Actions drop-down list, select: Create

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  • In the Customer Name field, enter the Customer
  • Complete a customer pricing profile by selecting values for the attributes and dates. Although these are the default values for the attributes, you can define the valid set for your implementation in the pricing lookups. This can be done through the Functional Setup Manager, through the task Manage Pricing Lookups.
  • Click Save and Close

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Create Pricing Segment

  • Click the Tasks panel tab
  • Click the Manage Pricing Segment link.
  • From the Actions drop-down list, select: Create

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  • Complete the pricing segment by selecting values for the attributes as defined in the customer pricing profile
  • Select Unique Pricing segment value to associate with conditions defined, along with the precedence and date defined. You can define the valid set of pricing segment values for your implementation in the pricing lookups

Create Price List

  • Click the Tasks panel tab, and select: Manage Price Lists
  • From the Actions drop-down list, select: Create

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  • Enter the below field values as per requirement:
    • Name
    • Business Unit
    • Start Date
    • Price Type
    • Currency
    • Pricing Charge definition
    • Line Type
    • Calculation method
  • Click on Save and Edit, so that you can add the item and respective price

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  • In Price List Lines section, click Actions drop-down list and select: Create

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  • Select Item, UOM and Line type
  • Click on Create Charge to add price for item and respective UOM

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  • Click on Save to save the price list

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  • Once the price list is saved, you have to change the status of Price list from In Progress to Approve by clicking on the Approve button

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Your Price list is ready to be used in pricing strategy for pricing an order.

Create Pricing Strategy

  • Click the Tasks panel tab
  • Click the Manage Pricing Strategy link.
  • From the Actions drop-down list, select: Create

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  • Select name, business unit, currency and date to create strategy
  • Click on Save and Edit to assign price list to pricing strategy
  • In the Pricing Rules – Segment Price list section, click on select and add from the Actions drop down

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  • Search the price list that you already created
  • Highlight the price list you want to add, and click on Apply and then OK

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  • Once the pricing strategy is saved, you have to change the status of Pricing strategy from In Progress to Approve by clicking on the Approve button

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Manage Pricing Strategy Assignment

Now, you have created all the components for the pricing to work. Only task you need to perform is to bring together all the components together by mapping Pricing segment to Pricing Strategy

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Once Pricing Segment is assigned to Pricing Strategy, you pricing is ready to be used to price an order.

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