In KIBO’s platform, pricing and promotions are distinct but complementary concepts. The platform features a sophisticated, multi-layered pricing system. The base price of a product is set in the Parent Catalog, which can then be overridden in a Child Catalog to accommodate different prices for specific channels or currencies. Additionally, Price Lists are separate from catalogs and can be used for things like B2B accounts, loyalty segments, or different regions. KIBO determines a product’s final price based on a specific hierarchy: it first checks for a price list, then a child catalog price, and finally defaults to the pare catalog price. Following the determination of the base price by the pricing engine, the promotion engine runs to apply the “best deal” to the shopper. Promotion rules are highly sophisticated and can be applied at the line item, order, or cart level. In keebos platform, pricing and promotions are distinct. But complementary Concepts, the platform features a sophisticated multi-layered pricing system. The base price of a product is set in the parent catalog, which can then be overridden in a child catalog to accommodate different prices for specific channels or currencies. Additionally, price lists are separate from catalogs and can be used for things like B2B accounts, loyalty, segments, or different regions kibo determines a product’s final price based on a specific hierarchy, it first checks for a price list then a child catalog price. And finally defaults to the pair catalog, price following the determination of the base price by the pricing engine, the promotion engine runs to apply the best deal. Promotion rules are highly sophisticated and can be applied at the line item or order or cart level. KIBO offers a range of pricing models for various business needs. Hierarchical pricing allows for different prices based on a tiered structure, where pricing can be set at the store, regional, or national level. This system automatically applies the most specific price. Volume-based pricing is a tiered model based on the quantity purchased, commonly used for B2B accounts. KIBO also supports advanced Subscription Pricing, enabling a lower price for products a customer opts to subscribe to. For B2B customers, specific Price Lists can be tied directly to an account to provide pre-negotiated rates. Customer-based pricing targets specific customer segments, such as loyalty tiers, to offer them exclusive discounts. A unique KIBO concept is Exclusive Pricing, which combines a price list with a restricted catalog, ensuring a buyer can only see and purchase products on their specific price list, a powerful tool for B2B or store-level use cases. Kibo offers a range of pricing models for various business needs. Hierarchical pricing allows for different prices based on a tiered structure where pricing can be set at the store Regional or national level. This system automatically applies the most specific price volume-based pricing is a tiered model based on the quantity purchased commonly used for B2B accounts. Kibo, also supports Advanced subscription pricing and enabling a lower price for products, a customer opts, to subscribe, to for B2B customers specific price list can be tied directly to an account to provide pre-negotiated rates. Customer base pricing targets, specific customer segments, such as the Loyalty tiers to offer them. Exclusive discounts a unique key. Bow concept is exclusive pricing which combines a price list. With a restricted catalog, ensuring a buyer can only see in purchase products on their specific price list, a powerful tool for B2B or store level use cases. In this video, I’m going to demonstrate how to create a New Price List. In this video, I’m going to demonstrate how to create a New Price List. In the left menu, on the “MAIN” tab, click “Catalog”, then click “Price Lists”. In the left menu, on the “MAIN” tab, click “Catalog”, then click “Price Lists”. This is the Price Lists menu. This is the Price Lists menu. At the top of the menu page, users can search and use advanced filtering to quickly locate previously created Price Lists. At the top of the menu page, users can search and use advanced filtering to quickly locate previously created Price Lists. Price Lists are created and managed on Parent Catalogs, and are made available to all Child Catalogs related to the Parent. In this example, we’ll use the “Mystic Parent Catalog”. Priceless are created and managed on parent catalogs and are made available to all child. Catalogs related to the parent. In this example, we’ll use the Mystic parent catalog. By selecting the checkboxes on the far left, users can quickly “Enable” or “Disable” Price Lists. By selecting the checkboxes on the far left, users can quickly “Enable” or “Disable” Price Lists. Alternatively, Price Lists can be “Enabled” or “Disabled”, “Deleted”, or users can access the “Edit” menu by clicking the “Ellipses” on the far right side of the Price List. Alternatively Priceless can be enabled or disabled deleted or users can access the edit menu by clicking the ellipses on the far right side of the price list. To create a new Price List, click the “Create New Price List” button on the top right. To create a new Price List, click the “Create New Price List” button on the top right. This is the New Price List screen. We’ll walk through each section. This is the New Price List screen. We’ll walk through each section. First, we want to give the Price List a “Name”. In this example, we’ll use “New Price List”. First, we want to give the Price List a “Name”. In this example, we’ll use “New Price List”. We’ll also give it a unique code. We’ll also give it a unique code. Users can assign each price list a parent price list, which allows each child price list to inherit the parent price list’s overridden product pricing. When you create a parent-child relationship between price lists, for any overridden product pricing that’s specified in the parent price list but not specified in the child price list, the child price list will inherit the product pricing from the parent price list. Users can assign each price list of parent price list, which allows each child price list to inherit the parent price. Lists, over in product pricing, when you create a parent-child relationship between price lists for any overridden product, pricing that specified in the parent price list but not specified in the child price list. The child price list will inherit the product pricing from the parent price list. KIBO offers a range of pricing models for various business needs. Hierarchical pricing allows for different prices based on a tiered structure, where pricing can be set at the store, regional, or national level. This system automatically applies the most specific price. User can assign each price list a parent price list, which allows each child price list to inherit the parent price list’s overridden product pricing. When you create a parent-child relationship between price lists, for any overridden product pricing that’s specified in the parent price list but not specified in the child price list, the child price list will inherit the product pricing from the parent price list. For example, we could create a price list for a wholesale customer segment that contains wholesale product pricing, but with one particular wholesale customer, we’ve also negotiated a lower price on a dozen products. We want the pricing for the other products to remain at the wholesale customer segment pricing. To achieve this, we would create a child price list that contains the special pricing for the negotiated dozen products, and assign the price list for the other wholesale customers as its parent. This allows for the one particular wholesale customer to receive the special pricing on the dozen products and still receive the special pricing available to all other wholesale customers. Kibo offers a range of pricing models for various business needs. Hierarchical pricing allows for different prices based on a tiered structure where pricing can be set at the store Regional or national level. This system automatically applies, the most specific price user can assign each price. List apparent price list which allows each child price list to inherit the parent price. Lists over in product pricing, when you create a parent, child relationship between price lists for any overridden product pricing, that’s specified in the parent price list but not specified in the child price list. The child price list will inherit the product pricing from the parent price list. For example, we can create a price list for a Wholesale customer segment that contains wholesale product pricing, but with one particular Wholesale customer, we’ve also negotiated a lower price on a dozen products. We want the pricing for the other products to remain at the Wholesale. Customer segment, pricing to achieve this, we would create a child price list that contains the special pricing for the negotiated dozen products and assign the price list for the other wholesale customers. As its parent, this allows for the one particular Wholesale customer to receive the special prize on the Dozen products and still receive the special pricing available to all other wholesale customers. Select whether this Price List will start as “Active” or “Disabled”. As we’ve seen earlier, we can also quickly Enable and Disable Price Lists from the Price List menu. Select whether this Price List will start as “Active” or “Disabled”. As we’ve seen earlier, we can also quickly Enable and Disable Price Lists from the Price List menu. Enter an optional description to provide more context about the price list. Enter an optional description to provide more context about the price list. Here, we can choose if we want to make the Price List “Exclusive”, and if we want it automatically “Resolvable” by the system. Here, we can choose if we want to make the Price List “Exclusive”, and if we want it automatically “Resolvable” by the system. Price list exclusivity defines what products shoppers can view and purchase on a site associated with a price list.For example, we could have a B2B customer where we only want to display the products they are eligible to buy on the storefront. If we select “Exclusive”, and apply this Price List to their business account, buyers would ONLY see and be able to purchase the products listed within this Price List. Price list exclusivity defines, what products Shoppers can view and purchase on a site associated with a price list? For example, we can have a B2B customer where we only want to display the products, their eligible to buy on the storefront if we select exclusive and apply this price list to their business account, buyers would only see and be able to purchase the products listed within this price list. Resolution determines what price list KIBO applies to a shopper. When a price list is resolvable, the system can apply that price list and its product pricing directly to a shopper.This is enabled by default for improved performance. This should only be disabled if the Price List is only meant to be a parent for others and will not be chosen for a customer directly. Resolution determines what price list kibo applies to a shopper when a price list is resolvable. The system can apply that Priceless and its product pricing directly to a shopper. This is enabled by default for improved performance. This should only be disabled if the price list is only meant to be apparent for others and will not be chosen for a customer directly. Sites are configured using Child Catalogs. Any Site tied to a Child Catalog under the Parent Catalog where this Price List is being created, which is the “Mystic Parent Catalog”, can have this Price List applied to it. Child Catalogs are shown in the “Resolution” section, and the Sites that are tied to them are under their respective Catalogs. Users can choose to apply it to “All Sites”, as shown here. Sites are configured using Child Catalogs. Any Site tied to a Child Catalog under the Parent Catalog where this Price List is being created, which is the “Mystic Parent Catalog”, can have this Price List applied to it. Child Catalogs are shown in the “Resolution” section, and the Sites that are tied to them are under their respective Catalogs. Users can choose to apply it to “All Sites”, as shown here. Users can also choose to apply it only to “Specific Sites”, and select those Sites using the checkbox to the left of the Site. Users can also choose to apply it only to “Specific Sites”, and select those Sites using the checkbox to the left of the Site. Users can choose to make the Price List the “Default” pricing for the Site, overriding Catalog pricing for the selected Products. The default price list will be in effect on the Site if the resolution logic does not return any applicable price lists for the shopper, for example, if the shopper does not belong to any applicable customer segments. A site can only have one default price list at a time, though one is not required. Indexed price lists will have correct pricing reflected throughout the Site Users can choose to make the Price List the “Default” pricing for the Site, overriding Catalog pricing for the selected Products. The default price list will be in effect on the Site if the resolution logic does not return any applicable price lists for the shopper, for example, if the shopper does not belong to any applicable customer segments. A site can only have one default price list at a time, though one is not required. Indexed price lists will have correct pricing reflected throughout the Site Depending on how we’re configuring a Price List, we could choose to have it apply to one or more Customer Segments. When a Customer that is included in a Customer Segment logs into a Site that has a Price List applied to it, Pricing will automatically be updated on the selected Products. We will cover the creation and management of Customer Segments in a separate video. To apply a Customer Segment, we could type to Search, or click the “Add” button. Depending on how we’re configuring a price list, we could choose to have it. Apply to one or more customer segments when a customer that is included in a customer segments, logs into a site that has a price list applied to. It pricing will automatically be updated on the selected products. We will cover the creation and management of customer segments in a separate video to apply customer segments. We could type to search or code. If we click the “Add” button, a modal window will appear where we can scroll and select any applicable Customer Segments by clicking the checkbox next to them. When we have all Customer Segments, we’ll click the “Apply” button. If we click the “Add” button, a modal window will appear where we can scroll and select any applicable Customer Segments by clicking the checkbox next to them. When we have all Customer Segments, we’ll click the “Apply” button. The resolution rank is used to break ties when multiple price lists are applicable for a shopper at the same time. Resolution rank is an integer value, with lower integer values equaling higher priority, for example, a resolution rank of 1 wins over a resolution rank of 2. The resolution rank is used to break ties when multiple price lists are applicable for a shopper at the same time. Resolution rank is an integer value, with lower integer values equaling higher priority, for example, a resolution rank of 1 wins over a resolution rank of 2. Before moving on to adding Products to this Price List, we’ll click “Save”. This will enable the “Pricing” section and allow us to add “Price Entries”. Before moving on to adding Products to this Price List, we’ll click “Save”. This will enable the “Pricing” section and allow us to add “Price Entries”. To add a Product to our “New Price List”, we’ll click the “Add Price Entry” button in the “Price Entries” section. To add a Product to our “New Price List”, we’ll click the “Add Price Entry” button in the “Price Entries” section. In the “Product” field, we can click the dropdown on the far right or type to search for a Product. In the “Product” field, we can click the dropdown on the far right or type to search for a Product. Once we’ve located our Product, we’ll click on it to add it to the “Product” field. Once we’ve located our Product, we’ll click on it to add it to the “Product” field. We can select any currency that was configured for this Parent Catalog. If no other currencies were configured, users will only have the “Default” option. We can select any currency that was configured for this Parent Catalog. If no other currencies were configured, users will only have the “Default” option. We can select the current or any future Date and Time for the Price List to be Active. Clicking the “Calendar” icon on the right opens up a calendar selction tool, but the selection can also be manually edited. We can select the current or any future Date and Time for the Price List to be Active. Clicking the “Calendar” icon on the right opens up a calendar selction tool, but the selection can also be manually edited. We can also select when we want to end the Price List’s availability. This field is optional, and can be left blank, which will make the Price List available indefinitely. We can also select when we want to end the price lists. Availability this field is optional and can be left blank which will make the price list of available in definitely. There are 3 sections where we configure the pricing adjustments. We will walk through all 3, starting with “Basic”. There are three sections where we can figure the pricing adjustments. We will walk through all three starting with basic. When we add a Product to a Pricing Entry, the system automatically pulls in the Child Catalog pricing applied to it for reference. It will reference any default, sale, and overridden pricing that is applicable. When we add a product or pricing entry, the system automatically pulls in the child catalog pricing, apply to it for reference, it will reference any default sale and overridden pricing, that is applicable. In this section, we can apply whatever pricing is required for this Product. These fields are optional, and can be left empty. In that case, the “Default” Catalog pricing will be applied depending on the Site and Child Catalog pricing that is applicable. In this section, we can apply whatever pricing is required for this Product. These fields are optional, and can be left empty. In that case, the “Default” Catalog pricing will be applied depending on the Site and Child Catalog pricing that is applicable. There is also a Price Entry field for Subscription pricing. This is used when configuring products for Subscription and Auto-Replenishment. While that pricing certainly could be configured here, especially if Subscription pricing varies between B2B Accounts or Customer Segments, users will typically manage Subscription pricing on it’s own Price List for clarity and simplicity. There is also a price entry field for subscription pricing. This is used when configuring products for subscription and auto replenishment. While that pricing certainly could be configured here, especially if subscription pricing varies between B2B accounts or customer segments users, will typically manage subscription pricing on its own price list for clarity and simplicity. Price Lists also allow for establishing “Volume Pricing”. Users can use Volume Pricing to specify product prices that are based on specific quantities of products. For example, when shoppers order 10 to 20 hammers, we want the price per hammer to be 20,andwhenshoppersorder21to30hammers,wewantthepriceperhammertobe15. Volume pricing also allows users to specify the minimum quantity shoppers can order for a product. For example, we could specify that shoppers are only able to order 10 or more hammers. Clicking the plus sign on the far right opens another line of pricing entry that we can configure, similar to what we just did. Price list also allow for establishing volume pricing. Users can use volume pricing to specify product prices that are based on specific quantities of products. For example, when Shoppers order 10 to 20, hammersley able to order 10 or more hammers, clicking the plus sign on the far, right? Opens another line of pricing entry that we can configure similar to what we just did. On the left, we input the “Minimum Quantity” that qualifies for this Price Entry. Then we add in the applicable pricing for that quantity to the right. On the left, we input the “Minimum Quantity” that qualifies for this Price Entry. Then we add in the applicable pricing for that quantity to the right. We continue this process until we have configured all levels of “Volume Pricing”. As a shopper increases quantity for this product on the Site, pricing will automatically update as they cross the “Minimum Quantity” thresholds. We continue this process until we have configured all levels of “Volume Pricing”. As a shopper increases quantity for this product on the Site, pricing will automatically update as they cross the “Minimum Quantity” thresholds. The “Advanced” section allows for adding optional entries for MSRP, Cost, MAP, and Discount Restrictions. The “Advanced” section allows for adding optional entries for MSRP, Cost, MAP, and Discount Restrictions. Users can select one of the following values for the Discount Restriction field: Default, where the discount restriction setting falls back to the product’s discount restriction setting in the parent catalog. You can check the product’s discount restriction setting by viewing “Restrict Discounts” on the product’s detail page in the parent catalog. On, where discounts are completely restricted from applying to the price entry, even if the price list is in the Applicable Price Lists field in any discounts. We’ll discuss Discount configuration in a separate video. Off, where discounts are not restricted from applying to the price entry. For example, we could have a discount apply to a price list that includes hardware products, and add the price list to the “Applicable Price Lists” field in the discount. However, we do not want any discounts to apply to a specific shovel in the price list. To achieve this, you set the Discounts Restriction field to “On” for the shovel price entry. Users can select one of the following values for the discount restriction field. Default where the discount restriction setting falls back to the products discount restriction. Setting in the parent catalog, you can check the products. Discount restriction, setting by viewing restrict discounts on the products detail page, in the parent catalog on, where discounts are completely restricted from applying to the price entry, even if the price list is in the applicable, price list field. And any discounts, we’ll discuss discount configuration in a separate video off where discounts are not restricted from applying to the price entry. For example, we could have a discount applied to a price list that includes Hardware products and add the price list to the applicable, price list to see applicable price lists. However, we do not want any discounts to apply to a specific shovel in the price list to achieve this you set the discounts restriction field to on for the shovel price entry. If the Product we selected has Extras Product Attributes applied to it, we could also apply Price List pricing to those Extras. As with all Pricing Entries, this is completely optional. If the Product we selected has Extras Product Attributes applied to it, we could also apply Price List pricing to those Extras. As with all Pricing Entries, this is completely optional. When we’ve configured the Price Entry for this Product as required, we’ll click “Save” to save it to the Price List. When we’ve configured the Price Entry for this Product as required, we’ll click “Save” to save it to the Price List. All Saved “Price Entries” will be listed in the “Pricing” section of the “New Price List”. All Saved “Price Entries” will be listed in the “Pricing” section of the “New Price List”. The “Price Entries” field also has it’s own Search and Advanced Filtering field to quickly locate Products. The “Price Entries” field also has it’s own Search and Advanced Filtering field to quickly locate Products. To continue adding “Price Entries” to the “New Price List”, we’ll again click the “New Price Entry” button. To continue adding “Price Entries” to the “New Price List”, we’ll again click the “New Price Entry” button. When adding Configurable Products with Options, we can add “Price Entries” for each product variant as well as each base product in a price list. If we add a “Price Entry” for a base product, all product variations belonging to the base product will have the same pricing information as the base product, such as list price, sale price, cost, etc. When adding Configurable Products with Options, we can add “Price Entries” for each product variant as well as each base product in a price list. If we add a “Price Entry” for a base product, all product variations belonging to the base product will have the same pricing information as the base product, such as list price, sale price, cost, etc. If we add a “Price Entry” for a product variant, only that specific product variant will have the pricing information we define in the price entry, regardless if we have a price entry for the product variant’s base product. The product variants must also be configured with “Explicit” pricing in the Parent Catalog. We’ll discuss configuring Configurable Products with Options in a separate video. If we add a “Price Entry” for a product variant, only that specific product variant will have the pricing information we define in the price entry, regardless if we have a price entry for the product variant’s base product. The product variants must also be configured with “Explicit” pricing in the Parent Catalog. We’ll discuss configuring Configurable Products with Options in a separate video. When we’ve configured the New Price List with all applicable settings and Price Entries, will click “Save” again on the top right. When we’ve configured the New Price List with all applicable settings and Price Entries, will click “Save” again on the top right.
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