About Pricing Engine

A price build represents the databases associated with a pricing waterfall. To create and model a price build, use Pricing Engine.

In the Pricing Engine app, you can input individual components of the pricing waterfall. It allows you to run price simulations to model changes to discounts, costs, or promotional periods. You can then determine how those changes affect underlying pricing data.

The following image displays an example of the pricing waterfall and how to correlate its components with the concepts of Pricing Engine.

By using this application to match the price lookup process to your unique pricing structure, users can obtain prices more quickly and efficiently than by using traditional methods.

How to use Pricing Engine

To access Pricing Engine, log in to your Salesforce Org. Then, from the Manager Dashboard, select the Price Builds and Engine folder to expand it. From here, you can:

• Create a price element
• Create a price build
• Create a simulation

Terms

Before getting started with Pricing Engine, note the following terms associated with the components of a price build:

• Pricing waterfall—Analysis method used to visualize and examine the price transformation process.
• Price elements—Non-calculated elements of the pricing waterfall. Examples of price elements include cost, markup, and discount.
• Element lookup—Shows the depth of a price element in the pricing waterfall. Each element in a price build must have at least one associated element lookup.
• Lookup keys—Values configured for each element lookup. These unique fields break each element lookup into a set of fields.
• Element values—Values that represent the individual price waterfall variables with their corresponding type. Each price build can have multiple element values.