Apttus CPQ - Price Lists for Products

 In my last Blog we have created Bundled Product Hierarchy

 (URL -https://imaginativesap.blogspot.com/2021/05/apttus-cpq-how-to-add-option-groups-and.html)

now we will see how to setup different Prices for Products.

How to define Prices (Global/Custom Price) and why it is required?

When sales Reps need to sale any Product(standalone or Bundled) then they required Price List for each Product. If we want to sale our Product in same price for all customers then we can setup standard "Global Price" and link with all Products but if we have specific customer or we made long term contract with few customers then we will offer special prices for those Prime Customers. In this case we need to setup custom Prices based on customers.

Lets take below example that i need to configure in Apttus:

Create New Global Price List:

1. Go to "Price List" tab

2. Create New Price List->Enter Price List name = "Global Price List"

3. Select "Currency"(US Dollor or EURO) depend on your location.

4. Save and check Global Price List created

Create Custom Price Price List:

1. Go to "Price List" tab

2. Create New Price List->Enter Price List name = "L&T Price List"

3. Select "Currency"(US Dollor or EURO) depend on your location.

4. Select Customer Account or Agreement Number(depend on your customization)

5. Save and check L&T Price List created

How to link above Price Lists with Product (Ex-Washing Machine)

Global Price List added:

1. Go to Product tab

2. Open Product - "Wahsing Machine"

3. Go to Related List -> "Price Lists"

4. Click on "New" button

5. Select "Global Price List" from Price List lookup

6. Enter List Price = 280$ and save the record.

7. Check new Price List item or entry visible in "Price Lists" related list.

Note: In above scenario, Sales Rep can sale Washing machine with Global price = 280$ to all Customer.

Custom Price List - "L&T" added:

1. Go to Product tab

2. Open Product - "Wahsing Machine"

3. Go to Related List -> "Price Lists"

4. Click on "New" button

5. Select "L&T Price List" from Price List lookup

6. Enter List Price = 245$ and save the record.

7. Check new Price List item or entry visible in "Price Lists" related list.

Note: In above scenario, Sales Rep can sale Washing machine with custom price = 245$ to on;y "L&T" Customer.

Same way we can create "Price List" entrries for Customer B and Customer C.

Imp Point: As i said in my last Blog, we will not be able to search any product in Catalog if Global Price is not created for Product as it is mandatory for each Product.

Imp Point: Don't get confused for "Price Lists" and "Price List Items", Price List item is link between Product and Price List that happen through Product object(Please see above).

Next Blog: Create Quote and add Products from Catalog

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