Contract Pricing Feature Overview
The Contract Pricing feature in Core dna is a dynamic tool designed to provide marketers and businesses the flexibility to tailor pricing strategies to specific business needs and contractual agreements. By incorporating various pricing models such as tiered pricing, volume discounts, and customer-specific pricing, the Contract Pricing feature enables businesses to optimize their pricing strategy and drive customer satisfaction.
How Does Contract Pricing Work with Core dna?
Within the Core dna platform, Contract Pricing is seamlessly integrated into the product catalog management system. This integration allows for the effortless application of complex pricing structures based on customer contracts. Marketers can define specific pricing rules and apply them at the individual product level or across categories, ensuring that customers automatically receive agreed-upon pricing without manual intervention.
- Automated Pricing Rules: Set automated rules that adjust pricing based on defined contract terms.
- Customizable Structures: Easily configure tiered and volume-based discounts to suit contractual requirements.
- Efficient Management: Centralized control within Core dna for streamlined management of pricing agreements.
Key Specifications
| Feature | Description |
|---|---|
| Automated Adjustments | Real-time pricing adjustments based on contract terms. |
| Custom Pricing Models | Support for volume, tier, and customer-specific pricing. |
| Integration | Seamless integration with Core dna product management. |
Practical Use Case
Let's consider a business that supplies industrial equipment to multiple corporations. This business needs to maintain different contract terms for each client, incorporating volume discounts and tiered pricing based on monthly purchase volumes. With Core dna’s Contract Pricing feature, the business can:
- Define unique pricing models for each corporation based on their consumption needs.
- Automate the pricing adjustments to reflect changes in contracted terms easily.
- Monitor each customer's purchase trends and optimize contracts accordingly within a centralized platform.
This streamlined approach ensures that customers benefit from optimum pricing strategies, enhancing their loyalty and increasing contract renewals.