In Configuration you define the following information:
Name of the rule: the title of the rule
Order: you can define the order in which each created rule will be applied. If one product is included in several rules, the rule that will be applied is the one with a lower number (the closer to 1).
Active: mark this rule active once it's created. The opposite is to create it without active it.
Active range: from what range of dates the rule will be active.
Stopper: when this rule check is applied to a product, the system will do not apply any more rules to that product. This stopper make sense to get sure you apply to a product this rule, and you want to get sure no other rules will apply to this set of products. This feature is mandatory in the strategy Keep current price.
In Configuration you define the list of product that will be applied this rule. To create that list of product you can combine different conditions such category, brand, product id, with competitor, without competitor, without stocks, based on ABC profiles…
The last step is defining the rules conditions or price strategy.
First you define the Minimum allowed price, that is a rule condition to define the minimum price the tool will be able to recommend prices. It's a security condition to get sure the price will never go lower that what you defined.
Later you can define different strategies:
Keep current price: for product you don't want to recommend prices. keep with the current price assigned at this moment. If this rule is set, stopper option is mandatory.
Fixes price: same fixed price.
Basic: simple rules based on base price or cost.
Competitors: rules based on the competitors' prices like cheapest competitor, percentile, competitor position, or compare to one specific competitor…
AI strategies:
Elasticity: find the best to maximise profit by optimizing the number of unit sells and margin per unit.
Seasonality: fin the best price and adjust according to sells seasonality. It indicated for products with a strong seasonality period.
Clearance: recommend prices to decrease progressively prices to arrive to stock 0 optimizing revenues.
Extra price: used to create promos as extra rules
Save the rule and it will appear in the rules list.