Set a default core status for each sell group so the system can calculate strategic prices for products within the sell group that do not have a core status assigned. After you assign your vendors to your product sell groups, also set the vendor visibility rank to indicate how visible the vendor or manufacturer's pricing structures for your product sell groups are to the market.
Use the following visibility ratings for your sell groups:
Visibility Level |
Description |
Very High |
Generally your top-tier (leading) vendors, comprising products bought by a high percentage of your customers or at least a high percentage of customers of a key customer type; representing your key market position in the marketplace; with the heaviest and most visible competitive coverage. |
High |
Important vendors, comprising products bought by a significant percentage of your customers or at least a significant percentage of customers of a key customer type; representing your secondary position in the marketplace; with strong and visible competitive coverage. |
Medium |
An intermediate designation. |
Low |
Non-significant vendors, comprising products bought by a low percentage of your customers or at least a low percentage of customers of most key customer types; of little significance to your position in the marketplace; with little and/or low-visibility competitive coverage. |
None |
Marginal vendors, comprising products bought by a small/tiny percentage of your customers; representing your key market position in the marketplace; with essentially no significance to your market position; products provided as a convenience to your customers. |
To assign vendor visibility and a default core status to a sell group:
See Also:
Setting Price Cube Modifiers and Factors