WHAT IS PRICELIST IN ODOO?
Pricelist acts as a backbone for any businesses to run profitably. It creates a set of prices for a specific group of buyers, for a specific time period or for specific products.
Businesses can make changes in the prices according to the competition in the market or as per some specific seasons and occasions.
Are you running a business? If yes then you are landed into the right page as this blog can help you to create and manage Pricelist in Odoo.
Odoo Pricelist has made the price management really efficient as now you can manage prices in Odoo to a great extent.
Questions like “How to use Pricelist in Odoo?”, “How to create Pricelist in Odoo?”, “How to Manage Pricelist in Odoo?” has become common among the people. If you also have such questions in your mind then don’t worry as this blog will help you to clarify all your doubts.
CATEGORIES OF PRICELIST IN ODOO
- Vendor Pricelist
- Sales Pricelist
How to Create VENDOR PRICELIST IN ODOO?
Odoo user can configure the vendor pricelist by the following way:
1). Go to the Purchase Module> click on the Configuration tab> click on Settings> Scroll Down to the Products section and enable the vendor pricelist.
By default, vendor prices can be set manually in the product detail form. If the vendors provide you with the pricelist files then this option facilitates to easily import them.
2). Select any product> Click on Purchase Tab> Scroll down to the section vendors> Click on add a line> a pop will be generated> Fill the fields to create the vendor pricelist in Odoo.
You can also follow the steps mentioned below to create a new Vendor price lists in Odoo:
Go to the Purchase Module> Click on the Purchase tab> Click on Vendor Pricelists> Click on Create> Fill all the field to create the vendor pricelist in Odoo.
Important terms related to Vendor Pricelist in Odoo:
Minimal Quantity: Minimal Quantity is the minimum quantity of products for the applicability of the price list.
Validity: Validity in vendor pricelist can be defined as the time period for which a particular price list is valid.
APPLICABILITY OF PRODUCTS IN THE PRICELIST?
Applicability of the products in the Odoo pricelist:
Product Category: One can apply the price list according to the categories of the products, that are storable, consumable and service.
Global: The category makes the price list available to all the products
Product: The price list can be implemented to a product specifically
Product Variant: One can also set the price list on a single product variant
HOW PRIORITY DISTRIBUTION IS DONE IN PRICELIST IN ODOO?
The following list describes the priority in the decreasing order:
- Product Category
If Odoo user selects different pricelist than the created one for the particular product while creating a sales order. Then, the pricelist selected while creating sales order will get the priority.
HOW TO MANAGE QUANTITY & TIME PERIOD IN PRICELIST?
One can set the minimum quantity of the products to apply the price list. It means if anyone selects less quantity while ordering than mentioned minimum quantity then pricelist cannot be implemented.
Setting Time Period
One can set the start date and end date for the validation of a price list at the time of creating a pricelist in Odoo.
HOW TO CALCULATE PRICE IN THE ODOO PRICELIST?
One can calculate the price in the Odoo price list by the following three ways:
1) Fix Price: Here, you add the price to the price list manually. For instance, if you have added price $ 10 at its product level and at the time of creating the price list you have fixed price $5. Then, at the time you choose the same price list to create a sales order, $5 will automatically update.
2) Percentage (discount): Here, you can define the discount you want to apply the price list.
3) Formula: Here, the price in the price list will be updated as per the following formula;
New Price= Public Price – Price Discount (%) + Surcharge(Markup)
Odoo user can set a minimum as well as maximum margin to secure the profit.
There are the following use cases when Odoo user adds the minimum and maximum margin:
- If a new price is less than the minimum margin then it will take the value of the minimum margin.
- If the new price is more than the maximum margin then it will take maximum margin value.
- In case the price comes in between the minimum and maximum margin then it will take the New Price that comes with the help of formula.
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