Pricing is the process whereby a business sets the price at which it sells its products and services and may form part of the business marketing plan. In setting prices, the business takes into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition, market conditions, brand, and quality of product.

Pricing is a fundamental aspect of product management. It can be a manual or automatic process of applying prices to purchase and sales orders, based on factors such as: fixed amounts, quantity breaks, promotion or sales campaigns, specific supplier quotes, prices prevailing on entry, shipments or invoice date, combination of multiple orders or lines, and many others.

SYSPRO's pricing functionality caters for both local and foreign currency transactions and covers many pricing configurations, including:

  • Global-based

  • Contract

  • Trade Promotions

  • Sales Pricing Engine