Pricing tools in Valigara

Modified on Sun, 01 May 2022 at 11:42 PM

Pricing is crucial in the jewelry business. Unlike many other product categories, jewelry prices are defined not only by market values but also by their cost. This makes correct pricing much more essential. Valigara provides multiple tools for handling your pricing in the most effective way:

  • Product structure
    • Additional fields  - for cost-based pricing, use Valigara's flexible fields structure to include all cost parameters in your pricing (metal weights, gemstone prices and amounts, shipping, taxes)
    • Multiple price fields - define prices for each sales channel, price sensitivity tests, markets, sales seasons, and more
    • Desired revenue rates - calculate pricing based on the vendor purchasing cost
  • Special feeds & values
    • Gold Rate Feeds - fetched from the LME, allow to update prices as the gold prices change
    • Currency Rates - calculate prices in different currencies, to sell internationally
    • Fixed Values - quickly set and update pre-defined values to be used in the formulas, such as labor hour cost, FedEx shipping costs, etc. 
  • Automation tools
    • Price Improvement algorithms - automatically optimize the calculated prices according to the eCommerce best practices
    • Quick Price calculations - built-in interface for updating the prices in bulk, in a few clicks
    • Formulas - advanced and flexible, allows calculation of prices based on the product information (cost-based etc) 
    • Procedures - combine multiple calculations into single operation
    • Schedules - propagate updated prices to all sales channels, based on a given schedule

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