Overview

Price biasing - implemented mainly for ensuring that any overrides payable by the supplier can be considered during the Dynamic Markups selection process .

Business Value :

1. Customizable - The price biasing feature allows the creation of various agreements, each with unique biasing settings across different distribution levels.
2. Optimized - This feature uses a refined rate selection process based on the “Biased Price”, as opposed to the traditional “Marked-up Price”.
3. Explanatory - We’ve added a dump ("DynMarkupDumpWithPrices.csv") with all the required data that will be written along with all other dumps of the session .

This enhancement aids in thoroughly reviewing the selection process, ensuring the most suitable package is chosen and reflected in the API response.

How to set-up

1. Setup is done only at the Main Node (Company Node). Anything you configure there applies to all Nodes and Users.

2. Open the Main Node.

3. Click Price Biasing Settings.

   

4. Click on "Enable" and then "Define now".

5. Choose which supplier and Contract (Account) you want to apply the bias to :

   

6. Click on Accept.

7. Done.

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Explained

If you set a 2 percent bias for Supplier X, that discount is used only in the internal price-selection logic. It won’t change the final price or the markup, just how the system evaluates and chooses the best option output of the Dynamic Markup Feature.