About Price Groups
A price group is a collection of items that have the same retail price. Price groups allow the user to quickly change prices of a large group of items in one place at the same time. This is a more efficient method of managing prices than trying to re-price numerous items one at a time. It also allows the user to preserve the identity of the item. Even though it is placed in a price group, the item level information on each item sold is captured so that inventory can be tracked accurately.
To open the list of price groups in PIM, go to Taxonomy > Price Groups.
For best results when managing price groups, do not create a price group for every single product. Only create groups for items that need them. First, create the price groups and then select the appropriate group from the drop-down menu. For better organization, create a promo group that matches the price group identically, using the same ID number and name to make them easier to find and visually appealing.
If you want to track movements of specific product types, such as energy drinks, ensure your price book has appropriate categories and departments. If energy drinks are part of a larger category like beverages, create a new category specifically for energy drinks and reassign those items to this new category. This breakdown helps in running more precise reports by category and avoids large, mixed categories that include unrelated products. You can create new categories and departments and reassign items in bulk to improve organization and reporting.
You can perform the following operations with price groups in PIM:
- Managing Price Groups
- Creating Price Group
- Editing Price Group
- Deleting Price Group
- Working with Price Groups List
- Viewing Price Groups Information
- Searching for Price Group
- Sorting Price Groups
- Assigning Price Group to Item
- Setting Up Retail Prices to Price Group
