Glossary > —P— > Promotional Pricing
Promotional Pricing
Enable Promotional PricingRun a Simulation
The Promotional Pricing feature manages the end-to-end promotions process from the request for a promotional price from the assessment of the impact, through any revisions, and finally to the approval and application.
Follow these steps to use the Promotional Pricing functionality.
Enable Promotional Pricing
Use these instructions to enable Promotional Pricing functionality.
1. Set the PRC_PROMOTIONS global setting to true.
2. For each user, verify that the following user rights are set to provide proper access:
Manage Promotion Folders
The promotion datasets that were defined now need to be categorized into special promotion folders. These promotion folders are categories for grouping promotion datasets and promotion policies per business requirements.
For example:
• To group by location, the Atlanta promotion folder might include all the promotions/policies related to the Atlanta location.
• To group by market, the Europe promotion folder might include all the promotions/policies related to the European market.
• To group by product type, the Computer promotion folder might include all computer-related promotions/policies.
Manage Promotions
A promotion is assigned an effective date and end date and is assigned a set of part/location SKUs.
There are two ways to create a promotion:
• Use the gateway
• Use the Promotions page
* 
The implementation teams use the gateway to create and maintain the promotions. However, most users will utilize the Promotions page to create and maintain promotions.
Run a Simulation
The Promotion Policies page is where the analysis takes place.
After a promotion is created or modified, it needs to be processed. Use these instructions to run a Promotion Policy simulation.
1. Enter Promotion Policies in the Go to box to search for the page, then select the page from the resulting list of matches.
2. Click Edit next to a promotion dataset. The Promotion Policy page appears.
3. Click Run.
4. Click the Results tab to view the data from the simulation process.
5. Click .
6. Click to return to the Promotion Policies page.
Review and Compare Results
You can review and compare promotions analysis results from the Promotion Policy page and the Promotion Dashboard page.
• The Promotion Policies page compares results based on the promotion level.
• The Promotion Dashboard page compares results at SKU level.
Was this helpful?