Price bands

Price bands

A price band says how far a line’s price can sit from the market price before the Pricing page reads it as Priced above market or Priced below market. Inside the band it reads In line with market. A band reads “+8% / −5%”: more than 8% above the market price is priced above market, and more than 5% under it is priced below market.

Settings → Price bands shows every band that applies to your lines. It appears in workspaces with pricing intelligence.

Bands change how the Pricing page reads a line. They do not create tasks: your tasks come from your routines, which set their own thresholds.

The default band

The default band applies to every line that no override covers. Owners and admins change it here in the band editor (see The band editor below), price tiers and dollar limits included, and press Save. Save stays off until the band differs from the one in force. Everyone else sees the default in words, for example “±10% under $500, ±5% from $500”, and that an owner or admin can change it.

An owner or admin needs a verified email to manage the workspace’s bands: the default, whole-business overrides and competitor bands. Until their email is verified, they can set and remove bands only within their own remits, like any buyer.

Overrides

An override sets a different band for a brand, a supplier, a category or a saved view, or for two of brand, supplier and category together. You add one here with Add band (see below), or by asking twelfth in chat, for example “set a +8% / −5% band for Mattel in my remit”. A band you ask for in chat is limited to your own remits unless you ask for it to be workspace-wide, which only an owner or admin can apply. Nothing changes until you press Apply on the Price bands page in Settings.

If you’re limited to remits, a band that covers none of your lines isn’t listed, unless it’s limited to your own remits and so yours to remove.

Each row shows:

• Applies to: the brand, supplier, category or saved view, or both attributes of a pair (“Board Games · Hasbro”). A saved view that has since been deleted reads “Deleted saved view”. A saved view that isn’t a Pricing view reads with “(not a Pricing view)” after its name. A category that has since been removed or archived reads “Removed category”. If you’re limited to remits, names read as your own lines spell them, and a category that none of your lines fall in reads “Unknown category”.
• Remove only: a band whose target has gone or can’t apply offers Remove only, with the note “This band no longer applies to any line.” That covers a removed category, a deleted saved view, a saved view that isn’t a Pricing view, a brand or supplier no longer on any line, and a pair that no longer covers any line. A band on a saved view that isn’t a Pricing view no longer applies to any line. A new band can’t be set on any of these. If a band’s lines couldn’t be checked when the page loaded, the row reads “Couldn’t check this band’s lines. Reload to try again.” It offers Remove only until a reload checks them.
• Limited to: the remits the override covers, or Whole business. Remits you can’t see are counted, not named (“Toys + 2 other remits”).
• Band: the band, for example “+8% / −5%”.
• Changed: who last set it, and when, in Melbourne time (“Michael · 12 Oct 17:18 AEDT”). Someone who is no longer a member reads “a teammate”.

When more than one override covers a line, they are tried in this order, and the first that covers it applies:

1. A band on two attributes before a band on one.
2. The kind: a saved view, then a brand, then a supplier, then a category.
3. Within one kind, an override limited to remits before a whole-business one.
4. Among saved views, the smaller view (fewer lines) first.
5. Then the most recently changed.

A line no override covers takes the default band.

You can remove an override limited to your own remits. Owners and admins can remove any override. Lines it covered go back to the next band that applies.

Adding and editing a band

Press Add band above the overrides to add one.

• Applies to: choose a kind (Brand, Supplier, Category or Saved view), then pick a value. Each value shows how many of your lines on the Pricing page it covers. Values that cover none of your lines aren’t listed. Saved view lists only saved Pricing views, the views saved from the Pricing page. A view saved from the catalogue or from pre-orders can’t take a band.
• Competitor: owners and admins also see a Competitor kind. It sets a band for one competitor’s prices, across the whole business, so it has no Limited to. A competitor that already has a band isn’t listed; change its band in the competitor list instead.
• Add another attribute: after picking a brand, supplier or category, you can add one of the other two. Only values sold together with the first in the remits you chose are listed. Board Games from Hasbro reads “Board Games · Hasbro”. A saved view and a competitor take no second attribute. If you change Limited to after picking the second value, that value is cleared and the list shows the values for the remits you now chose, so pick it again.
• Limited to: a band is limited to your own remits. Owners and admins can choose Whole business instead. If you hold no remits and aren’t an owner or admin, you can’t add a band, and Add band isn’t shown.
• Band: the band editor (below). Add starts from the default band, price tiers and dollar limit included. If what you picked, limited to the same remits, already has a band, the form loads that band and says “A band for this already exists. You’re editing it.” Save then changes that band rather than adding another.

Edit changes the numbers only: the whole band, in the band editor, with any price tiers and dollar limit it has. What a band applies to and where it is limited stay as they are; to change those, remove the band and add another. Edit appears on the rows you can change, overrides and competitor bands alike, beside Remove. A band whose brand, supplier, category or saved view has gone shows Remove only.

If the bands change while the form is open, your Save is not made. The form shows your change against the latest bands, before and after, and you press Save again to make it.

Price tiers and dollar limits

A band can have price tiers: a different band by price. “±10% under $500, ±5% from $500” reads lines under $500 with ±10% and lines from $500 with ±5%. The tier a line uses is picked by our shelf price, on the Pricing page’s price basis (live, or the 4, 8 or 12-week average). For a competitor band, it is picked by our price against that competitor. A band has at most 3 tiers.

A band can also have a dollar limit on either side. “±$20 or ±5%, whichever is lower” reads a line as priced above market when it is more than $20 or more than 5% above the market price, whichever limit is lower. The same test applies below. Each side is separate, so a band can have a dollar limit above and none below (“+$20 or +8%, whichever is lower / −5%”). Each tier can have its own dollar limit.

Every band takes tiers and dollar limits: the default (owners and admins, in The default band), an override (Add band, or Edit on its row) and a competitor band (Add band’s Competitor kind, or Edit on its row).

The band editor

The default, Add band and Edit all use the same band editor:

• Above % and Below %: each a number from 0 to 50, in steps of 0.5.
• Add a dollar limit adds Above $ and Below $ to every row. Each is optional: leave one empty for no dollar limit on that side. Type dollars as you would anywhere: “$1,500”, “1500” and “20.5” all work. An amount takes $0.01 to $10,000, to the cent. Anything else, such as “2.505”, “0” or “−5”, is refused on the field with “Enter dollars from $0.01 to $10,000.”, and Save stays off; nothing is rounded for you. Remove the dollar limit clears every amount.
• Add a price tier adds a row that starts From $ a price you type, with its own Above % and Below % (and Above $ and Below $ when the band has a dollar limit). The first row then reads “Under $500”, for the lines below the first tier. A from-price must be above $0 (“Start a tier above $0.”) and at most $100,000 (“Up to $100,000.”). Add a price tier is hidden once the band has 3 tiers. Each tier has a Remove.
• The tiers sort by their from-price as you type. Two tiers can’t start at the same price: the second reads “Two tiers start at $500.” until you change one.

Applying a band proposed in chat

When twelfth proposes a band, its link opens this page with a Review band change from chat panel at the top. For each change it shows what the band applies to, where it is limited, and the band before and after. A new band shows the band its lines take today, worked out over the lines it covers that you can see (the lines the Pricing page shows you: a line sold under two SKUs counts once), in the order above: for example “Default ±5% → +8% / −5%”, or “Board Games category (Whole business) ±6% → +8% / −5%” when a category band covers them now. When those lines take different bands today, it reads “Varies (3 bands)”. If a band that comes earlier in the order (a saved view’s band over a brand band, say) will still cover some of the lines after you apply, the panel says on how many lines the change won’t take effect. For a change that covers more than 1,000 lines, the panel reads the first 1,000 and says so, and its counts read “at least”. In a proposal with many such changes, later ones may not be read at all: the panel says so and shows no band before them.

A change that is already in force, because someone applied it already, reads Already in force, and applying it changes nothing: who changed the band and when stay as they were. Removing a band that someone else already removed reads the same for an owner or admin; anyone else sees it as a band they can’t see, and can’t apply it. When every change in the panel is already in force, there is nothing to apply. If you can’t make a change, the panel says why before you press anything, and Apply is off.

Press Apply to make the change, or Discard to drop it. Nothing changes until you press Apply.

If someone changed the bands after twelfth proposed, the panel says so as soon as it opens and shows the change against the latest bands; Apply makes it against those. If they change again while the panel is open, your Apply is not saved: the panel shows the change against the newest bands, and you press Apply again. A change is never applied over bands you haven’t seen.

Competitor bands

A competitor band sets the band for one competitor’s prices, across the whole business. Only owners and admins can add, edit or remove one.

When someone else changes the bands first

If the bands change while you have the page open, your change is not saved. The page shows the latest bands, and you can try again. If a change is refused, the page gives the reason beside it.