Market Based Pricing is a pricing method where the costs of Components - including Material cost, Labor cost, and Machine cost - are stored for reporting purposes but are not used to calculate price. It is also referred to as square footage pricing, area-based pricing, or square meter pricing. CoreBridge supports both Market - Product/Modifier and Market - Component pricing, which are configured in Products.
Note: CoreBridge also supports Cost Based pricing and Custom Formula pricing. For more information on Cost Based pricing, see Cost Based Pricing. For help with custom formulas, tables, or pricing, contact your Customer Success Manager at supportdesk@corebridge.net.
Setting Up Market - Product/Modifier Pricing
In Market - Assembly Pricing, the system tracks Material, Labor, and Machine costs for reporting only - cost is not used to calculate price. Instead, the system multiplies total quantity by a unit price. The unit price can be set directly or configured using pricing tier tables. Optional custom fees, minimums, and discounts can also be applied.
Navigate to Settings / Components / Products & Modifiers.
1. Select a Product.
2. Click Pricing.
3. In the Method field, select Market - Product/Modifier.
4. Enter a Unit Price, or enable Use Table to set up pricing tier tables. For more information on Tables, see below. For help with custom tables, contact your Customer Support Manager at supportdesk@corebridge.net.
5. Under Minimums, enter values as needed.
a. Per Item Minimum - Sets a minimum price per item. This charges a minimum regardless of quantity and/or total calculated price.
b. Total Price Minimum - Sets a minimum total price for the Order.
6. Under Fees, enter values as needed.
a. Per Item Quantity Fee - Adds a fee per item quantity to the calculated price.
b. One-Time Fee - Adds a flat one-time fee to the calculated price.
7. Under Discounts, enter a Viewable Discount to apply a percentage or dollar amount discount visible to the Customer.
Setting Up Market - Component Pricing
In Market - Component Pricing, the system sums the retail price set on each component - material, labor, and machine - to calculate a total price. Component costs are tracked for reporting only and are not used to calculate price. Optional fees, minimums, and discounts can also be applied.
Navigate to Settings / Components / Products & Modifiers.
1. Select a Product.
2. Click Pricing.
3. In the Method field, select Market - Component.
4. Enter a Unit Price, or enable Use Table to set up pricing tier tables. For more information on Tables, see below. For help with custom tables, contact your Customer Support Manager at supportdesk@corebridge.net.
5. Under Minimums, enter values as needed.
a. Per Item Minimum - Sets a minimum price per item. This charges a minimum regardless of quantity and/or total calculated price.
b. Total Price Minimum - Sets a minimum total price for the Order.
6. Under Fees, enter values as needed.
a. Per Item Quantity Fee - Adds a fee per item quantity to the calculated price.
b. One-Time Fee - Adds a flat one-time fee to the calculated price.
7. Under Discounts, enter a Viewable Discount to apply a percentage or dollar amount discount visible to the customer.
Use Table Option
Both Market based pricing options allow you to set up pricing tables with additional pricing tiers.
1. Enable Use Table
2. Click Edit Unit Price Table.
3. Enter Total Quantity ranges.
Note: Click the Plus icon to add more columns with additional area breaks as needed.
4. Enter default prices by Total Quantity.
5. Click Add Pricing Tier.
Note: Tables are built on a default pricing tier. Additional tiers, such as Wholesale, can be added at System Settings / Sales Settings / Pricing Tiers.
6. Select Pricing Tier from the menu.
7. Enter percentage.
8. Click Done.