Adapt product price based on customer country or location (e.g. Price in € or $)¶
An international sales and distribution business network required accurate price conversion or the price rules according to the customer’s country. During quotation process some business prefer to have the rate conversion while some business wants to define the price based on the geographic locations irrespective of currency conversion. You can configure both business case using the pricelist.
Odoo wants to apply pricing rules for the customer irrespective of the currency conversion based on the customer location. They divide whole world into three different region and specific price for each region.
|Product||America (USD)||Europe & Middle East (EUR)||ASIA (USD)|
|Odoo Enterprise (Users)||28||24||16|
Assumed that the Sales Management application installed, Invoicing application will be installed as an dependant of the sales application.
You need a multiple currency support, to prepare a quotation in foreign currency. Multi-Currencies feature can be activated from Invoicing / Configuration / Settings available under the Currencies section.
Select Automatic Currency Rate to get the accurate currency conversion rate when you do want a currency conversion to prepare the quotation, set Daily for the Internal field, the rate can be updated from different exchange services such as European Central Bank, Federal Tax Administration or Mexican Bank.
To setup the price based on the customer segment or country, you have to enable the Multiple Sales Prices per Product feature available under the Sales / Configuration / Settings under the Pricing section. Keep the default option Multiple prices per product (e.g. customer segments, currencies) selected under the Sales Pricelist option.
To create a new pricelist goto Sales / Catalog / Pricelist, create a three different pricelist, set the Currency field on each pricelist. Let’s create a pricelist for european and middle east customers where we offer the price in EUR (€).
Enter EMEA Pricelist in the Name field, select EUR in the Currency field and add the Europe in the Country Group field.
The country group is used to assign pricelist automatically when customer is being created. So, even if your salesman forget to assign pricelist the system will assign automatically when customer’s country is set on the customer.
Let’s create the product Laptop, goto Sales / Catalog / Products to create the product, enter Name, set Image and Sales Price, the country specific price or currency specific price can be defined under the Sales tab.
Select the Pricelist and enter the Price, the price enter is respective of the currency defined on the pricelist (i.e. in this case we have defined 24 USD and 18 EUR).
You can create a multiple lines for the same pricelist, in case you want to offer a special price to customers, when they buy more than 1 quantity.
The Start Date and End Date is used to limit the offer for a specific dates, assume that you want to offer a special price for the Christmas (i.e. Start Date to 20/12/2018 and End Date to 31/12/2018)
Create a customer, enter the name, city, country and other contact details such as email and mobile and save the customer detail, as soon as you save the customer the pricelist will be assigned on the customer automatically based on the customer’s country, review the pricelist set on the customer form under the Sales & Purchases tab.
However, you can change it manually, if system detect wrong pricelist, you may choose same country on more than one country group which was assigned to different pricelists.
Create a quotation¶
Let’s send a quotation to your european customer, create the quotation from Sales / Orders / Quotation, pricelist will be set on the quotation and currency of the quotation will be changed accordingly, the product price will be appeared accordingly, when you add products on the quotation.
Create a quotation for China Export, add 10 quantity of Enterprise Contract (Users), 14 EUR /user applied as we prepare the quotation in EUR currency.
Now, a salesman can create quotations quickly regardless of the customer type and price offered to them, of course a correct pricelist have to be configured when you create customer, it can be reviewed later depending on the turnover.
Price based on currency conversion¶
Remove all the lines on the product Pricing and set correct Sales Price on the product form.
The price defined on the product is respective to the company currency (USD). Let’s create a quotation for the same customer and see what price will be proposed by the pricelist.
Access the video at https://www.youtube.com/watch?v=ZV1dD7ewIKI