Now you can effortlessly go head to head against the competition! Just sit back and let the noon Price Engine take care of the fierce pricing battles of e-commerce. 

What Is a Price Engine?

The price engine is a price optimization software that saves you time and maximizes your sales by helping you win the buybox internally and compete with external offers. It's a tool available to you in Seller Lab which captures real-time price changes across the site, and automatically adjusts pricing within the range that you authorize to stay competitive and close to the winning offer.

How does the Price Engine work?

To activate the price engine, you need to make sure to accept the Terms and conditions in the seller lab following the steps shown below.

- In Seller Lab click on the ellipsis button on the top left corner of the screen and select Legal and Tax option and click on Terms and conditions.

Note: Make sure to read and accept the Terms and conditions to start using the 
price engine on Seller Lab.

Once you agree to the TNCs of price engine, you need to set up you price engine minimum and maximum price range. This range is used by the price engine tool as a threshold for pricing the items.

Note: The maximum and minimum price range should take into consideration all VAT,
fees and commission.

1. What is the maximum price and when will your products be priced at the maximum pricing?

The maximum price refers to the highest value that you're ready to sell your item for and still be considered a fair price for buyers. The scenarios where your products will be priced at maximum are as follows:

• Winning the buy box
• No competition for the same product.
• If your maximum price is less when compared to your competitor.

2. What is the minimum price and when will your products be priced at the minimum pricing?

The minimum price refers to the lowest value that you're ready to sell your item for. The minimum price should also help you determine your profit margin on the product. Noon will not price the item less than what you have set as the minimum price range for the item. The scenarios where your product will be set on minimum price are:

• When you are not able to win the buy-box with your current rating and prices.
• When you are not able to beat the external competition with your pricing.

How to Activate My Price Engine in Single upload

- In Seller Lab click on the ellipsis button on the top left corner of the screen and select Catalog. Click on Partner Catalog.

- Then select the SKU you want to be enabled on Pricing engine

- Under the Catalog details page select the price engine tab

- Select price engine in the dropdown menu.

- This will redirect you to a page where you will see the noon min- max and seller min- max for the SKU. 

Note: You need to set your price engine minimum and maximum pricing you are willing
to sell the item for.

- Click on Save changes and update will go live immediately

 

 

How to Activate My Price Engine in bulk

- In Seller Lab click on the ellipsis button on the top left corner of the screen and select Catalog

- Click Export

- Then click Add Export

- Select Price in "Export Type", and Pricing method Update in "Export Sub-type", as well as your desired product status.

-Then click Request Report

Once the report downloaded, all you have to do is the below steps:

• Activate the Price Engine by adding "pricing_engine" to the "psku_pricing_method" column.
• Set your desired minimum price and maximum price thresholds in the price_engine_min & the price_engine_max columns.
• Deactivate the Price Engine by adding "manual" to the "psku_pricing_method" column.

 

- Upload your file to Seller Lab in the Imports tab:

- In Seller Lab click on the ellipsis button on the top left corner of the screen and select catalog

- Then select Imports and click on New imports

- Select Price in "Imports Type", and Pricing method Update in "Imports Sub-type", as well as your desired product status.

-Then click Next to upload your file.

- You can either Upload or Paste the data in the space provided as shown in the screenshot. Then click on Submit.

- Once the file is upload, it will be available in the Imports section under the Price, Stock and Deals tab. It will show the status of you file, whether is successful, failed or partially failed. 

- If your uploaded file receives a Failed or Partially Failed status, you will be given the option to download the file to check and fix the errors. Listed below are the most common reasons for file upload failure and solutions to fix those errors.

Error	Explanation	Solution to fix the error
nsku min/max breached	Your price engine range breached the noon SKU min/max range.	Adjust your price engine min/max within noon SKU min/max
fin min/max breached	Your price engine range breached your PSKU min/max range	Adjust your price engine min/max within your PSKU min/max range.
sku was not found	The SKU you entered was not found.	Make sure the SKU details mentioned in the sheet should be available in your partner catalog.
incorrect pricing_method	The pricing method can only be one of manual or pricing_engine	Make sure the pricing_method column is either manual or pricing_engine.
price_engine_min can not be greater than price_engine_max	Your price engine min is higher than your price engine max	Your price engine min price should be less than the price engine max price. If its otherwise you will get this error.
missing data field	Some fields in the row are missing	Make sure you fill in all the fields of SKUs you want to activate the price engine for.
country_code {row["country_code"]} is not valid country	Country code can only be one of AE, EG, SA	The country_code row should have the correct country code i.e., AE for UAE, SA for KSA and EG for Egypt.
duplicate row	You entered the same row twice	Make sure to avoid mentioning the details of the SKUs twice in the same document. Details of each SKU should be filled only once.

- Once you have corrected the errors, you can re-upload the file after making all the necessary corrections.

 

That’s it!

 

Got more questions? 

Contact us at seller@noon.com