Price-Rounding Models

The Vision system lets you create price rounding models that the system can apply after all other price calculations are complete. You can create multiple rounding models, giving you greater control over your pricing.

The price-rounding feature lets you

Round the final calculated price according to a rounding model.
Apply rounding models to individual price rules within existing price models.
Enable or disable rounding on individual price levels within a price model.
Create new rounding models.
Modify existing rounding models.

Rounding models do not affect any pricing calculations that occur within customer maintenance.
Price Rounding does not affect or override any of the three different types of contract pricing: Fixed, Flexible, or Sale.

How Rounding Models Work

Rounding models work in association with pricing rules within pricing models. Within a pricing model you can associate a rounding model with a pricing rule. Then, within the pricing rule you can choose whether or not to apply the associated rounding model to any price level in that rule. Only one rounding model at a time can apply to a pricing rule.

For example, in the following diagram, rounding model Endwith25or55 is associated with the pricing rule for BEN-Bendix and it is applied to the List and Jobber price levels. Rounding model Endwith9 is associated with the pricing rule for GEN-GM Accessories and it is applied to only the List pricing level.

Implementing Rounding Models

To implement rounding models on your Vision system, you must:

Create one or more rounding models. (See immediately below.)
Apply a rounding model to a pricing rule within an existing pricing model.
Recalculate prices.

Create Rounding Models

To create a rounding model, follow these instructions:

Click Vision Configuration.
Click System Configuration.
Open the Part Information folder.
Right-click the Rounding Models folder.
Click Add New Rounding Model...

The Rounding Model form opens in the right-hand pane as shown below right.

Click the image to see a larger view.

Type in a Model Name.
Type in a Description.
Specify the rounding behavior.
For details, see Rounding Model Fields below.
Click Accept.
Repeat steps 4 through 9 to create as many models as needed.

Rounding Model Fields

Click a field to see an explanation.

These examples reflect the behavior of the settings shown in the image immediately above. These settings are not necessarily what you would want to have in your system. They serve only to demonstrate the flexibility of the feature.

Price	Rounded Price
0.32	0.25
0.67	0.55
1.11	1.15
1.33	1.25
45.69	45.55
251.47	251.25
256.63	259.55

Apply a Rounding Model to a Pricing Rule Within an Existing Pricing Model

back to implementing rounding models

Click Pricing.
Click Pricing Model.
In the bottom pane, click the pricing model that you want to edit.
In the upper pane, right-click the pricing rule that you want to edit.
Click Change Calculation Data on the pop-up menu.
The Price Level Calculation dialog opens as shown below right.

Click the image to see a larger view.

Select an existing price level calculation.
Alternatively, you can create a new price level calculation. See Add or Remove a Price level Calculation for instructions.
Set or clear the Round Price check box.
Click Add.
Repeat steps 6 through 8 for each price level calculation as needed.
Select a Rounding Model from the drop-down list.
The rounding model you select applies to all the price level calculations that have the Round Price check box set.

Click Accept.

Click the image to see a larger view.

Click Accept.

Click the image to see a larger view.

Recalculate Prices

back to implementing rounding models

After you have created rounding models and you have applied the rounding models to your pricing models, you can recalculate your product and part prices so that they reflect the price rounding you've specified.

Any activity that triggers a pricing calculation based on a model, automatically applies the rounding models that are specified in the applicable pricing model. For example, the EOD (End of Day) process and any price level changes in the Part Management -> Costs/Prices screen or Pricing -> Pricing screen will automatically apply any associated rounding models.

To recalculate your prices using the rounding models you created and applied in the previous steps, use Vision Back Office menu 2.11.1, Pricing Calculation.