Tutorial: Setting Up and Managing Pricing Rules in O2Vend

(For Jewellery and Laboratory Businesses)

💡 Introduction to Pricing Rules

A Pricing Rule helps automatically determine product prices based on changing parameters like metal rate, purity, material cost, and markup.
This automation saves time and reduces manual errors when prices fluctuate in the market.

Typical Use Cases

  • Jewellery Outlets: Prices are based on current gold rate + wastage + making charges.
  • Laboratory Supplies: Prices depend on chemical purity + base rate + measured quantity.

With the O2Vend Pricing Rule Engine, your store pricing remains consistent, accurate, and responsive to market changes.

🔹 Step 1: Open the Pricing Rules Section

  1. Sign in to your O2Vend Back Office account.
  2. From the main menu, go to
    Catalog → Pricing Rules.
  3. You’ll see a list of all existing pricing rules with their Display Text, Formula, and Rate configurations.

🔹 Step 2: Add a New Pricing Rule

  1. Click on + Add Pricing Rule.
  2. Provide the necessary details as shown below:
Field Description
Category Choose between Jewellery or Laboratory.
Template Use Dynamic Pricing Formula (DYNAMIC_PRICING_V1).
Brand (Optional) Apply brand-level filtering for specific products.
  1. Select Save to record the rule.

🔹 Step 3: Specify Pricing Formula and Rate Details

Once saved, navigate to the Rates tab to define how the pricing will be computed dynamically.

Each rate component represents a variable or constant value that contributes to the overall product price.

🔹 Step 4: Modify or Remove Rules

Action Explanation
Edit (✎) Revise formulas or adjust pricing details as needed.
Delete (✖) Permanently remove the selected pricing rule.

🔹 Step 5: Manage Rate Components

Within the Rates Tab, define the calculation parameters — including constants, multipliers, and formulas — that determine the final selling price.

Rates Configuration Example

Column Purpose
Display Text Name of the rate or cost factor (e.g., PlatingRate, StoneSettingCost).
IsFormula Mark as true if the rate should be derived from a formula instead of a fixed number.
Formula Mathematical equation applied when IsFormula is selected.
Rate A specific numeric value used directly for calculations.
Actions ➕ Add / ✔ Save / ✖ Delete components as needed.

🔹 Step 6: Configure Product Attributes

  1. Go to Back Office → Products → Edit Product.
  2. Open the Attributes section.
  3. Set or modify attributes such as GoldWeight = 20.95g or DiamondCarats = 4.2.
  4. Click Save to update the product data.

🔹 Step 7: Display on Online Store

After attribute configuration, the values are automatically shown on the Product Detail Page of your O2Vend eCommerce store.
This provides customers with real-time product information, including:

  • Gold Karat
  • Diamond Clarity
  • Item Weight
  • Complete Price Breakdown (Metal, Stones, Labour, Taxes)
Tutorial: Setting Up and Managing Pricing Rules in O2Vend

Example:

Gold Karat: 18K
Diamond Grade: VVS-EF
Weight: 20.95g
Final Price: ₹6,24,869