Seasonal Pricing

Retailers can configure Prism to adjust the price of an item based on seasonal demands. An advantage of seasonal pricing is that the price for an item is set high during periods of high demand and lowered as seasonal demand drops off to clear inventory to make room for the current season's products. Pricing for seasonal holiday products, such as those connected with Thanksgiving and Christmas, are frequently reduced the day after the holiday to clear inventory.
Basic Steps for Seasonal Pricing
1.    In Admin Console > Global Preferences > Seasons, define Seasons. For each season, define a Season Code (one to three characters), Season name and assign a begin / end date. The begin/end dates of seasons cannot overlap.

2.    In Admin Console > Node Preferences > Merchandise > Pricing > Price Levels, select the option Use Seasonal Pricing and define price levels.

3.    In Prism Inventory, for each item that needs seasonal pricing, display the item record and navigate to the Price/Cost tab. Assign a Season to individual Price Levels.
4.    When adjusting prices using Price Manager, select a Price Level and Season. When updating the markdown, confirm the price level and season.
After the markdown is updated, the Price in the Price Levels table in the Inventory record is updated.

Confirm Active Season on Transaction
You can see the currently active Season by going into Transaction Details. This enables Associates to confirm when seasons change and which season is currently in effect (e.g. to know if certain promotions will be in effect).