Configure my catalog
Once created, you still have to allow Multiply to connect your catalog to the marketplace or the website it refers to, it should now be configured; each offer of this catalog will share the same parameters.
This configuration should be done with a team member of Multiply customer success team.
> Catalog > Edit
Price bounds
> Catalog > Edit > Price bounds
Price bound parameters
If you have chosen the margin rate (at a catalog level) or the ratio method, this is the place where you will provide Multiply with the rates.
How should we prioritize bound parameters?
If you decide to configure more than one bound calculation method, Multiply will follow rules in order to use only one.
Si vous renseignez plusieurs méthodes de calcul de bornes, Multiply suit des règles bien spécifiques pour n'en choisir qu'une seule. Few rules are available, in this section, you can chose the one that suits you.
Find here the different choices at your disposal
How should we resolve conflicts?
What is a conflict? A conflict is an inconsistent situation that prevents Multiply from recommending optimally.
If you have entered two different calculation methods for the minimum and maximum bounds, this situation can happen; there are several methods to handle this situation.
Find here the different choices at your disposal
Should we use guessed reference prices to set price bounds?
Unless you supply Multiply with reference prices explicitly, Multiply picks the first price it sees on a marketplace as your reference price – we call these guessed reference prices. This is a convenient but fallible method, that may in some circumstances produce incorrect results, far removed from the reality of your prices. Because of this limitation, Multiply, by default, will not allow you to set price bounds based on guessed reference prices. Even though the ability exists in Multiply, we recommend against lifting this safety mechanism.
While the known error rate of guessed reference prices has so far been very low, we have no way of guaranteeing their correctness. For this reason, using guessed reference prices as the basis of your minimum prices exposes you to a serious risk of selling your products at a loss.
Rates
> Catalog > Edit > Rates
Multiply needs these rates, which differ from country to country and therefore from the catalog to catalog, to calculate your daily revenue :
- product VAT rate
- shipping VAT rate
Costs
> Catalog > Edit > Costs
If you have chosen the margin rate methode to calculate your bounds, it is mandatory to provide us with the costs.
This part allows you to add the general costs related to your catalog: fixed costs, transportation costs or variable costs. Multiply offers different integrated costs that you will have to set up first (Cost Types), but you can also create your own costs.
- Transportation and commission costs can be set at the catalog or SKU level.
- The purchase costs are obviously to be set at the SKU level because they are different from one product to another.
Find here the methods to import data into Multiply
Pricing
> Catalog > Edit > Pricing
Pricing strategy
Multiply uses pricing strategies to recommend the optimal prices for your products. This section is filled in by default when creating your catalog. Multiply develops specific algorithms for each marketplace.
You can contact us to refine the components of this strategy and create a custom strategy. Feel free to contact our team.
Apply price recommendations automatically
If you check this box, Multiply will observe, recommend, and send a target price for each active SKU that is in stock and has valid bounds.
The price will be sent to the marketplace directly and will enrich a feed whose URL must be integrated with your feed manager. More information: How is the target price applied on the marketplace?
> your catalog is uploaded in Multiply (delay: a few hours)
> your offers are observed (delay: a few hours)
> your bounds are calculated (time: a few hours)
> your recommendations are valid and consistent with your strategy
If you uncheck this box, Multiply will continue to observe and recommend but will not send the target price.
Be sure to save your changes.
SKU filtering
This section allows you to set up specific ways to process your SKUs. We invite you to contact the Customer Success team who will be able to help you with these particular settings.
