What is Smart Price
Smart Price is a feature that automatically calculates and adjusts product prices using market data combined with the seller’s own input for product cost and minimum required margin. Once enabled, the system manages pricing across selected SKUs and sizes while ensuring prices never fall below the seller’s defined margin.
Smart Price Usage Conditions
By activating Smart Price, the seller is deemed to have agreed to all conditions related to the feature. Smart Price applies at the SKU and size level—if activated for one size, the same pricing logic applies to all items in that size. The feature supports all product conditions, including Brand New, Second Hand and Defective products.
Prices update once per day at 1:00 AM, and any changes made during the day (such as cost or margin adjustments) take effect in the next update cycle.
How to Use Smart Price (Tutorial)
Before using Smart Price, sellers are required to enter the product cost and minimum margin into the system. Once the feature is activated, Smart Price will automatically calculate and update prices every night at 1:00 AM. Any orders placed before this time will be charged based on the previous day’s price.
In cases where the actual quantity received is higher than the quantity submitted by the seller—for example, if 100 pairs are submitted but 150 pairs are delivered to SASOM—Smart Price will be applied to all 150 pairs. The system will also summarize the additional quantity in the weekly email.
Click here to read the detailed guide on how to use Smart Price.
Additional Stock Update Notifications
Sellers (who send large Ready to Ship batches) will receive a summary email every Friday at 6:00 PM showing the actual quantity of items covered by Smart Price that exceeds the originally declared quantity.
Benefits of Smart Price
Smart Price reduces the need for manual price updates, keeps pricing aligned with market movement, and guarantees that prices never drop below the seller’s defined minimum margin. It simplifies stock and size management and increases the likelihood that prices remain competitive without requiring the seller to monitor the market constantly.