Defining how you sell
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      2. Gasology for Fuel Merchants
      3. Defining how you sell

      Index types

      On Gasology, there are two types of indexes: price and order indexes.

      Price indexes

      Price indexes are all of the dollar amounts that, summed together, create the base price for a given product, period, and facility, or are used to adjust the price for a specific customer or method of sale. 

      All price indexes are dollar per gallon amounts.

      Price index types include:

      • Price index - your cost of the base product, your reference price, or the primary component of your price design
      • Location index - an additional cost component based on the physical location of the product
      • Quality index - a cost component or price adjustment based on the quality or grade of a product
      • Transportation index - the transportation cost of the product
      • Additives index - the price of any additives combined with the product
      • Margin index - your margin
      • “Other” index - values not included in the other index types

      246_20210603_Diagram01a

      When you create a base price for a given product and time period, you choose which indexes to include in that price. Similarly, when you add adjustments to a structure, customer profile, or customer vessel, you will choose which indexes to include.

      Note: Editing an index will update the prices of any price design using that index as a pricing component. Adjustments for customer profiles, customer vessels, and structure adjustments will also be updated.

      Order Indexes

      Merchants use order indexes for creating a specified quantity of fuel to be offered for sale, measured in gallons.

      Each product offered at a given price, for a given period, will have an order index defining the number of gallons you wish to offer for the product.

      246_20210603_Diagram02a

      Manual and Excel sourced indexes

      Indexes can have two source types on Gasology, manual or Excel. Source type defines how the indexes are updated or changed.

      Manual indexes require manual update by the user to publish a change in prices. This manual update can be made in the Gasology web application or manually from a connected Excel file.

      Excel-based indexes are linked to a live feed in a connected Excel file. They are updated automatically as the value in your connected Excel file changes.

      Gasology's Excel tools are explained in the articles below:

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      If you're ready to learn how to create an index, please visit the link provided.