Pricing can be managed for both buy side and sell side contracts. 

Locate Contracts Page

Click the Supply Management tile on the Supplier homepage.

Next, select the Contracts tile.

Use the tab toggle to manage Supplier Contracts (buy-side) or Customer Contracts (sell-side).

 

 

Standard Pricing Options

When creating a contract or editing contract details, click Set Pricing to select one of the following options: 

• No Pricing: Titan Logistics will not monitor or make decisions regarding the price.
• Market based: This pricing option is based on OPIS / AXISS pricing codes combined with the ability to make percent or $dollar adjustment 
• Fixed: This is a fixed value that’s pre-determined. 
• Fuel Cost: This is based on fuel cost + an adjustment 
• Index: This is an index-based price option where a user can set the roll time, pricing day, snap and differential. 
• Index Optionality: This pricing option gives customers the ability to compare between 2 difference indices and select the better of the 2 indices (lower of or higher of) including a capped (max price) or collared (max+min) price assignment.

Based on the selected option, additional options will populate.

Complex Pricing Options

Complex pricing based on multiple indices can be accommodated using the Index Builder. 

To locate this, navigate to the Supply Management tab on the Supplier homepage, then click the Index Builder tile. 

On this page, you can manage or view prices for an existing index using the icons in the Action column, or click Create New Custom Index. 

To create a new custom index, add an Index Symbol (or identifiable name) and description, then select “Search Index” to assign the first index.

Use the filters to search for indices and review Units and Prices. Click the Symbol to select an index, and/or click the Enable Action to activate. 

Click Add Index Component to search for and include a second index.

Adjust the weighting of each index based on your unique complex pricing formula, and if needed, change the operator below the index component.

Notice that as you make changes, the formula at the top of the screen will update. 

Continue to configure pricing by adding discounts, adjusting pricing day, roll, etc. as needed, then click Save to add the new custom index to the grid.

Now, when you configure a Contract, select Index for the pricing option. To locate and apply your custom index, enter the symbol or name you assigned to it under Symbol Name and click Search.