Managed Price Lists are price lists provided by a vendor in your catalog. These price lists allow you to base your prices on the recommendations of the vendor automatically, making it easy to keep your prices up-to-date.
Select "Price Lists" from the menu.
Click Add Managed Price List.
Check the box(es) for the price list you wish to add. Contact your vendor to ensure that you are using the correct Price list code. Once you have selected the price list(s), click Add Selected Lists.
This will add the managed Price List(s) to your ProductCenter. To make the Price List active, check the box for Active on SiteCenter and/or Active on CustomerCenter then click Update.