Price Optimization handles complex pricing strategies. It recommends non-promotional, non-discounted prices by leveraging retailer-defined rules, competitive data, data science, and machine learning. The solution boosts sales, profitability, and volume while enhancing competitiveness and customer satisfaction.
Prices are generated for items across locations and channels, but the system is designed with the user in mind. They can review, adjust, and approve with visibility into forecasted impacts on revenue, profit, and unit sales. Users can also run ad-hoc scenarios, modifying rules to compare outcomes before finalizing prices, ensuring the system is flexible and accommodating to their needs.
Price Optimization also includes capabilities for pricing extended price reductions funded by vendor deals that run for a month or more.
Prices are generated for items across locations and channels, but the system is designed with the user in mind. They can review, adjust, and approve with visibility into forecasted impacts on revenue, profit, and unit sales. Users can also run ad-hoc scenarios, modifying rules to compare outcomes before finalizing prices, ensuring the system is flexible and accommodating to their needs.
Price Optimization also includes capabilities for pricing extended price reductions funded by vendor deals that run for a month or more.
Category Products