Lifecycle Price Management

Optimize pricing to drive sales, volume, or profit while maintaining price image across the pricing lifecycle.

• Offers users one of the most advanced consumer demand sciences in the industry, to help retailers understand how shoppers respond to price changes based on product elasticity for each item, line, or category
• Affords merchants and buyers with a more detailed, measurable and accurate understanding of the elasticity of each item
• Provide what-if analysis” simulation to help retailers create and evaluate multiple pricing scenarios to fine-tune their pricing strategy before prices become final
• Optimize pricing based on user-defined goals and constraints defined by business rules

Single pricing system to price across entire product lifecycle and all items.

• Manage pricing across a product’s lifecycle including everyday or base prices, promotional pricing, and markdown or clearance pricing
• Single transparent pricing system provides control over all items including the most popular products, slowest movers, and most perishable items.

Improve efficiency by automating cumbersome, time-consuming pricing tasks.

• Key capabilities, such as rules-based pricing, help retailers ensure that their prices comply with their pricing policies
• Price maintenance rules allow retailers to automate the process for managing cost and competitor price changes, as well as the process for determining when new prices are sent to stores
• Streamline processes and gain more time to spend focusing on strategic analysis

Maximize volume, revenue and profit by managing and optimizing pricing across the merchandise lifecycle.

• Use softlines-specific science to identify opportunities to maximize profitability or meet inventory objectives
• Provide ‘what-if’ scenario capabilities to help retailers create and evaluate new pricing plans and options prior to execution
• Optimize pricing based on user defined goals and constraints governed by business rules

Optimize markdown timing and depth to achieve inventory and financial objectives.

• Set primary and secondary markdown goals to minimize inventory, maximize profit, or maximize revenue
• Make better decisions by designing markdown plans based on the unique price elasticity and inventory position at each store

Improve efficiency by automating cumbersome, time-consuming pricing tasks.

• Automatically create and initiate new pricing plans and scenarios based on department or class specific user-defined rules
• Automate the weekly re-optimization process to adjust markdown intervals and tactics midway through a plan, based on performance