What We Deliver
Lifecycle Price Management
Advanced pricing capabilities – without the high cost and high complexity of price optimization solutions
Pricing is the most powerful lever for profitability. However, continued commoditization, price transparency, and price wars, have all made yesterday’s pricing strategy and execution ineffective. Regular, promotional, and markdown prices. Overlapping events. Region, zone, and competitive exceptions. Price management has never been more time-consuming. A few early adopters have invested millions to implement new pricing systems with advanced analytics and algorithms - some reporting high ROI. Others are mum, citing competitive advantage. Data and rules-driven pricing systems do help retailers improve profitability. More retailers could implement and benefit from an advanced, holistic, pricing solution if there was a lower-cost alternative. Retailers who have already implemented price optimization systems could achieve even higher ROI if they were better integrated with existing price management systems. We can help.
What We Deliver
Pricing Strategy & Execution Scorecard: An enterprise-wide business and technology assessment of your pricing strategy, systems integration, and processes compared to best practices. The scorecard includes recommended quick wins, longer-term improvements, and strategy.
Custom Price Management & Rules-Engine Solutions: We have deep experience in developing and implementing sophisticated, process and data-oriented, pricing solutions. This experience enables us to develop a very cost-effective solution, tailored exactly to your needs. The result will be a more flexible system that can be easily configured for a quick start and easily modified (by business users – not expensive statisticians) to meet your changing business needs.
Pricing Solutions Integration: Better integration of all your pricing systems will help reduce pricing and price-file management time, conflicting events, and POS price match problems. Our integration and process expertise, and knowledge of all types of pricing systems, allows us to do this integration cost effectively.
Other services we provide to help you achieve your Price Management goals include:
Package Selection
Solution Integration
Project Management