By Erik Osborn, Business Consultant at Revionics
Price optimization works best when the retailer is confident in their pricing strategy for their business and the product categories they carry. For this reason, we chose to blog about the importance of defining category role when approaching any pricing initiative – whether your initiative is around everyday price optimization, promotion planning, and markdown optimization.
A Group Contribution from the Revionics Consulting Team
If any of us had a crystal ball, we would most likely be enjoying a relaxing life somewhere, as we would have foreseen the recent changes in our economy and been better prepared to weather the storm. But since most of us are not privileged to that mystical tool, let’s talk about a few things we should all have on our immediate radar and be planning for as we look to the coming months.