Transform Performance with Strategic Right Pricing
Price is and will always be the critical factor influencing the shopping journey. Today’s consumers know the products they want and exactly what they’re willing to pay for them. Since the entire world is the consumer’s assortment, retailers cannot afford to price too high and risk losing sales or too low and risk losing profit. What winning retailers are doing differently is setting their pricing strategy to better understand which competitors truly affect demand and which products consumers are price sensitive to. Then intelligently execute their strategy across different channels and touchpoints.
Revionics® Price Suite delivers proven solutions for all retailers regardless of current pricing processes or sophistication. With strategic rules-based pricing, science-driven optimization, price simulation and dynamic pricing, Revionics Price Suite makes retailers of all sizes and verticals more successful and competitive.
Get the Right Price, Every Channel, Every Time with the ability to:
- Drive strategic and financial objectives, while improving revenue and gross margin from 2-6%
- Align prices to customer desires
- Prioritize decisions with rules and constraints
- Respond intelligently to competitor price changes throughout the day
- Predict outcomes through simulation and forecasting
- Gain insights and knowledge from data-driven optimization
- Derive sustainable, year-over-year benefits
Revionics can also help retailers gain deeper competitive intelligence with competitive price insights, data and management.
Drive performance and sustainable competitive advantage with:
Revionics® Price Management: Apply rule adherence and pricing consistency across the enterprise.
Revionics® Price Optimization: Merge data, strategy, rules and science to arrive at the right price.
Revionics® Strategic Price Simulation: Ensure that selected strategy achieves objectives prior to execution.
Revionics® Dynamic Pricing: Leverage dynamic pricing for intra-day competitive responsiveness.
Revionics® Price Suite enables retailers to drive improved performance and a sustainable competitive advantage with rules-based pricing, simulation and dynamic pricing.