Pricing Software and Inventory Optimization Solutions
To succeed and thrive, retailers like you, must have consumer-centric pricing and inventory solutions.
Consumer-centric pricing is a must in today's economy. Retail prices should be optimized and modeled at a frequency that keeps pace with the market. Revionics life cycle pricing software not only models every item in every store at least each week, but offers on-demand scenario modeling using the best forecasting science in the industry.
Consumer-centric replenishment requires a retailer to understand how consumers are buying by store (or location for online retailers), and how they shop by item.
Revionics is the only optimization provider analyzing such detail at the frequency needed to predict consumer behavior with precision.
Comprehensive, strategic pricing and inventory optimization software:
- Evaluates costs, competition, assortment, pricing rules, and strategy
- Includes consumer-demand data intelligence from the point of sale, calculating price elasticity
- Uses retail demand intelligence and proven science to analyze assorted data
- Generates weekly optimal everyday prices, and on-demand promotion, and markdown
- Automates inventory management with a single view of forecast consumer demand
- Models and forecasts scenarios for strategic planning purposes
- Easily integrates with existing systems
Revionics solution components include:
Life Cycle Pricing Solutions
- Everyday Price (SRP) Optimization
- Promotion Optimization and Planning
- Markdown Optimization
- Scenario Modeling and Forecasting
Inventory and Replenishment Solutions
Collaboration and Reporting Solutions
Implementation, Support, and Strategy Services:
- Price Strategy Consultation
- On-Boarding Assistance
- Weekly Data Review and Quality Assurance
- Competitor Response Analysis
- Quarterly Business Reviews
Interested in a custom project leveraging Revionics expertise and analytics? Learn more about Price Strategy Services consulting engagements.