What is price optimization? For most companies, there is still plenty of room for improvement in their pricing strategy. That’s where pricing optimization methods come in. When you find the right pricing balance between what people are happy to pay and what your company can make money for, everything becomes much easier. Sales and marketing,…
What is pricing analysis software? Pricing analysis software is a tool used by retailers to collect, process, and analyze data in order to set optimal prices and boost competitiveness. Price analysis software can be used for various operational and strategic tasks from putting particular items on promo to making long-term demand predictions.Pricing analysis software can…
Price Intelligence for the Rapidly Changing Market The amount of data in retail is growing every day. It includes internal data about sales, promotions, and stocks, as well as external, or competitive, data about prices and other market changes. To make this data eligible for market analysis, a retailer needs to collect it properly from…
How Price Monitoring Software can help your Business? With more companies selling similar products, the demand for them is constantly changing, and their price. The more in-demand a product is, the higher its prices will go; the more money it’ll make. You’ll want to grow your e-commerce business quickly, so make sure that you are…
What is price management software? Price management software is a tool that enables retailers to both collect and analyze all of the pricing and non-pricing data they need to make important strategic decisions and optimize their prices. Advanced software based on algorithms can process all the information retailers need and run simulations to calculate the…
