The Workaround Test: Is Your Pricing Platform Still the Right Fit
Most retailers would probably judge a pricing platform by what happens inside it. Does it collect the right competitor prices? Are the reports accurate? Can…
Most retailers would probably judge a pricing platform by what happens inside it. Does it collect the right competitor prices? Are the reports accurate? Can…
There is usually an obvious point at which a business starts questioning a technology provider. The data becomes unreliable, service levels deteriorate, important requirements cannot…
Most retailers have a pricing strategy. The harder question is whether that strategy is applied consistently when hundreds of day-to-day decisions need to be made.…
Pricing teams make hundreds of decisions, but many of them are really the same decision appearing in a slightly different form. Should we match this…
Retailers often assume pricing maturity comes from better software, more competitor data or a larger pricing team. Those things can help, but they do not…
Most retailers regularly review their prices. They compare competitors, analyse margins, monitor price indexes, assess promotional performance and identify products that may need to change.…
Category managers are not short of information. Competitor prices, promotional activity, sales performance, margin pressure, stock availability and wider category performance are already part of…
Retail pricing teams have never had more information to respond to. Competitor prices change throughout the day. Promotions begin and end. Stock positions move. Reports…
For many retailers, price matching has become almost instinctive. A competitor drops the price of a product and the immediate question becomes, “Should we match…