Price Management Software

Price management software is the most powerful tool to extract the most profit in the constantly changing market. The traditional approaches to price management, such as lowering it or offering a discount per group are already ineffective.

Nowadays, to improve strategic investment, a retailer must take more action to gain more profit and get a better market position. With increasing sales in the store, retailers need to manage and optimize prices in each channel, region, and store during the constant changes in trends among consumers, suppliers, and competitors. Atriny’s experience and Symphony GOLD tools allow retailers to define and implement policies, as well as adjust prices in any channel.

What is the biggest challenge
in price optimization for retailers?

3 BASIC ADVANTAGES

5-20%

Retailer Revenue Increase

1-1.5 yrs

The period of investment return

5-10%

Sales growth

Ensuring accurate, coordinated pricing to sustain customers’ loyalty

Pricing each product for each channel is a challenge. Pricing errors or conflicts put customer loyalty at risk and affect sales. We provide retail chains with powerful solutions for price management – automation of policy compliance and the ability to update in real-time based on custom pricing rules.

We solve these problems and more:

Maximize sales and profit with the best price management solution

Price optimization is an art and science. Retailers make the best decisions considering all factors, such as customer behavior, projected demand, assortment, competition, and more. We help retail chains to optimize prices by analyzing the impact of changes on several scenarios and various business goals to determine the ideal pricing plan for a group of products. Our management solution provides pricing transparency across the organization.

Implementation of pricing strategies for all retail channels

Price optimization is valuable, but retailers achieve maximum benefits when optimization is synchronized across all sales channels. When using, in combination with other solutions on the retail platform offered by Atriny and in combination with your execution system, the retail chains will have full control over the management and implementation of the optimized pricing policy across all channels.

The price management solution
from Atriny on pricing is:

The basic functionality of the solution that supports the pricing policy is:

Decision-making support

  • The ability to view all the information related to pricing at the required level (cost, competitor charges, and sales history) in a single system
  • The ability to determine the basic logic of price updates (for example, automatic price equalization for similar products, charges for sets)

General conformity of policies and price lists

  • Control of the resulting price lists (for example, prices for identical goods of different sizes)
  • Alerts in case of violation of charge restrictions (for example, the minimum margin category, the minimum difference % with competitors) 

Centralized control and transparency of store prices

  • Approving store charges or determining a price range for stores
  • Planning updates for stores (for example, dividing 1000 price updates into 4 sets of 250 updates sold according to the schedule)
  • Centralized store monitoring

As a result of applying a pricing management software tool, the company gets benefits such as:

  • Decrease in time for planning and implementation of pricing
  • Profitability Improvement
  • Use of uniform rules and pricing policies throughout the company (transparency of pricing rules)
  • Centralized management of pricing rules considering all available information with the ability to assign retail prices by the store itself for part of the range
  • Building an optimal pricing model based on competitor information.
  • Full control of prices set by stores by the central office
  • Quick adaptation to competitor charges
Atriny offers comprehensive retail solutions. To learn more about automation tools for supply chain management, warehouse automation and replenishment, inventory management, and operations in each retail store, contact us today.

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