Applying Rule Adherence and Pricing Consistency Across the Enterprise
Revionics® Price Management assures pricing consistency and adherence to company pricing rules, vendor policies, and competitive positioning. Scalable to meet large retailers’ volume, this product provides extensive business rule sets, intuitive workflows, and easy to understand analytics so retailers can meet their essential pricing needs.
Competitive Price Data & Insights
Unmatched Actionable Competitive Pricing Intelligence for Strategic Pricing
Revionics® Competitive Data & Insights solutions provide accurate, best-in-class, online competitive intelligence data to enhance Revionics’ Price Suite and deliver more responsive and precise pricing across all channels. Through user emulation, these solutions deliver unprecedented match rates in the industry. With powerful dashboards, visual reporting and analysis of competitive data, retailers glean the best information to drive their merchandising strategies and ultimately improve shopper loyalty, sales and profits. Quick to learn and implement, these solutions can be ready in 2-3 weeks.
Merge Data, Strategy, Rules and Science to Arrive at the Right Price
Revionics® Price Optimization blends strategy, business rules, science, and data to recommend optimal prices and forecast the effect on consumer demand. With this solution retailers gain visibility to shopper price sensitivity, competitive price positions, cost changes, seasonality, and other relevant data points that influence profitability, competitiveness, and demand across all channels.
Strategic Price Simulation
Ensure that Selected Strategy Achieves Objectives Prior to Execution
Revionics® Strategic Price Simulation prepares retailers for the inevitable market changes. Using sophisticated predictive analytics & forecasting, retailers can test new strategies, simulate and compare different outcomes before implementing them in the market. Thus, giving retailers the enduring edge to increase their competitive advantage.
Intra-day Competitive Responsiveness
Revionics® Dynamic Pricing brings the speed and responsiveness of dynamic pricing while avoiding margin loss through rampart competitive matching. With intra-day pricing, quick price re-evaluations, automated approval workflows, and exception management, retailers can be assured they are presenting the most optimal price throughout the day.
Promote effectively. Promote strategically. Promote confidently
Revionics® Promotion Management empowers retailers to easily plan, forecast, simulate and analyze campaigns, promotions and events across all channels while maximizing vendor funds and marketing investments. By incorporating financial targets and forecasts against demand, retailers can predict the overall campaign effectiveness and impact. With in-flight analysis, retailers can analyze the market response and adjust before the promotion ends.
Making Promotions Smarter, Faster and More Profitable
Revionics® Promotion Optimization enables retailers to identify and execute the most profitable offers by segment, channel and vehicle that maximize the financial impact across categories. To maximize profitably, it incorporates vendor funds, product affinities, promotional uplift and consumer demand to help retailers incentivize shoppers. In addition, on-demand modeling helps to analyze different offer combinations and predicts the effectiveness and outcome.
Social Offer Management
Rewarding Customer Engagement With Special Promotions
Revionics® Social Offer Management enables retailers to engage and motivate their most loyal, influential customers by providing them with specific offers that are then shared in their social network. They become social advocates of the retailer’s brand, and this results in the acquisition of new customers and additional sales.
Markdown Management Short Life Products
Quickly and Profitably Manage Markdowns
Revionics® Markdown Management – Short Life Products enables retailers to quickly and profitably clear their seasonal or fashion merchandise. Through simulation, accurate forecasting, and a streamlined workflow retailers gain the best insights and efficient management of their markdowns.
Markdown Management Long Life Products
Profitably Clear Inventory
Revionics® Markdown Management – Long Life Products enables retailers to quickly create, simulate, & forecast marks and cadence. With a workflow tailored for the category management process, retailers can efficiently manage their markdowns and meet their inventory and profit goals.
Markdown Optimization Short Life Products
Maximize Profits & Achieve Sell-thru Targets
Revionics® Markdown Optimization – Short Life Products enables retailers to be responsive to the current conditions, customers and trends. By incorporating strategies, data, forecasting, and science with an effective, intuitive workflow it minimizes the effect of disruptions, as well as that occasional bad buy, and allows retailers to profitably clear inventory and achieve sell-through goals.
Markdown Optimization Long Life Products
Maximizing Return on Inventory
Revionics® Markdown Optimization – Long Life Products enables retailers to respond to current conditions and achieve their profit and inventory goals. Through science, deep customer analysis, retailer strategies, and a process-driven workflow, retailers maximize their return on inventory and improve their customer relationship.
Macro Space Optimization
Right-Sizing Store Space to Maximize Profit
Revionics® Macro Space Optimization uses strategies, individual store performance, extensive item data and predictive science to create optimized store-specific space allocations. This along with store and category opportunity rankings allows retailers to intelligently allocate their labor budgets, lower their inventory costs and achieve the greatest return on space, fast.
Leveraging actionable data to make profitable and intelligent business decisions is truly a combination of art and science. Revionics® Advanced Analytics Services includes a broad range of services to help retailers get a higher return on investment for Price, Promotion and Markdown. Revionics Advanced Analytics Services helps retailers define a clear strategy against financial goals, accurately forecast demand, measure effectiveness and execute with confidence.
Price Optimization Market Basket Analysis Store Cluster Analysis Key Value Item Analysis