Price Optimization Software Overview

How Revionics Life Cycle Price Optimization Works

Revionics follows a proprietary methodology to making price recommendations for base pricing, promotion, and markdown pricing.  Our second generation price optimization solutions blends advanced retail pricing science with practical business rules, achieving a perfect blend of art and science.

The analysis engine is always listening to your consumer, interpreting their behavior based on their purchases by price point. The process followed can be summarized by the 6 points below:

1. Ongoing data input from the retailer is entered
2. Retail pricing strategy and business rule are configured
3. Configuration is provided to the analysis engine
4. Retail pricing science is applied to goals & strategy
5. The interface provides internet access to all pricing analysis/activity
6. Once accepted, prices are exported to existing back-office/headquarter systems.

• Product Catalog • Sales History • Sales & Movement • Current / New Costs • Current / New Deals • Company / Store • Competitor Data • Weather • Inventory • Assortment • Space

• Goals / Objectives • Price Strategy • Pricing Rules • Constraints

• Demand Analysis • Elasticity Analysis • Brand Analysis • Margin Analysis • Volume Analysis • Competitor Analysis • Good-Better-Best • Relational Pricing • Ending Numbers • Market Basket • Markdown Analysis • Promotion Analysis

• Base Pricing • Promotion • Markdown • Forecast • Insight

• HQ Systems • Back Office Systems • POS Systems • Tag / Sign Systems • Other Systems

• Revionics Integrated Forecast evaluates all items, at each store, automatically.  Most retailers select weekly processing to determine pricing opportunities.  Our approach is to use a single forecast across all software modules to provide a more accurate, consistent version of consumer demand.
• The process is consistent across retail industries, including products such as perishable or fresh items, building materials, apparel, and more.