Price Optimization

Revionics offers a comprehensive, strategic pricing solution!

You need Price Optimization Software that won't leave money on the table.

Revionics price optimization software provides retailers a full lifecycle pricing solution, delivering optimized everyday pricing, promotions, and markdowns. This solution calibrates pricing on every item, every week and on-demand, ensuring retailers are not leaving money on the table. The SaaS model is pay-as-you-go, offering an affordable alternative to expensive licensed software!

On-demand scenario planning

Wouldn't you like to be able to remove your risk by testing pricing scenarios prior to implementation?  What-if analysis is available for both pricing and promotion planning. Units, revenue, profit ,and margin impact forecasts are updated on-demand during what-if analysis to provide customers immediate feedback. Furthermore, forecasts are rolled up to the scenario level so that multiple scenarios can be compared to one another in terms of impact. Item-level price optimization delivered by Revionics provides retailers with the most granular control.

How are retailer price recommendations made?

Revionics applies a suite of analysis modules that support a range of pricing strategies combining rules with science. This offers a significant advantage to our customers, as retailers can easily understand the rationale behind a pricing recommendation. For example, it is evident to retailers how competitor prices and margin targets are driving a price change.

The analysis modules are easily configured for the customer's price strategy, adapting to each customer's unique enterprise hierarchy. Included are heuristic rules-based methods such as volume-margin analysis and scientific methods based on price elasticity and demand models that identify opportunities to drive for higher profits and revenue. A complete set of rules is supported, ranging from price-family relationships and competition indexing, to multi-tier private label to national brand rules. Configuration gives customers control of their pricing strategy by weighting the impact of each module on the overall recommendation.