Consumer-Centric Pricing - Delivered by Revionics
Consumer-centric pricing is a must in today's economy. Retail prices should be optimized and modeled at a frequency that keeps pace with the market. Revionics not only models every item in every store at least each week, but offers on-demand scenario modeling using the best forecasting science in the industry.
Consumer-centric pricing requires a retailer to understand how consumers are behaving by store (or location for online retailers), and how they shop by item. Revionics is the only optimization provider analyzing such detail at the frequency needed to predict consumer behavior with precision.
Our comprehensive, strategic pricing solution:
- Evaluates costs, competition, assortment, pricing rules, and strategy
- Includes consumer demand data intelligence from POS, calculating price elasticity
- Uses retail pricing science to analyze assorted data
- Generates weekly optimal base, promotion, and markdown prices
- Models and forecasts scenarios for strategic planning purposes
- Easily integrates with existing systems
Revionics Advanced Pricing Solution (RAPS) Components include:
Advanced Pricing Technology:
Implementation, Support, and Strategy Services Included:
- Price Strategy Consultation
- On-Boarding Assistance
- Weekly Data Review and QA
- Competitor Response Analysis
- Regular Business Reviews
- And more!
Price Strategy Consulting Engagements
Retailers can leverage Revionics' deep retail domain expertise and leading optimization technology to assist in the definition of a new and improved price strategy methodology. Retailers benefit from Revionics' hands-on experience with our large customer base, not to mention the benefit of leveraging Revionics' extensive tool kit of optimization analysis. Revionics offers retailers the unique combination of retail price-strategy expertise in tandem with industry-leading price optimization technology! To learn more, click here!