Retail Express's price management software provides a wide range of pricing functionality, from everyday pricing, strategic pricing rules, automated pricing engine and full price and promotion optimization with automated rules constraint management. Retailers operate at different levels of sophistication appropriate to their business and culture; the Retail Express Pricing Life Cycle software supports our customer's seamless progression path as they grow in sophistication and begin to include other factors when considering pricing strategies.
Price management must properly represent the brand positioning on price in every store, it must meet specific shopper basket expectations, it must be price positioned with key competitors for head to head performance; it must be balanced with promotional, marketing and loyalty programs; it must meet category sales/volume and profit performance goals; it must meet demographic and customer segmentation goals.
Retail Express provides a "Pricing Workbench" to view, investigate, analyse and take action within the retailers pricing and promotion eco system. The "Pricing Workbench" works with and supports "Automatic Rules Based Pricing", "Price Optimization" and Forecasting platform and provides the infrastructure for a complete price and promotion management solution.
The "Pricing Workbench" allows the user to change retail prices at any level in the store hierarchy whilst viewing cost and competitor prices, margins, category budget and actual, performance dashboards, alert and notification infrastructure, competitor tracking and data collection, brand matching and supplier, item, brand search facilities.
Retail Express can give the retailer the certainty of price management control and execution with forecasts of outcomes that allow a full category P&L before the pricing package is finalized and allows tuning and validation before release to POS.
Enables you to optimize the overall profit, margin or contribution of a portfolio of products whilst maintaining price position.
The use of a structured rule s to create and maintain price positioning and differentials through which the rules engine implements product and category strategies and constraints.
