Talk to an Expert

    Auto Pricing & Rules Engine Upgrade

    RE 2.0 logo

    12th December 2016 | 2 min read

    Retail Express is pleased to announce the extension of its PREDICTIVE PRICE MANAGEMENT SOLUTION with a series of enhancements to provide auto pricing with ‘multi level’ rules to complement the existing rule and constraints processing; this allows the Rules to be conditional based on circumstances at the time with a user defined priority sequence with multiple constraints possible at each level. To accommodate this more sophisticated rules processing the Engine User Interface has been rewritten to accommodate these new capabilities with an improved User Interface along with additional features and improved processing for Shields that now become Differentials and extends to SIZE COMPARISONS, BRAND COMPARISONS AND COMPETITOR COMPARISONS for more alternative pricing options but easier to use and manage.

    The Predictive Analytics has also been enhanced to support these new capabilities and additional simulations are now available showing the predicted impact , the outcome of any ‘rule and constraint’ changes before the user commits them into production providing a full ‘what if’ capability; this is in addition to the standard ‘impact analysis’ provided with each actual price change made automatically by the rules engine or manually by the user and the wider impact analysis shown in the extensive Category Worksheets and the Margin Management Reports which takes the item level predictions for all items up to the Format level.

    The new Pricing functionality is being made available in the Retail Express RE 2.0 Release 4.4.0 and can be licensed with the Pricing Management Solution or the full Intelligent Merchandising family.

    The solution can be provided in a hosted, Cloud or On-premises implementation and is available today.

    More from Front page set

    • Intelligent merchandising – the key to successful supplier collaboration in 2023

      AI (Artificial Intelligence) | Opinion Piece

      Intelligent merchandising – the key to successful supplier collaboration in 2023

      21st November 2022 | 2 min read By Edward Betts, European General Manager, Retail Express The deepening cost-of-living crisis with soaring inflation rates and energy bills, and as a result, a more cautious customer, has put significant pressure on the retail industry. Retailers are now having to work harder and think smarter to create stand-out promotions through closer collaboration with suppliers. This relationship is a fundamental part …

      Learn more
    • Retail Express listed as a Sample Vendor in the Gartner Market Guide for Retail Assortment Optimisation Applications in Merchandising – June 2022

      Merchandising | Press Release

      Retail Express listed as a Sample Vendor in the Gartner Market Guide for Retail Assortment Optimisation Applications in Merchandising – June 2022

      3rd June 2022 | 1 min read Retail Express was recognised among a shortlist of vendors in the 2022 report. June 2022 – Retail Express, a leading provider of merchandising solutions, today announced that it has been identified as a Sample Vendor in the Gartner Market Guide for Retail Assortment Optimisation Applications in Merchandising – June 2022. “Our sole focus for seven years has been on working closely …

      Learn more
    • Retail Express announces expansion and recruitment drive to support growth

      News | In the news

      Retail Express announces expansion and recruitment drive to support growth

      20th March 2022 | 2 min read Retail Express has moved to a new larger HQ in the thriving tech hub of Leeds, UK, to help the business deliver its next chapter of growth. The new office announcement comes at the same time as it launches a major upgrade to its intelligent merchandising software, RE 2.0, following a two-year investment cycle in product development to introduce significant …

      Learn more
    • Superemme Group renews agreement

      Category Management | Press Release

      Superemme Group renews agreement

      6th November 2014 | 1 min read Leeds UK – Retail Express Superemme Group has renewed the Pricing, Promotions and Advertising Software agreement to continue to support its Hypermarket, Supermarket and Discount Food store businesses. The Retail Express software is deployed in a SaaS mode to support the core merchandising processes including Price and Promotions. Superemme use of RE2.0 software had led to greater forecast accuracy and …

      Learn more

    Download Whitepaper