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The Art, Science & Software Behind (Optimal) Retail Pricing - Part 3
Part 1 of this blog post series expanded on some of TEC’s earlier articles about companies’ need for better pricing management and optimization practices. This

setting optimal retail price  pricing optimization, starting with setting optimal initial (everyday or base) prices. Part 3 of this blog post series will analyze the two other building blocks of pricing optimization: promotions and markdowns. Then, the article will go into the next generation of pricing optimization according to JDA: Lifetime Pricing. Increasing Sales with the Proper Promotional Pricing When used in a smart way, promotions can be powerful tools for increasing customer demand and thus sales and revenue. As is the Read More...
Merchandising Systems
Merchandising systems are the enterprise back and front-office software solutions upon which the majority of retailers rely to manage and support their daily tasks. These systems typically record p...
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Documents related to » setting optimal retail price


Replenishment: What Is It exactly and Why Is It Important?
Replenishment is an area within operations where retailers can find a competitive edge. Excelling at replenishment enables implementation of promotional

setting optimal retail price  components of retail profitability. Setting item service level goals at the appropriate level will maximize company profitability. When service levels are increased, lost sales are minimized while carrying costs are raised. When service level goals are brought down, lost sales increase while carrying costs are reduced. Through careful analysis, a service level goal can be found that drives low inventory carrying costs while reducing lost sales. Accurately setting service level goals can result in a 10% Read More...
Quantum Retail: Challenging the
Part 1 of this blog series analyzed typical issues that retailers face in their cutthroat competitive environment and concluded that traditionally available

setting optimal retail price  ranging. Range planning, from setting the concept, purpose and direction through to selecting the products and finalizing the price, distribution, and sales forecast, is an iterative process. That process typically involves buying and merchandising folks working hand in hand, often with somewhat opposing objectives. Q automates store clustering for effective management of ranging process and automatically determines the optimal depth for the plan. Users can review and manage through a variety of Read More...
The Art, Science & Software Behind (Optimal) Retail Pricing - Part 5
Part 1 of this series expanded on some of TEC’s earlier articles about companies’ need for better pricing management and optimization practices. This series

setting optimal retail price  pricing optimization, starting with setting optimal initial (everyday) prices . Part 3  analyzed the other two building blocks of pricing optimization: promotions and markdowns . Then, the post went into the next generation of pricing optimization according to JDA: Lifecycle Pricing . Part 4  continued the series by analyzing the pricing optimization vendor landscape, and featured the next-generation pricing optimization approaches of two  on-demand software  specialists, Revionics and DemandTec . Read More...
An Update on Zilliant (and the B2B Pricing Market, in General)
In this good, bad, and arguably recovering economy, many companies are looking to their pricing strategies and practices as a way to improve profits without

setting optimal retail price  available technologies Fear of upsetting customers (for appearing unethical) Lack of managerial support (sponsorship) and a pricing champion (e.g., chief price officer [CPO] or chief financial officer [CFO]) No clear business value Lack of useful qualitative and quantitative pricing data In a nutshell, most companies in the manufacturing and distribution industries have yet to develop or systematically implement pricing technology solutions that can best meet their business goals and generate optimal Read More...
Multichannel Retail


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A.C. Moore Selects and Quickly Implements Epicor Retail CRM
In anticipation of the upcoming NRF 2013 event, Epicor has announced that specialty retailer A.C. Moore has selected and implemented Epicor Retail Customer

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Case Study: Retail Industry BI Deployment
A Japan-based department store chain was experiencing fast growth, opening new stores in commercial complexes at prime locations. The company’s existing

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Emerging SAP Retail Solution: SAP Ganges, Powered by HANA
Many people may not know that 40 percent of the word's retailers are located in India—about 9.8 million retailers, many of them small one-person businesses

setting optimal retail price  SAP, retail, HANA, ERP, supply-chain, scm, India, business-network, POS, CPG, point-of-sale, SAP Ganges Read More...
What’s the Missing Link in Price Optimization Strategy for Retailers?
For many retailers, price optimization is not being implemented appropriately because of the lack of communication between the supply and demand cycles. As a

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What's Your Global Market Price?
Thoughts on global trade, outsourcing, and your pay--how we can stop the downward pressure on wages and salaries.

setting optimal retail price  b2b supply chain,business supply chain,chain execution,closed loop supply chain,define supply chain management,definition of supply chain management,demand driven supply chain,demand management supply chain,demand planning,demand supply chain,effective supply chain management,efficient supply chain,erp supply chain,financial supply chain,global supply chain Read More...
Retail Systems Research
Retail Systems Research (RSR) provides advisory services, research, and industry news. RSR publishes Retail Paradox Weekly, a retail news analysis newsletter.

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Bold Retail Industry Predictions for 2014 by Revel Systems
Revel Systems, an innovative provider of iPad-based point-of-sale (POS) solutions, recently announced predictions that will shape the retail and technology

setting optimal retail price  retail solutions, POS solution, point-of-sale, Revel Systems, CRM Read More...
Vendor Profile: PTC's Offering for Retail, Footwear, and Apparel
This IDC Vendor Profile focuses on PTC’s FlexPLM product for the retail, footwear, and apparel (RFA) industry—a product that leverages the product lifecycle

setting optimal retail price  PTC,footwear,retailers,retail sales,sales retail,retailer,retail stores,retail store,retailing,plm,rfa,retail business,fashion retail,retail clothing,retail industry Read More...
NetSuite Acquires Retail Anywhere’s Cloud POS
Just before the NRF BIG Retail Show 2013, NetSuite announced that it had acquired Retail Anywhere, a provider of multichannel retail management solutions. The

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