The retail market is characterized by a high volume of revenue with a low profit margin in which a small pricing error may trigger a huge profit loss. The highly competitive nature of the retail market forces organizations to retain flexible information systems capable of supporting frequent changes. ESI's Solution has been specially developed for the Retail market and offers pricing adjustment recommendations based on an organization's defined pricing strategy and subject to other determining factors.
ESI’s Pricing Technology offers a comprehensive pricing management solution that analyses, advises and assists in executing the organization pricing policies, based on a wide variety of factors.
Benefits
- Highly configurable pricing engine.
- Easy integration to legacy system.
- Elimination of pricing errors.
- Greater market agility, faster response to demand volatility and competitive threats.
- Dynamically determined pricing over product lifecycles for yield optimization.
- Gained visibility into the profitability of business lines.
- Enforcement of product pricing guidelines into different market segments.