SAS® Revenue Optimization Suite
Retail business capabilities with unparalleled analytics
Pricing has a dramatic effect on a retailer's bottom line. Just a 1 percent increase in product price can raise operating profit by as much as 8 percent to 11 percent. You can get results quickly from retail pricing experts – with low up-front costs – with SAS.
SAS continues to change the game with SAS Markdown Optimization. With this solution (included in SAS Revenue Optimization Suite) retailers can run advanced optimization at 22 times the speed and save 70% in hardware costs.
Competing in retail means offering the right product to the right customer at the right price – even at the right moment. As a result, retailers have to get it right – every time.
Benefits
- Better prices, better results.
- Greater merchant productivity.
- Flexible investment strategies.
- Optimization that scales.
- Lower total cost of ownership.
Features
- Manages prices across the entire product life cycle
- Retail business workflow
- Advanced analytics and forecasting
" I've been thoroughly impressed with the reliability of SAS solutions and SAS people have been great to work with. I would absolutely recommend SAS retail solutions to others with similar business challenges."
—Brad Peterson
IT Director
Northern Tool + Equipment
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SAS brings retail business capabilities with unparalleled analytics to the entire pricing lifecycle.
How SAS® Is Different
Only SAS offers a combination of pricing life cycle components that provide:
- Retail business workflows that incorporate winning retail business practices.
- The best analytical framework and the analytics that drive the best pricing decision and allow for better productivity through automation.
- Optimal prices from initial price through promotions and clearance will drive the best results for an organization.
- A common forecasting infrastructure and analytics foundation, a common data foundation and business rules and data integration, saving IT and maintenance costs, while driving better decisions.
- Flexible deployment models that allow retailers to choose the deployment and investment models that fit their situation.
Benefits
- Better prices, better results.
- Gain visibility into pricing decisions to see the cross-effects and differentiators directly affecting the bottom line.
- Optimize prices for a wide range of products for grocery, apparel and hardlines including fast-moving consumer goods and fashion items.
- Easily handle and understand difficult retail scenarios such as sorted cause and effect, promotions, seasonality and changing calendar events using built-in forecasting.
- Greater merchant productivity.
- Use retailer workflows and an intuitive interface to empower business users.
- Speed pricing decisions with automated plans, reducing or eliminating the need for manual processing.
- Improve communications with shared visibility into the optimization rationale.
- Provide merchants with visibility into category.
- Flexible investment strategies.
- Deploy SAS® Revenue Optimization one of two ways – as a managed service (which can speed results and reduce your initial investment) or as software behind the firewall (which can provide a lower long-term cost of ownership).
- Optimization that scales.
- Use SAS' proven track record with large, medium and small retailers to price at all levels of the product and location hierarchy down to store SKU.
- Lower total cost of ownership.
- Build a common retail foundation that reduces implementation and administration for retailers.
Features
- Manages prices across the entire product life cycle
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- SAS Revenue Optimization enables retailers to manage pricing across the entire product life cycle.
- SAS Regular Price Optimization provides support for managing a regular price strategy and for optimally setting everyday prices on both existing and new products.
- SAS Promotion Optimization provides support for managing the promotion planning process and optimally selecting products and/or prices to fill spots in marketing vehicles.
- SAS Markdown Optimization provides support for managing optimal price and markdown cadence in an end-of-life or clearance cycle.
- Retail business workflow
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- SAS provides solution-specific workflow to support pricing activities at each stage of the product life cycle.
- SAS Regular Price Optimization supports pricing from a category view perspective or in response to market changes and enables a single- or two-step approval process.
- SAS Promotion Optimization provides configurable workflows for creating and publishing marketing calendars, supports user-defined marketing vehicles and versioning, supports a user-configurable approval process with due dates and lock dates, provides views to activity toward completing marketing vehicles and to promotions at a product category level, and supports vendor deal management.
- SAS Markdown Optimization supports user definition of clearance period and cadence, supports optimal approvals based on markdown budget, and enables a single- or multi-step approval process.
- Advanced analytics and forecasting
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- Built-in forecasting for the retail engine drives better results for best-in-class forecasting for retail, which leads to better forecast quality. The forecast includes price, promotion and markdown impact.
- SAS’ analytic platform drives better results using powerful attribute-based demand modeling to drive the best pricing decisions with an automated weekly model refresh, and a clear user interface allows in-house model management versus expensive consulting or subscriptions.
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SAS brings retail business capabilities with unparalleled analytics to the entire pricing lifecycle.
System Requirements
SAS Revenue Optimization can be deployed at your site or is available as a SAS OnDemand Solution. Please contact your SAS account team for details on system requirements.
Ready to learn more?
Call us at 1-800-727-0025 (US and Canada) or request more information.
