Optimize retail pricing strategies with in-depth, real-time insights into price elasticity, product affinity, promotion lift and seasonal trends for every item in every store and channel.
Set better prices, get better results.
Gain visibility into pricing decisions to see the cross-effects and differentiators directly affecting your bottom line. Optimize prices for a wide range of products, including fast-moving consumer goods and fashion items. Use built-in forecasting to easily handle and understand difficult retail scenarios, such as sorted cause and effect, promotions, seasonality and changing calendar events.
Boost merchant productivity.
Empower business users with retailer workflows and an intuitive interface. Speed pricing decisions with automated plans that reduce or even eliminate the need for manual processing. Improve communications with shared visibility into your optimization rationale. And provide merchants with visibility into category performance.
Lower your TCO with flexible investment options and optimization that scales.
SAS has a proven track record with retailers of all sizes – large, medium and small. Our retail experts can help you price at all levels of your product and location hierarchy, all the way down to individual store SKUs. A common retail foundation reduces your implementation and administration headaches. And with flexible cloud deployment options, including SAS Managed Application Services, you can reduce your initial investment and speed up implementation.
Increase sales and gross margins with a proactive approach to optimizing price, promotion and markdown strategies.
Price optimization for both in-season & clearance cycles
- Sell-through seasonal product on schedule to maximize financial performance.
- Provide solution-generated optimal price recommendations to achieve business goals and adhere to corporate pricing policies.
- Boost productivity with automated plan creation and execution using default pricing rules, promotion settings and product life cycle dates.
- Optimize promotions based on consumer demand down to the store/SKU level to create the most effective and compelling offers for your customers.
- Leverage product price sensitivity estimates to maintain price image and achieve corporate goals for sales and margin.
- Improve forecasting of complex events by accounting for seasonality, shifting holiday dates and promotional activity.
Life cycle price optimization
- Develop and implement optimized clearance strategies for all markdown types to reach target sell-through and margin goals.