Tagged: price management

Successful Price Management Requires Data

ChainDrive’s Price Management component is an essential part of the integrated retail management solution for today’s omnichannel retailer. Why? Because when multiple channels are part of a retail business, pricing gets complicated. Price management...

Infographic – 5 Ways ChainDrive Software Optimizes Price Management

price management and retail profits

5 Ways ChainDrive Software Optimizes Price Management

Price management is essential for retail success. The software tools that make price management effective have to be professional, fully-supported, and reasonably simple to use. ChainDrive’s Price Management component is part of a completely...

price management and retail profits

Why Price Management Needs To Be Integrated

The value of a completely integrated retail management system cannot be overstated in today’s multi-channel retail environment. Price Management is one area that perfectly illustrates the need for the consistency, transparency, and efficiency that...

price management and retail profits

Find The Balance In Price Management

There is definitely a balancing act happening in Price Management because a good price point is narrow. It’s tricky to consistently keep pricing on-point across the growing channels of an enterprise. On the one...

price management and retail profits

Avoid Inefficient Price Management

When price management isn’t done right, there will be a domino effect. The wrong choices in price affect customers who then go somewhere else to find the product. Often those customers will give poor...

price management and retail profits

What Impact Do Prices Have On Profits?

E-book distributor Smashwords has done some studies on e-book pricing, and what they’ve found is that $2.99 is one of the best price points for e-books in any genre, hence the reason that is...

ecommerce solution e-commerce

5 Principles of eCommerce for Brick-and-Mortar Retailers

If you are a traditional retailer with several brick-and-mortar stores in your chain and you’re ready to go full steam into eCommerce, you might have some questions. One of those questions may be, “What’s...

product and inventory management

How Intertwined are Products and Prices?

Many retail organizations have an intimate link between product and price. One particular product has a price range and the product never goes below the minimum or above maximum. Other retailers are more fluid...

product management

4 Essential Components of Product Management

Every retail store and chain, regardless of sector or the products you carry, has to manage inventory effectively. Without control over your inventory, you have no way of knowing whether your products are gaining...