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 integrated retail management software suite that accomplishes these 5 goals in price management:
- Enterprise-wide price transparency — because all data is automatically collected and stored securely in a centralized database, pricing variables are visible to authorized users.
- Price monitoring and analysis — analyze the effectiveness of price change decisions over time because all price changes are tracked and stored in the centralized database. Status can be assigned, as in progressive markdowns, and historical data compared to real-time information.
- System-wide security — retailers have full control over who can make pricing decisions and who can apply them. All access to pricing, price changes, promotions, and discounts can be restricted to appropriate personnel.
- Real-time performance metrics — having pricing and other information in one centralized database and collected in real time means performance can be assessed in real time and compared to previous performance.
- Control & track campaigns — set different prices by geographical or pre-determined zones (including web stores) and integrate CRM for customer-specific promotions. Multiple, concurrent promotional campaigns are no problem because they are automatically applied at the point of sale.
See What ChainDrive Integration Can Do For You
There is a free, online demo for ChainDrive’s Integrated Retail Management Solution that shows how price management, point-of-sale (including mobile POS), clienteling & customer relationship management, web marketplace integration & order fulfillment, operations management, product management, budgeting, analytics, and more can all be streamlined and integrated to be a comprehensive software solution for any size of retail operation.
Just as ChainDrive’s Price Management software component integrates and optimizes the functionality of price management, the entire suite integrates and optimizes all the processes of a retail operation across every channel and from one end to the other.
This professional retail management solution has been designed by experienced retailers to meet the needs of all types of retailers with flexibility and competence. Customizing the application for individual operations is not difficult. Adapting to future growth as the retail enterprise expands is anticipated and planned for. When retail price management and all the rest of a retailer’s challenges are optimized, that retailer is successful.