How Can Software Change Your Pricing?
The tools you utilize for price management need to be able to handle the challenges of multiple channels, individualized marketing strategies, simultaneous promotional campaigns, and assorted regions. That’s a lot of information for the old spreadsheet report system but it isn’t too much for ChainDrive Price Management software to handle.
Consistency Through Integration
Because ChainDrive is designed to use a centralized database, all your information is in one secure location. It can be collected and stored in real time instead of the wait that comes when information is processed manually. Instead of reports that need to be collated and consolidated for scheduled update meetings, you have the ability to monitor and analyze all price change actions in real time if you need to. Price changes can be assigned a status like First Markdown, Second Markdown, etc. so that tracking effectiveness of specific strategies is streamlined.
Integration of your data provides consistency because you have all the analytical detail you require for effective price management. It’s like an interactive map you can zoom in and out of so that you see the biggest picture down to the tiniest detail. When all your data is in one place and integrated with the software to filter it as necessary, you have optimized your information.
Security You Control
It is good to have all your data in one place but it is not good to let just anybody access it. That is why security must be an integral part of your data infrastructure. ChainDrive is designed with a system-wide security manager that puts you in control. All access to allowable POS discounts, promotions, price changes, and more are set by you. You decide who can change a price and you decide what their parameters are.
ChainDrive’s Rules Manager lets you control all promotions and price adjustments, too. The flexible tool is condition and logic based so that you can decide what the rules are and when they apply and more. You have complete control over all management of promotional campaigns and price modifications.
Software can do much more for your price management if that software is ChainDrive. Take a look at a free demo and see how ChainDrive can change your pricing by giving you the retail management solutions you need to succeed.