How To Manage Retail Pricing Effectively
The prices you charge for the merchandise you sell make a difference in how your brand is perceived. Do you reliably have the “best” deals or do you choose to run regular promotions that your customers watch for? Whatever your strategy is, managing retail pricing effectively requires the ability to control who can change your prices, seeing what is happening in real time, being able to manage multiple campaigns simultaneously, and a rules manager that helps you make sense of it all. ChainDrive Retail Price Management software gives you the tools to do it all.
Control Who Can Change Your Prices
It’s important to have secure pricing systems in place so that a dishonest employee, for example, cannot give discounts to friends. ChainDrive has a system-wide security manager that gives retailers full control over who can change prices, which POS discounts are allowed and more. You can decide who can change your prices because you are in control of the security rules.
See What Is Actually Happening In Real Time
If you can’t get reports on what happens when pricing is adjusted, how can you analyze it? If the reports you do get are only provided every month or every quarter, what kind of response time do you have when changes are necessary? ChainDrive provides a wide range of analytical and reporting tools to give you the ability to compare historical data to real-time data and respond immediately if that is necessary.
Manage All Campaigns At The Same Time
If you have to run multiple, concurrent promotional campaigns it can be tricky unless you have the right software. ChainDrive gives you the tools to set prices according to the parameters you set, from geographical zones to web stores to specific promotions you offer loyal customers.
Use A Logical Rules Manager
Promotional rules need to be based on conditional logic so they are flexible enough to adapt to the wide variety of promotions you could be running at the same time. ChainDrive’s intuitive promotional rules manager includes beginning and end dates, styles, classifications, and whatever else you might need.
There are many ways you can strategize your price management but the software you use is how your strategies will be accomplished. ChainDrive Retail Price Management software equips you to run your pricing your way and do it effectively.