4 Ways Out Of The Price Management Box
Sometimes figuring out the best pricing strategies in today’s retail marketplace feels like being in a box because inventory must be optimally priced in order to move. There can’t be prices too low since you need to make a profit, and the prices can’t be too high since your customers are comparing prices on their mobile devices constantly. Trying to use the pricing strategies that worked at one time causes a discovery: the old ways of price management can’t compete with today’s challenges, and your business is in a figurative box that is too small. How does ChainDrive Price Management get that box open so you get past the limitations of pricing strategies that are no longer viable?
By investing in high-quality expertly designed software solutions, it is easy to automate price management throughout all your channels and monitor all the details effectively. The flexibility to adjust parameters lets your pricing adapt to real-time events and changes. The four main aspects of the ChainDrive Price Management component work seamlessly with the rest of the Integrated Retail Management Solution to get your business out of the box of past practices and into the marketplace today. These four ways out of the box are:
- Promotional Rules Manager — a conditional logic-based tool controlling all promotions when, where, and how you choose.
- Customizable Campaigns — manage multiple, concurrent, and specific promotional campaigns that show at POS.
- Security Parameters — control pricing, markdowns, markups, promotions, and allowable POS discounts.
- Reporting & Analysis — track, monitor, analyze, and strategize effectively with your own historical and real-time data.
The ChainDrive Integrated Retail Management Solution gets your pricing management out of the box and competing effectively.