Key Components of Pricing Optimization Software
Historical Sales Data:
Leverage past trends to guide future pricing strategies.
On- and Off-Invoice Deductions:
Account for discounts and rebates to refine pricing.
Incentive Programs:
Analyze cost-benefit of incentives to boost revenue and profitability.
Price Management:
Align prices with business goals, market conditions, and customer expectations.
Cost Analysis:
Set profitable prices with detailed cost insights.
Competitor Pricing:
Stay competitive by continuously monitoring and responding to market changes.
Margin Ratios:
Balance competitive pricing with profitability for sustainable growth.
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