Game-Changer: The Power of What-If Simulations in Retail Price Management
You Can Test the Effectiveness of Your Pricing Strategy Before Executing It? YES! If what-if simulations are still an unknown technology to your retail organization’s pricing team, you are in fact at risk of being surpassed by the competition. Otherwise known as what-if scenarios, this ML/AI feature found within top-tier price management solutions can absolutely […]
Successful Promotion Planning in Retail: Facts, Challenges, and Pitfalls
What Is Promotional Pricing and Promotion Planning? A staple of retail business, reduced price promotions of various types help to increase sales of individual products and bundles of items. But, what are the basic considerations that retail Pricing teams (Pricing Managers and Category Managers), Buying teams, and Marketing teams must bear in mind to perform […]
Building In-House vs. Purchasing Specialized Price Management Software
Should your retail business build its own in-house pricing tool, or purchase a specialized price management software from an external vendor? Gain truly valuable insights into what it takes to build a successful in-house tool, while also learning the clear advantages and reduced risk that come with adopting an external price management solution.
5 Pricing Strategy Actions You Can Take When Top Retail Players Come to Town
The news is out: One of the biggest retail players in your industry is about to set up shop in your vicinity. Three primary dangers lie ahead for your business when a well-renowned retail player comes to town. Learn about the three issues you will face and the five concrete actions you can take to keep your soon-to-be top competitor at bay, all while growing your business to further success.
The Omnibus Directive: How it Impacts EU Retail Organizations and Their Pricing Professionals
The EU’s Omnibus Directive offers consumers full disclosure in retail shop prices. But, how does this affect retail professionals and their organizations? Is your retail organization ensuring itself that it is in compliance with these new laws? Read this article to learn about what you need to know as a retail professional about Omnibus Price standards, and how Yieldigo price management software can help you stay in compliance, at all times.
The 6 Price Management Processes that Debunk Mysticism around Price Elasticities
Do You Believe in the “Magic” of Price Elasticities? Price elasticity – advanced ML/AI price management feature that is a potential game-changer for retail businesses? Or, obscure “crystal ball” that doesn’t always work? Price elasticities are indeed infinitely intricate and can be difficult to master. They have earned a well-deserved reputation on the retail market […]
Beyond Data Scraping: Price Management with Yieldigo
Price Management software products like Yieldigo go far beyond data scraping. Essentially, our software allows retail price managers to input the online market research they collected with their data scraping tool(s), into the advanced price management technologies and features of their Yieldigo product. This helps retail business end-users render intelligent, resilient, and accurate pricing strategies, with ease.
Navigating Uncertain Economic Times: The Importance of Price Management Solutions for Retail Businesses
In this article, we will explore how price management solutions can help retailers navigate uncertain economic times with relative ease, and how these solutions and their various features and technologies contribute to positive changes in a company’s pricing strategy, create sustainable business growth, and facilitate market success for retailers of all sizes.
Retail Pricing Heroes with Tomas Jerabek, Former CEO Košík.cz
The retail game is evolving at the speed of light in the digitalization era. Tomas Jerabek, former CEO of one of Czech Republic’s largest and fastest growing online supermarkets, contributes a wealth of knowledge and experience regarding how e-shops and brick-and-mortar coexist in the retail industry today.
Retail Pricing Heroes with Miha Deu, Head of Online Sales at SPAR Slovenija d.o.o.
20 years of e-commerce leadership. Miha Deu established the SPAR Slovenija d.o.o. online grocery shop in 2015, which became the market leader with the largest market share in Slovenia.