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Description
With the rise of competition in the marketplace, retailers are grappling with the challenge of maintaining healthy profit margins amidst relentless downward pressure on prices. To thrive and steer clear of the detrimental race to the bottom, it is essential for retailers to enhance customer perceptions of pricing and the effectiveness of their promotions, all without drastically cutting prices. Dunnhumby conducts a thorough analysis of current strategies to pinpoint the most effective tactics for achieving success in this competitive landscape. This enables businesses to fine-tune pricing strategies that not only increase margins and profits but also enhance the performance of promotions while improving how customers perceive value. Navigating shifting customer pricing expectations is already a complicated endeavor, and when coupled with the necessity to meet commercial objectives, it becomes a daunting task. Dunnhumby Price empowers retailers with tools to strategically adjust prices and predict future outcomes effectively. By leveraging Customer Data Science, it suggests ideal base prices, thereby fostering customer trust, enhancing perceived value, and driving significant business results. Ultimately, this approach allows retailers to align their pricing strategies with customer expectations, paving the way for sustainable growth and success.
Description
Frequently, data concerning Products, Customers, Assets, Materials, and Suppliers remains trapped in isolated silos throughout a company, resulting in an incomplete and often inaccurate understanding of the overall situation. By leveraging pVelocity to integrate these essential elements, you gain the ability to not only analyze past events but also to quantify and foresee potential outcomes based on varying conditions. Collect insights from both production and financial systems to enhance profit visibility, tailored to your specific operational roles. Implement thorough profitability assessments to support well-informed decisions regarding product and customer combinations. With immediate access to simulation tools, you can model processing expenses and evaluate their impact on margins and overall profits. Furthermore, you can swiftly pinpoint crucial workflows to facilitate the rapid adoption of necessary changes aimed at enhancing profitability for both customers and products, ensuring a more cohesive and strategic approach to operational management.
API Access
Has API
API Access
Has API
Integrations
Commanders Act
FuseCommander
TrustCommander
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
dunnhumby
Founded
1989
Country
United Kingdom
Website
www.dunnhumby.com/retailers/price-promotions/
Vendor Details
Company Name
pVelocity
Founded
2004
Country
Canada
Website
www.pvelocity.com
Product Features
Pricing Optimization
Channel Analysis
Competing Product Analysis
Forecasting
Market Analysis
Multi-Store Management
Price List Management
Price Optimization Automation
Pricing Analytics
Profitability Analysis
Scenario Planning
Product Features
Pricing Optimization
Channel Analysis
Competing Product Analysis
Forecasting
Market Analysis
Multi-Store Management
Price List Management
Price Optimization Automation
Pricing Analytics
Profitability Analysis
Scenario Planning