Audience
Omni-channel retailers and suppliers seeking a solution to manage their business operations
About DemandTec
Taking AI pricing to new heights by enabling retailers and CPG partners to deliver optimal pricing, promotions, and markdowns to thrive in today’s hyper-competitive retail landscape. COVID-19 is rewriting the rules of retail, demanding a completely new approach to traditional planning, pricing, and promotions. Learn how to profitably serve tomorrow's shoppers in this special report. Unified and connected data sources, commerce systems, and teams. Streamlined and integrated supplier collaboration with consumer analytics and insights. The most advanced and open data science to integrate with and/or power other analytical systems. Ability to holistically understand shopper demand across pricing, promotions, and markdowns. Highly accurate forecasting powered by AI, data science, and predictive and prescriptive analytics.
Pricing
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Company Information
Acoustic
Founded: 2019
United States
www.demandtec.com
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Revionics
Proven AI solutions to power a unified pricing strategy. See behind the science with visibility into the AI logic for clear pricing recommendations you can learn from and trust. Get answers to the ‘what ifs’ with scenario simulations and forecasting, plus measure value generated and impact of pricing actions. Leverage flexible pricing tools with real-time competitive and shopper insights to respond faster to changes and opportunities in the market. Data-driven recommendations using our science and your expertise to find the right prices, drive a powerful pricing strategy and deliver the results you want. Evaluate current promotions to determine winners, eliminate under-performers and identify new opportunities. Forecast outcomes and tailor your strategy to the most efficient promotions for supporting specific goals and targets.
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Competera
Competera enables retailers to increase customer trust by setting and maintaining optimal price positions on a real-time basis by leveraging the power of AI. Our deep machine learning algorithms enable our enterprise clients’ to rebound on average 6% of gross margin by continuously calculating and re-quantifying billions of possible price combinations.
Depending on a retailer's needs at each stage of the pricing journey, Competera offers three major products that can be either combined or used separately. These products include Competitive Data providing real-time market data, Pricing Automation reducing time spent on repricing from 60 to 4 hours weekly, and Price Optimization generating 8% revenue uplift on average along with 6% margin growth. The cost of the platform depends on the number of SKUs under management, deployment scale, and product setup.
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Pricing Lifecycle
Leading-edge proved solution for the implementation of Pricing, Promotions, and Markdown optimization strategies. Forget parameters, think strategically. Stock Optimisation takes a new approach to replenishment and allocations, based on a best-of-breed regular and promotional forecast. Most retailers use very simple pricing rules based on fixed gross margins. Until trading begins and sales come through, a retailer can never tell if the initial price they have is right. Pricing Lifecycle helps you retain brand integrity and margin protection without destroying price perception. Merge data, pricing strategies and optimization tactics to get to the right price, in every channel, every day; Allows for simulation measuring the impacts on sales, margin, and price image of all your decisions prior to execution. Improves revenue and gross margin from 2-6%.
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XPLN Suite
XPLN is one of the leading solutions for collecting current market data, e-commerce price optimization and comprehensive services in the field of Digital Shelf Analytics. A strong focus on technology, innovation and proximity to the customer enable us to deliver higher quality data to our customers and help them grow their business through valuable insights and confident decisions about offers and positioning. Many well-known retailers and brands trust in us.
XPLN automatically collects market prices from online channels about your own and competitors' offers. Brands and retailers can track online ratings, stock levels, prices, marketplace ranking, and other metrics on a centralized platform. Clients can also define product repricing strategies based on configured rules, utilize the price monitoring engine to determine required changes, and manually or automatically adjust prices in the database. Further protect your brand through MAP monitoring and detecting unauthorized sellers.
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Product Details
Platforms Supported
SaaS
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Live Online
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24/7 Live Support
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DemandTec Frequently Asked Questions
DemandTec 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