Pricing Solution

Pricing Solution is a set of tools that enable our clients to manage the prices of their products effortlessly. This is possible by defining strategies for each category of products and then using algorithms to decide on the prices of each product individually while also being informed about the consequences that the suggested change is predicted to cause.

In order to make sure that the prices of our clients stay competitive in the market, the solution facilitates product relation-management. Clients can easily link their products to competitors’ products. Based on these relations the solution tracks price-developments in the market and automatically receives suggestions to increase or decrease their prices based on our price-processing algorithms.

The end users can easily review price suggestions and will then have the option to accept and export price-changes in order to make it easy to implement the new suggested prices.

Learning objectives.

Pricing Solution is a tool that is used by our clients on a regular basis. So, as a Prime Data Analyst/Engineer, it will be vital for you to understand the importance of the tool and logic behind it.

In this chapter we will be focusing on the basic features of the tool instead of the pipelines, since that would require a lot more documentation and it would take a lot of time from your onboarding process.

However, we will link a workshop that you are encouraged to watch after you have finished your onboarding process, we will also link the same workshop after the documentation of each module, so it’s easier to find some extra information whenever you may need to.