Latest Software Fine-tunes Right-Pricing to Help Retailers Maximize Their Profit Margin
FREMONT, CA: ‘Stores are local, competitors are regional, and brands are national, while omnichannel shoppers are all three’ says Alexander Rink, CEO of 360pi, a company that provides price intelligence for products for omnichannel retailers. To counter the challenge of calibrating the right prices for commodities for increased margins and revenues, 360pi has partnered with JDA Software which specializes in end-to-end, integrated retail and supply chain planning and execution solutions, to provide regionalized right-pricing to omnichannel retailers.
The partnership between these two companies will see coming together of zone-based pricing intelligence of 360pi and rule-based Strategic Pricing solution from JDA Software. The Strategic Pricing software converts 360pi’s competitive pricing intelligence into internal pricing rules. Retailers can avail these rules to right-price their assortment that enables them to effectively navigate retail pricing in competitive markets.
Dan Groneck, the VP of Product Management at JDA Software says that their partnership with 360pi delivers increased margins, sales, brand value, and customer satisfaction for our mutual customers.