Pricing Solution

Upgrade your pricing with the solution trusted by market leaders in online retail

 
 

Pricing Solution

Upgrade your pricing with the solution trusted by market leaders in online retail 

Data Collection & Cleaning

In a first step, we gather internal and external data relevant for your price optimization. From your internal data, we usually use historical transactions and product attribute information.
We combine it with external data sources like weather and holiday information. All data cleaning and aggregation is provided to you as a service without any effort on your end.

Forecasting

The foundation of our price optimizations is our forecasting technology. Our cloud-based software uses advanced machine learning models to identify demand and price elasticity drivers. Based on these drivers, it forecasts profit and revenue for all relevant price points.

Our fashion industry background enables us to cope with seasonal products, frequent assortment changes and low sellers. For example, our machine learning models learn across products to forecast price elasticity. 

Rules & Policy

The foundation of our price optimizations is our forecasting technology. Our cloud-based software uses advanced machine learning models to identify demand and price elasticity drivers. Based on these drivers, it forecasts profit and revenue for all relevant price points.

Our fashion industry background enables us to cope with seasonal products, frequent assortment changes and low sellers. For example, our machine learning models learn across products to forecast price elasticity. 

Target Setting

The foundation of our price optimizations is our forecasting technology. Our cloud-based software uses advanced machine learning models to identify demand and price elasticity drivers. Based on these drivers, it forecasts profit and revenue for all relevant price points.

Our fashion industry background enables us to cope with seasonal products, frequent assortment changes and low sellers. For example, our machine learning models learn across products to forecast price elasticity. 

Data Collection & Cleaning

In a first step, we gather internal and external data relevant for your price optimization. From your internal data, we usually use historical transactions and product attribute information.
We combine it with external data sources like weather and holiday information. All data cleaning and aggregation is provided to you as a service without any effort on your end.

Forecasting

The foundation of our price optimizations is our forecasting technology. Our cloud-based software uses advanced machine learning models to identify demand and price elasticity drivers. Based on these drivers, it forecasts profit and revenue for all relevant price points.

Our fashion industry background enables us to cope with seasonal products, frequent assortment changes and low sellers. For example, our machine learning models learn across products to forecast price elasticity. 

Rules & Policy

Our software allows you to customize the optimization by applying individual price rules. For example, you can create price rules to set maximum discounts. Also, you can choose the granularity you need and create rules on brand, category or even product level.

Target Setting​

In a last step, you simply set the revenue target for your optimization. After that, our optimizer calculates the prices that will maximize your business goals. Within 5 minutes, the optimized prices will be delivered. Price steering has never been more intuitive.

Target Setting

In a last step, you simply set the revenue target for your optimization. After that, our optimizer calculates the prices that will maximize your business goals. Within 5 minutes, the optimized prices will be delivered. Price steering has never been more intuitive.