The Pricimetrics landing page provides a high level current view of the business, such as profitability, unit sales, and revenue. Users can quickly view percentage changes and their direction. Also on the overview are Pricimetrics recommendations which summarize changes in a list of the largest impact and most quickly implementable profit opportunities.
Go into as much or as little detail about any given product as you’d like. See how a product is doing and how its been doing historically. Define price ladders and relationships between products; which is good, better and best? Does your strategy require a product to be a loss leader? This is where you give Pricimetrics its marching orders.
Pricimetrics is not just a big dumb tool. It’s designed to think like a human pricer, but one that operates at the speed of software. And the Focus tab is where Pricimetrics begins its conversation with you. Here, Pricimetrics provides more detail on the pricing changes it wants you to make. But this is also where Pricimetrics questions the instructions you provided. Perhaps you should consider relaxing your constraints on the markup for a given product, or maybe you aren’t carrying enough inventory for a category. Expect Pricimetrics to point that out and ask you about it.
Here’s where Pricimetrics takes initiative. Are there relationships between products that can be exploited? For example, maybe you sell more hotdogs when you reduce the price of hot dog buns. Or maybe it only works if there’s a sale on ketchup too. Perhaps you have a loss-leader that isn't really driving any business. Pricimetrics will go through your product line-up and determine whether products should be discontinued. Discover is also place where you can use our Pricimetrics Protocol to try recommended price movement on products that have not experienced many historical price changes. Pricimetrics has insatiable curiosity, and will make suggestions based on what it learns.