Pricing Analytics
Our pricing analytics software product provides dynamic visibility into pricing performance across the different segments of a business. These scientific analytics help companies understand the pocket margin and its components and locate detrimental pricing trends and underperforming segments of the business. Collectively, these analytics help our customers understand the relationship between price, volume and profit and provide visibility and insight into pricing data.
Our pricing analytics software product helps companies gain insight into their pricing performance, allowing them to take action to correct poor performance and take advantage of time-sensitive opportunities. Our pricing analytics software product enables our customers to:
- Determine pocket price and pocket margins by discrete elements, such as customer, product, channel, plant, sales territory and country;
- Understand how various price and cost elements contribute to the pocket margin;
- Understand detrimental pricing trends;
- Understand the components of margin variance, including price, cost, volume, product mix and exchange rate effects;
- Understand differences in segment purchasing behavior;
- Proactively monitor pricing performance and market conditions; and
- Determine how individual customers contribute to overall revenue and profitability.
