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Software Functionality Revealed in Detail
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 price optimization

Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Configure Price Quote (CPQ) Software Evaluation Report

This comprehensive Configure Price Quote (CPQ) Software Evaluation Report covers the full range of CPQ functionality. If your business is facing increasingly complex product configurations, CPQ solutions can do more than create accurate and professional sales quotes: they can open the door to significantly increased sales and revenues.  

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Documents related to » price optimization

Unlock Hidden Profits Using Effective Pricing Strategies: Active Price Management and Price Optimization


This paper explores the following best practices for leverage price management and optimization: Fine-tune prices for all products and services. Analyze historical and live transaction-level data. Develop and implement effective cost-to-serve strategies. Establish well-defined customer segments. Empower your sales force with rich customer information and enforce negotiation policies.

price optimization  Active Price Management and Price Optimization This paper explores the following best practices for leverage price management and optimization: Fine-tune prices for all products and services. Analyze historical and live transaction-level data. Develop and implement effective cost-to-serve strategies. Establish well-defined customer segments. Empower your sales force with rich customer information and enforce negotiation policies. Read More

Revionics Making Retail Merchandizing Optimization Social


In November 2012, Revionics, Inc., a cloud-based provider of merchandise optimization solutions, acquired SkuLoop, a provider of social commerce-driven promotions for retailers and consumer brands, from GIIV, Inc. Revionics’ solutions use predictive analytics and demand-based science to help retailers obtain the best results across all touchpoints in the multi-channel shopping realm—online, in

price optimization  social activities and adjust price to increase deal likelihood or optimize margins. Leveraging social and loyalty data, shopper social actions can be incentivized, rewarded, extended, and monetized through the following process flow: Recognize the most social, vocal, loyal, and profitable customers Engage customers at their preferred touchpoint and stimulate a social action Reward customers’ advocacy with optimized insider events specifically designed to appeal to each advocate’s key driver Amplify Read More

Provider of B2B Price Management and Optimization Speaks Out


In addition to growing at a breakneck pace for the last few years, Vendavo has recently rounded out its suite for price and margin management. The market should take notice, while the competition should indeed watch out.

price optimization  Covers the Bases of Price Optimization and Management ), have prompted a great deal of interest and feedback from readers. The articles have also prompted Vendavo ( www.vendavo.com ), another prominent, privately held provider of price management and optimization software to B2B companies worldwide, to have an update briefing with TEC. This briefing was done for two reasons. First, the vendor concurs that the market for such applications has been flourishing lately, as price management is receiving Read More

How One Provider's Solution Covers the Bases of Price Optimization and Management


What are the solutions that enable Zilliant's customers to gain a better understanding of their markets' price response and translate this into more profitable pricing? Zilliant Precision Pricing Suite encompasses distinct solutions geared for each step of the pricing process.

price optimization  Covers the Bases of Price Optimization and Management Zilliant, a data-driven price management software provider, has developed a pricing suite for enterprises based on the vendor''s proprietary, science-based Precision Price Segmentation TM and Dynamic Data Aggregation TM ( DDA ). To learn more about Zilliant and its offerings, please see What if Companies Could Use Science to Align Prices to Market and Maximize Margins? and How One Vendor Parlays Price Variation into Profit Improvement Opportunities . Read More

Pricing and Revenue Optimization: A Manufacturing Perspective


Pricing and revenue optimization is the process of improving business margins by either increasing unit prices or increasing gross revenues. This type of optimization is fast being recognized as having the capability to help businesses grow margins significantly. In fact, studies have shown that it can add a 15 to 50 percent incremental margin to the bottom line.

price optimization  to determine the best price to charge customers. CURRENT STATE: PROFIT MANAGEMENT BY PRICING AND REVENUE OPTIMIZATION The term profit has its origins in the Latin word profectus, which means advancement or improvement. There are only two ways companies can achieve profectus: (1) Raise the top line by managing prices to increase sales, or (2) lower the expense line by reducing costs. Raising the top line and increasing profits by managing prices is a challenge. Price, without a doubt, is the single most Read More

Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment


Small and medium businesses (SMB) need to address inventory challenges by using a tightly integrated approach that reflects the dynamics of the extended supply chain. Data must also be available to other application modules within the enterprise resource planning (ERP) system. An inventory optimization solution allows companies to effectively fulfill demand and identify how to gain additional profits from their inventories.

price optimization  used to set premium prices that are higher than what could previously be obtained. An example would be the benefi ts from differentiated service levels that prioritize the most profi table products and customers. Strategic Benefits In the big picture, adoption of inventory optimization solutions is a strategic decision aimed at improving the company''s core-competency and should, therefore, be coupled with well-timed Strategic Growth Initiatives. Strategic application of effective inventory management Read More

Using Supply Chain Design and Optimization to Reduce Inventory


Historically, companies have invested in tactical and operational supply chain technology solutions. These solutions helped model and operate existing supply chains, without addressing overall supply chain design and strategy. Companies are increasingly turning to strategic solutions such as supply chain design and optimization (SCDO) to help satisfy customer demand while balancing limitations on supply and the need for operational efficiency.

price optimization  Supply Chain Design and Optimization to Reduce Inventory Historically, companies have invested in tactical and operational supply chain technology solutions. These solutions helped model and operate existing supply chains, without addressing overall supply chain design and strategy. Companies are increasingly turning to strategic solutions such as supply chain design and optimization (SCDO) to help satisfy customer demand while balancing limitations on supply and the need for operational efficiency. Read More

Pricing for Profit in the Hotel Industry: Empowering Pricing Managers for Greater Bottom-line Impact with Improved Market Price Intelligence


Competitive pricing, and its impact on revenue, is a mainstay of marketing in the highly-competitive hotel industry. The real-time nature of the Internet means that sales, pricing, and revenue managers must abandon inward-looking cost-plus pricing models in favor of more rigorous outward-focused knowledge-based strategies. A system that provides market intelligence data creates important advantages for pricing managers.

price optimization  Impact with Improved Market Price Intelligence Competitive pricing, and its impact on revenue, is a mainstay of marketing in the highly-competitive hotel industry. The real-time nature of the Internet means that sales, pricing, and revenue managers must abandon inward-looking cost-plus pricing models in favor of more rigorous outward-focused knowledge-based strategies. A system that provides market intelligence data creates important advantages for pricing managers. Read More

Getting It Right: Product, Quality, Timing, and Price


The most important factor in industry is no longer the mere price of the product. Increasingly, the purchaser's task has become to obtain the right product of the right quality at the right time—and for the right price.

price optimization  Product, Quality, Timing, and Price The Functionality of Jeeves Enterprise—Not To Be Undermined Jeeves Enterprise has long consisted of a number of autonomous modules for all key business processes; new modules have been gradually developed and added by Jeeves partners, and have often been tailored for a specific sector or type of business. In 2003, Jeeves devoted significant efforts to developing, refining, and supplementing its product. Jeeves Enterprise Version 9 is the latest offering, and it was Read More

“Skunkworks” for Search Engine Marketing and Optimization


Search engine marketing (SEM)? We’re talking about tactics for Web site promotion—increasing both a site’s visibility to Google (and other search engines) and the site’s prominence in search engine results. We’re talking about pulling visitors through search engine optimization (SEO) and improved organic listing and using paid placement to push visitors to a site. Learn more about how to develop an effective SEM process.

price optimization  and pay a nominal price for your sponsored listings. Small business owners had a chance of appearing in search results with industry giants. Now, even for search experts, the magnitude of strategies and opportunities is overwhelming. Direct marketers are pretty familiar with the essential search process. Knowing your customer, modelling and testing before execution - it’s what direct marketers do best. Add three further conditions (trial, technology and a relevance filter) and you’re on your way to a Read More

How Much Supply Chain Optimization Do We Really Need? - Part 2


Part 1 of this blog series introduced the concept of (Rapid) Response Management in the realm of supply chain management (SCM) via a software category pioneer, Kinaxis. The currently bullish Kinaxis has a number of customers that are SAP ERP customers too, and for a long time SAP was at first dismissive (or at least ambivalent) regarding the need for Response Management, as the company had its own

price optimization  Much Supply Chain Optimization Do We Really Need? - Part 2 Part 1 of this blog series introduced the concept of (Rapid) Response Management in the realm of  supply chain management (SCM)  via a software category pioneer, Kinaxis . The currently bullish Kinaxis has a number of customers that are SAP ERP customers too, and for a long time SAP was at first dismissive (or at least ambivalent) regarding the need for Response Management, as the company had its own well-known SAP Advanced Planner and Read More

Configure Price Quote (CPQ)


Product Configuration and Visualization, Pricing and Discounting, Quote Development and Administration, Product Modeling and Management, Master Data and Integration, Channel Sales, Business Platform Capabilities, Product Technology

price optimization  Price Quote (CPQ) The Configure, Price, Quote RFI/RFP Template lists and describes 552 features and functions found in Configure, Price, Quote software solutions. This Configure, Price, Quote Template can help you save time, control costs, and communicate clearly with vendors at nearly every stage of your Configure, Price, Quote software selection projects. Features and functions included in this Configure, Price, Quote Template: ·Product Configuration and Visualization ·Pricing and Discounting Read More

Trade Promotion Optimization in the Consumer Products Industry


Retailers expect promotions by consumer products companies to drive revenue, volume, profitability, and category growth. To achieve these goals, consumer products companies must present comprehensive promotional programs that are tightly integrated with consumer marketing campaigns and tailored to the specific needs of the retailer and its customers or target consumers. They must also forecast accurately, provide marketing support, and ensure inventory availability. Sales managers and trade marketers must collaborate extensively with cross-functional teams for brand marketing, supply chain management, and finance to achieve these goals. Specialized software programs can help, as this white paper explains.

price optimization  Promotion Optimization in the Consumer Products Industry Retailers expect promotions by consumer products companies to drive revenue, volume, profitability, and category growth. To achieve these goals, consumer products companies must present comprehensive promotional programs that are tightly integrated with consumer marketing campaigns and tailored to the specific needs of the retailer and its customers or target consumers. They must also forecast accurately, provide marketing support, and ensure Read More

Inventory Planning & Optimization: Extending Your ERP System Part Two: How It Works


Organizations today realize that although strategies focusing on outsourcing transportation, e-business and new distribution models are important, these are all secondary in relation to what lies at the heart of any supply chain: INVENTORY. Although firms have invested significantly in ERP and MRP systems in the last decade, overall inventory levels within the extended supply chain remain relatively unchanged.

price optimization  Planning & Optimization: Extending Your ERP System Part Two: How It Works Inventory Planning & Optimization Solutions Inventory optimization software is the most recent addition to the suite of Supply Chain Management (SCM) solutions. Software companies like JustEnough and i2 have emerged as leaders in this space. These solutions establish the optimal mix between inventory investment and service levels for each inventory item at each location within an organization. Inventory Planning and Read More