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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)

Configure, price, and quote (CPQ) solutions (sometimes known as quote-to-order, or Q2O, systems) help drive sales effectiveness by supporting configuration and pricing activities and the generation of quotes that occure during the sales process. CPQ solutions create accurate and professional sales quotes for complex, custom-engineered or customizable products while streamlining core processes and lowering costs. Common features of CPQ software include product catalog and pricing functionality, product visualization, and support for channel sales.  

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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

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

What’s the Missing Link in Price Optimization Strategy for Retailers?


For many retailers, price optimization is not being implemented appropriately because of the lack of communication between the supply and demand cycles. As a result, retailers are unable to meet the demand generated by price optimization; incapable of having a pricing and demand structure that can meet local customer needs; unable to create a central demand forecast for the

price optimization  the Missing Link in Price Optimization Strategy for Retailers? For many retailers, price optimization is not being implemented appropriately because of the lack of communication between the supply and demand cycles.  As a result, retailers are unable to meet the demand generated by price optimization; incapable of having a pricing and demand structure that can meet local customer needs; unable to create a central demand forecast for the entire enterprise (including every store); unable to use 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

Rimini Street: The End of Full-price Software Maintenance Is Here!


In a recent press release, Rimini Street boldly declared the end of full-price software maintenance. The vocal and upbeat third-party software maintenance provider for various popular SAP and Oracle enterprise systems believes that a tipping point has finally been reached in the market for annual maintenance (certainly, the public cloud enterprise software providers have long been preaching even

price optimization  to get the best price and service terms from Oracle and SAP. Even if this is a mere gimmick by Rimini Street, it cannot hurt a prospective support and maintenance customer to use the proposal to its advantage. It will be interesting to watch what Oracle and SAP do now, perhaps in a more creative way, as they''ve been rather tone-deaf thus far. Oracle and Rimini Street have been engaged in  counter-lawsuits about alleged intellectual property theft , and it is hard to predict the outcome of these. While 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

So What's the Bottom Line on Price Segmentation?


Data-driven, science-based price management is an emerging market. Therefore, vendors should be made to prove whether and how they can enable a company to achieve and measure margin lift, or return on investment, of their price management applications.

price optimization  on a combination of price optimization and price enforcement. Other companies might want to start from price enforcement first. Because of the potential gains, many innovative companies have already made significant investments in price management initiatives, while their direct competitors are feeling the pressure to embark on their own pricing management deployments. A litmus test for a company to learn whether the solution is needed would be to ascertain 1) how pocket margins vary across its Read More

Accelerating Cloud Performance with WAN Optimization


Today’s smart chief information officers (CIOs) are assessing their workloads against business needs and analyzing where each should run—locally or in the public cloud. Read on to learn about the benefits of cloud computing, and why its success or failure is often dependent on wide-area network (WAN) optimization.

price optimization  Cloud Performance with WAN Optimization Today’s smart chief information officers (CIOs) are assessing their workloads against business needs and analyzing where each should run—locally or in the public cloud. Read on to learn about the benefits of cloud computing, and why its success or failure is often dependent on wide-area network (WAN) optimization. Read More

Configure Price Quote (CPQ)


Configure, price, and quote (CPQ) solutions (sometimes known as quote-to-order, or Q2O, systems) help drive sales effectiveness by supporting configuration and pricing activities and the generation of quotes that occure during the sales process. CPQ solutions create accurate and professional sales quotes for complex, custom-engineered or customizable products while streamlining core processes and lowering costs. Common features of CPQ software include product catalog and pricing functionality, product visualization, and support for channel sales.

price optimization  Price Quote (CPQ) Configure, price, and quote (CPQ) solutions (sometimes known as quote-to-order, or Q2O, systems) help drive sales effectiveness by supporting configuration and pricing activities and the generation of quotes that occure during the sales process. CPQ solutions create accurate and professional sales quotes for complex, custom-engineered or customizable products while streamlining core processes and lowering costs. Common features of CPQ software include product catalog and pricing Read More

Seven Magic Questions: How to Improve Your Win Ratio by Selling Value Instead of Price


There are many consultative sales methods. Each has unique strengths and techniques, but they all try to focus on what matters to the customer. To improve your win ratio, there are seven questions you must first be able to answer.

price optimization  Selling Value Instead of Price There are lots of consultative sales methods around. You may have been trained in one, or read a book about one that you particularly like. Each has its unique strengths and techniques. But they all have at least one thing in common. They try to get sales people to focus on what matters to the customer. You build sales momentum by demonstrating that you are delivering an important solution to an important problem. That is the essence of all these consultative methodologies. Read More

Manugistics and Agile Make it Official on Valentine’s Day


The new couple will combine strengths in enterprise profit optimization and product content management.

price optimization  and Agile Make it Official on Valentine’s Day Manugistics and Agile Make it Official on Valentine''s Day S. McVey - March 8, 2001 Event Summary In the wake of the recent Strategy Summit in San Francisco, Manugistics Group, Inc. announced an alliance with Agile Software Corporation through which the partners hope to provide enterprise optimization capabilities for the collaborative manufacturing commerce market. Agile specializes in providing solutions for manufacturers engaged in B2B commerce Read More

How Inventory Optimization Can Increase Your Profitability


One of the largest expenses for distributors and wholesalers is stock. Many have difficulty finding the perfect balance between ensuring products are available when they’re needed and not holding too much inventory. So, how is it possible to increase profitability while lowering inventory costs? By exploiting an inventory optimization system, businesses increase automation and collaboration—allowing greater profitability.

price optimization  to continuous pressure on prices. This results in continued pressure on the bottom line margin. In order to meet these exacting demands, companies are being forced, more than ever, to look at their supply chain operations and processes to identify how they can reduce the overall cost per transaction to its lowest level in order to maintain profitability. Companies need to increase collaboration with trading partners within the supply chain in order to reduce the overall cost per transaction. Many 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