Quicklizard enables retailers to automate their pricing strategies and move from manual pricing to a smart, fully automated digital pricing infrastructure. Our suite of pricing optimization and enrichment modules advances pricing excellence at scale, based on individualized business goals.
The need to react in real time and factor in multiple data sources and economical variables, such as regions, currencies, and regulatory requirements, poses a real challenge to implementing and maintaining effective pricing strategies. Traditional mathematical methods cannot adequately depict the complexities of today’s competitive market.
In a very competitive landscape, retailers have to use pricing strategies to attract customers. Whereas traditional pricing strategies adjust products’ prices according to retailers’ current situations (e.g. Cost-plus pricing strategy, Value-based pricing strategy and Inventory-sensitive pricing strategy), Dynamic pricing and optimization allow retailers to build more complex pricing strategies that truly align and serve the business goals.
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