Test pricing scenarios in a few clicks
Competera platform helps not only to implement particular pricing scenarios but also empowers retail teams to find the best pricing strategies and scenarios. In particular, you can now make more efficient data-driven decisions using the What-If scenario testing feature.
The What-If Scenarios feature enables users to set up diverse pricing scenarios with any parameters and then safely test scenarios before they can be applied in real life. The tests will reveal the potential business impact each scenario would have.
All you need to do is to specify the parameters of scenarios you would like to test, run parallel optimization scenarios and compare the impact of each scenario on key business metrics.
More visibility and control to business performance
The newly released business performance overview dashboard allows you to track the dynamics of key business metrics at the different product levels. Business performance visualizations will help you find which products and categories are showing the best results as well as indicate the areas for growth and improvement.
The graph parameters can be customized in a few clicks. You can visualize the business performance both on SKU and product group level.
By choosing individual products, you can track the dynamics of business metrics within the pricing line and drill down to tiers and SKUs. If you want to track the performance of categories and tiers, choose a relevant product group in the settings.
Manage autonomous price adjustment with ease
If you need to run regular repricing campaigns or would like to set up a future campaign in advance, you can easily do it with a newly released feature of scheduling price adjustment events.
Click the “Schedule repricing” button to tell the system the dates of the future repricing campaigns. You can also assign the autonomous status to certain product groups on a regular basis so you won’t need to manually re-launch them every time.
Besides, we’ve also added a notification feature to make sure automated campaigns are under full control. Just type in your and/or other users’ emails and notifications will be sent once the status of an automated campaign is changed.