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How can a pricing software optimize profit margins?

Answer:

A pricing optimization software improves margins by recommending better price points and the optimal price based on demand signals, competitive context, and constraints. It helps reduce unnecessary discounting, improves promo discipline through promotion optimization, and enables faster price adjustments when market changes threaten margin.

Other FAQs:

How do agents differ from traditional rules?

Is Flowlity’s approach to Supply Chain Optimization similar to Lokad’s?

What is an SKU (Stock Keeping Unit)?

What do supply chain automation tools look like in action?

How is the Demand Planning and Supply Chain forecasting solution market organized?

Is the Flowlity solution suitable for Make-to-Stock (MTS) and Make-to-Order (MTO) environments?

What parameters are taken into account when calculating the quantities to order?

How is the solution billed?

What support methodology does Flowlity offer during the project?

What is the role of my teams in implementing Flowlity? What internal involvement should I expect?