Valid Predictions and Automation to Strengthen Business

Goods management and an optimal pricing system are only two of the topics currently being addressed by retail. In addition to these, there is the online channel, which you should connect to your stationary trade to provide an integrated and satisfying shopping experience. We demonstrate what contribution predictive applications make to…

Transparency in pricing : Where would we be without technology?

IN Blue Yonder, Dynamic Pricing, Retail — 08 October, 2015

Imagine you want a new pair of shoes. You visit a shop, find the perfect pair, but they are a little pricey. Do you just accept the price and purchase them there and then? The chances are the answer is no. As we move into the technology age, there are limitless options for finding the best price. A quick Google search on your smartphone will find…

Algorithms Are the Engine of Digitalization

IN Dynamic Pricing — 06 August, 2015

At the beginning of July, we held our fourth Big Data & Analytics Congress (we call it the Datalympics), where participants learned how to better master digital change. The focus was on how companies can drive their business-process optimization, for example using automated materials planning, Industry 4.0, and dynamic pricing.

Prizeworthy: the new dynamic pricing solution for dynamic online retailers

One of the hardest questions for anyone who makes or sells products to answer is: “What’s the right price for my product?” After all, the price is probably the one thing that most influences how successful and profitable the product is going to be. Set the price too high, and sales will be so low that fixed costs cannot be recouped. Set the price…

Measured in key figures: selling better with dynamic prices

Dynamic pricing is not focused on the lowest price, but on the best price. As a partner of Profitero, predictive analytics specialist Blue Yonder uses its software to help commercial enterprises attain their strategic goals, such as higher sales volumes and lower inventories.  Because Profitero's competitor prices are now integrated in the solution,…

Why Dynamic Pricing Is Critical For Today’s Multichannel Retailer

The explosive growth in online shopping has resulted in increased Internet price transparency:  recent data from The Centre For Retail Research forecasts that online sales in Europe will grow by 18% to £132.2 billion in 2014.

Flexible prices: Speed is not rocket science

Nothing is older than yesterday's price. Yet, the perfect price that is exactly matched to the corporate objective is derived from a plethora of factors. Dr. Michael Milnik explains why it is beneficial for organizations to calculate their prices in real time with predictive analytics software.