SCIENCE
Scientific algorithms calculate consumer demand and elasticity
KEY METRICS
Displays key sales metrics for each product
PRICE SLIDE
See the effect of price changes on Sales volume and margin
SCENARIO PLAN
Scenario Planning and Optimal Prices Provided
PRICE NAVIGATORTM
With Global Pricing Solutions’ price optimization tool Price Navigator™ you can harness your data to better understand your customer buying behavior and optimize the prices that your charge for your products. Our tool can determine price elasticity of your products so that you can better optimize your prices, gain basket, gross margin, and sales volume. Our solutions can also help you with pricing Good-Better-Best offerings, assortment planning, and increase promotional effectiveness.
WHY PRICE NAVIGATORTM?
Price Navigator™ is a highly user friendly software as a service tool. A Low cost, small IT footprint solution, this means that you get the full functionality and pricing power, at a fraction of the cost of other more clunky enterprise solutions. Your team will be able to use the tool quickly, so no unnecessary time is wasted during implementation and training. And you’ll start seeing results faster and obtain a high ROI for your investment quickly.
FREQUENTLY ASKED QUESTIONS
WHAT IS GPS PRICE NAVIGATOR?
- Full Spectrum Price Optimization Solution
- What-if scenario planning capabilities to see expected effects of pricing changes before implementing
- Evolutionary model allows adoption and deployment while building your pricing organization at your own speed
HOW DO I USE GPS PRICE NAVIGATOR?
- Data feeds from existing POS systems are loaded into our tool
- Items are optimized along location and merchandise hierarchy
- Find the optimal price at item, group, or class level
WHAT INCREASED CAPABILITIES WILL WE GAIN?
- Develop a data-driven price strategy
- Visualize data and run optimization scenarios in simulation environments
- Forecast effects on gross margin, volume, revenue, and profit
- Ad-hoc pricing analysis can be conducted to greatly improve accuracy and reduce expense
- Fully integrated competitive intelligence from Price Trax & SCAN can be incorporated
WHAT LIFTS CAN WE EXPECT?
- 3-8% Lift in Gross Margin
- 8 – 12% Promotional Lift
- 8 – 12% Incremental Sales Lift
SEE IT IN ACTION
Request a Price Navigator Demo today! Our product team can give you an industry specific demo of our price optimization tool, covering how the tool is used, what is required to get started, the expected implementation time for your specific project, and a customized quote.
REQUEST A DEMO