Automate the pricing of your assortment
The Inergy data platform gives you the option of implementing dynamic pricing. With dynamic pricing, you can fully automatically determine the prices of the products in your range. Among other things, we take into account the competitor's price, the time of day or day of the week, demand and stock levels. Competitor prices are continuously monitored.
This ensures that you have a sharp and up-to-date pricing policy, save on costs and optimize your business operations.
What you can expect from us
1. A sharper and more current pricing policy
Thanks to the data platform, all the data in your organization is available in a clear and structured way. Our solution for dynamic pricing then enables you to pursue a consistent pricing policy, with better margins. The solution matches your items to the assortment of competitors, so you don't lose the battle for the customer. Then you set rules that automatically adjust your prices when a competitor changes their prices.
For example, do you always want your item to be two percent below the price of a comparable item from your competitor? Then the tool will take care of that for you. Because the solution takes the price sensitivity of items into account, you can also impose restrictions so that the changes of price-sensitive items do not fluctuate too much.
2. Saving time and costs
The solution for dynamic pricing is fully automated. This means that much less human intervention is required when determining article prices than was previously the case. This way, you save directly on personnel costs. Your employees also have time left over to deliver value to your company in a different way.
3. Optimize operations
Price management is a weekly process for many retailers. Often this process is not well streamlined and there is no clear division of roles. This solution ensures that this process becomes simpler and more efficient. In addition, our solution pushes the new price settings directly back into the operational process, allowing branches to quickly start labeling items with adjusted prices.
Data Analytics in Retail
In this webinar, you'll learn how to best use all your available retail data for data-driven decisions.
Retailers and suppliers automatically adjust their prices based on internal and external data.
Reference - Rituals
The use of data analytics at Rituals
Rituals is going all out to improve business performance by managing more sharply. With Inergy's help, a robust data platform with Power BI was built.
Martijn Willems, Director of Control & Analytics at Rituals:
"With the Power BI platform, we manage to manage continuously, even at the store level. In Power BI dashboards, we can read all transactions. This means that we have almost real-time information about how sales are doing. Not only for all our stores together, but also per region or even per store.."
Inergy is jouw partner op gebied van data analytics. We helpen organisaties al meer dan 22 jaar om alle waarde uit hun data te halen. We bieden full service, non-stop datamanagement, advanced analytics en dashboarding op basis van de meest effectieve en efficiënte technologieën van dit moment. We zijn officieel Snowflake Premier Partner. Daarnaast zijn we ISAE 3402 en ISO 27001 gecertificeerd waardoor jouw data gegarandeerd veilig is.
Want to know more? Get in touch with us
Would you like to talk to us about your data issue? Our data specialist Peter will contact you within one business day for a no-obligation introductory meeting.
Don't feel like waiting and mailing back and forth to make an appointment? Then schedule an appointment directly yourself on a day and time that suits you best.