This block adjusts the SYMSON price such that when the stock level of the product reaches a certain threshold, the price is set to a value specified by the user.
One tool for your whole company. Free for teams to try.
This block adjusts the SYMSON price such that when the stock level of the product reaches a certain threshold, the price is set to a value specified by the user.
Set up a Stock Threshold: Stock value that triggers the price adjustment.
Set up a Percentage Change: Positive or negative percentage to apply to the stock target price
You can use SYMSON to set prices according to seasonality. During peak season, set higher prices to better capture profit margins.
If you are low on inventory, and want to clear out stock, you can apply discounts and promotions when the stock level reaches a certain threshold.
A clothing retailer uses stock/inventory-based pricing to optimize their pricing strategy. At the beginning of the winter season, when stock for winter clothing is abundant, they set prices at a standard or slightly higher level. As the season progresses and they aim to clear out remaining stock, they implement price reductions or discounts. This makes room for a new seasonal stock of clothes. They can use SYMSON to automatically change prices or set discounts and promotions based on a certain threshold of units left in inventory.
A grocery store that houses seasonal food items can employ this strategy. For example, during the holiday season, they may price Christmas cakes and cookies at higher prices when demand is at its peak. Then at the end of the season, they may reduce prices to clear out stock. SYMSON can be used to automatically change prices based on a certain threshold of units left in inventory. Using pricing, inventory is maximized for optimum yield.
This block adjusts the SYMSON price such that when the stock level of the product reaches a certain threshold, the price is set to a value specified by the user.
Set up a Stock Threshold: Stock value that triggers the price adjustment.
Set up a Percentage Change: Positive or negative percentage to apply to the stock target price
Stock or inventory-based pricing is a pricing strategy where the price of a product or service is determined based on its availability or the level of stock or inventory on hand. This approach takes into consideration the supply and demand dynamics of the product or service and aims to optimise pricing based on the current stock levels.
HOW AND WHY TO USE STOCK BASED PRICING
Stock or inventory levels can fluctuate based on seasonal demand or time-sensitive factors. For example, prices may increase during the holiday season when demand is high, or may be reduced at the end of a season to sell out remaining stock. In these cases, you can automate SYMSON to change your price in line with inventory levels to best capture value whether you have a surplus or scarcity of units.
You can use SYMSON to set prices according to seasonality. During peak season, set higher prices to better capture profit margins.
If you are low on inventory, and want to clear out stock, you can apply discounts and promotions when the stock level reaches a certain threshold.
One tool for your whole company. Free for teams to try.
Stock or inventory-based pricing is a pricing strategy where the price of a product or service is determined based on its availability or the level of stock or inventory on hand. This approach takes into consideration the supply and demand dynamics of the product or service and aims to optimise pricing based on the current stock levels.
HOW AND WHY TO USE STOCK BASED PRICING
Stock or inventory levels can fluctuate based on seasonal demand or time-sensitive factors. For example, prices may increase during the holiday season when demand is high, or may be reduced at the end of a season to sell out remaining stock. In these cases, you can automate SYMSON to change your price in line with inventory levels to best capture value whether you have a surplus or scarcity of units.
SYMSON’s versatile pricing engine allows you to combine Stock-based Pricing with other pricing strategies and/or across different product groups.
Stock-based Pricing for a Clothing Store
A clothing retailer uses stock/inventory-based pricing to optimize their pricing strategy. At the beginning of the winter season, when stock for winter clothing is abundant, they set prices at a standard or slightly higher level. As the season progresses and they aim to clear out remaining stock, they implement price reductions or discounts. This makes room for a new seasonal stock of clothes. They can use SYMSON to automatically change prices or set discounts and promotions based on a certain threshold of units left in inventory.
Stock-based Pricing for a Grocery Store
A grocery store that houses seasonal food items can employ this strategy. For example, during the holiday season, they may price Christmas cakes and cookies at higher prices when demand is at its peak. Then at the end of the season, they may reduce prices to clear out stock. SYMSON can be used to automatically change prices based on a certain threshold of units left in inventory. Using pricing, inventory is maximized for optimum yield.
This block adjusts the SYMSON price such that when the stock level of the product reaches a certain threshold, the price is set to a value specified by the user.
Set up a Stock Threshold: Stock value that triggers the price adjustment.
Set up a Percentage Change: Positive or negative percentage to apply to the stock target price
You can use SYMSON to set prices according to seasonality. During peak season, set higher prices to better capture profit margins.
If you are low on inventory, and want to clear out stock, you can apply discounts and promotions when the stock level reaches a certain threshold.
A clothing retailer uses stock/inventory-based pricing to optimize their pricing strategy. At the beginning of the winter season, when stock for winter clothing is abundant, they set prices at a standard or slightly higher level. As the season progresses and they aim to clear out remaining stock, they implement price reductions or discounts. This makes room for a new seasonal stock of clothes. They can use SYMSON to automatically change prices or set discounts and promotions based on a certain threshold of units left in inventory.
A grocery store that houses seasonal food items can employ this strategy. For example, during the holiday season, they may price Christmas cakes and cookies at higher prices when demand is at its peak. Then at the end of the season, they may reduce prices to clear out stock. SYMSON can be used to automatically change prices based on a certain threshold of units left in inventory. Using pricing, inventory is maximized for optimum yield.
