Handle cost price changes automatically & effectively with the assistance of AI Pricing Software.
Due to (unforeseen) cost price changes, profit margins can dissolve quickly. Businesses try to sell products or services for a higher value than they produce them. Costs thus play a crucial part in the eventual profit of businesses.
However, when costs are not stable and prone to increasing quickly, business risk selling their products for a low margin. Especially now, when events such as national conflicts and pandemics influence prices drastically, costs are harder to predict.
To keep the same profit margin and minimise the risk of selling products for a too low margin, businesses need to be able to increase their prices - automatically & effectively.
You can start with automating your prices with only invoice data or purchase prices per product.
If your cost prices increase, SYMSON can automatically incorporate this into your sales prices.
We have the 9 most important built-in pricing strategies, ready to be implemented in a few mouse clicks.
Translate your business knowledge and KPIs easily into business rules for the pricing strategies.
Use notifications when certain events happen. Learn, adjust and keep control over your pricing management easily.
A price optimisation project is a major undertaking for any company. To help you make the right decisions in the process, we have written down our best practices in this white paper.