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With this solution, you can...
The Insights & Learn Solution has many useful benefits that can help to optimise your pricing. Do you want to unlock your pricing potential and learn more? Schedule a call with a consultant and book a 20 minute brainstorm session!
Out of the box tools delivered by our pricing engine.
Before the pricing strategy can be chosen, it is important to gain insight into price-determining factors. Is this mainly the cost? Then you can start with a cost-based strategy. Do you want to take competition into account in addition to costs? Then you can also combine different strategies with our Pricing Strategy Builder.
In SYMSON you can indicate which product you want to scan with competitive prices. Based on the product code, our algorithm searches for (new) competitors on a daily basis and adjusts the prices (after your approval) based on your business objectives and strategic positioning.
Send us your sales data. If you are in doubt we can help with importing the data in the correct way
Throught the software you can filter the insights on region, customer groups, products and timeframe.
After analysis has been performed with the available data the software will present you the suggested changes to the prices of your items.
You can use the insights from competitors to monitor price behaviour from key competitors and monitor your price position in the market.
You can use the historical data to analyse the price elasticity, seasonality, trends in quantity, costs and prices of your products.
If you have been in business for the last two years you probably have enough data to start with this module.
Depending on your pricing maturity Using descriptive analytics can offer you valuable information on what can be improved and if you are more mature this module can be applied along with other modules to increase profitability.
Importing can be manual or via our API. If SYMSON has received the data the insights will be generated automatically.