By
Mihir Kittur
Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
Retailers will need to first arrive at getting answers to their pricing strategy, and then follow that up with the implementation of new dynamic pricing systems.
Dynamic Pricing Systems in the New Era
Many retailers are at the early stages of evaluation and implementation of new dynamic pricing systems. The best of these implementations will combine the collection of accurate, comprehensive data with well-tested models and automation to sense what consumers are willing to pay, and then prices accordingly instead of merely price matching. The best models include competitive price elasticity analytics that help retailers identify which competitors actually impact their sales and which products they're actually competing on.
0 Comments
View Comments
- Companies:
- Amazon.com
E
Mihir Kittur
Author's page
Related Content
Comments