eCommerce & Merchandising

IBM Dynamic Pricing: Your Merchandising Secret Weapon

Share this post:

As an online retail merchandiser, you probably spend your day trying to find that optimal price for your products. You  make business decisions based on intuition and what “worked in the past,” with limited analytical insights to drive sales and increase revenue.

You may be responsible for hundreds or even thousands of individual products. Are you drowning in a sea of pricing spreadsheets? Does your daily routine look like this?

Dynamic Pricing Flowchart_final

How do you coordinate your online pricing with your offline pricing? Do you start all of this over again the next day – or worse, maybe you start it again during your lunch break or at your kid’s soccer game.

What if you could?

  • Create pricing recommendation in minutes, not hours
  • Reprice in real time
  • Sense and respond to out-price the competition
  • Bring online and offline pricing together
  • Leverage cognitive capabilities

Dynamic Pricing embed

 

If you were thinking “Yeah, that would be great,” then IBM Dynamic Pricing is designed for you. It can help you out-price the competition by repricing in real time. We can help you provide a seamless customer experience by bringing online and offline pricing together. With a little practice, you can automate pricing actions so you can focus on high-value activities.

So why not try it for free?  Access our free 30-day trial.

You’ll be able to play with the sample data we provide, or upload your own data.

To enroll visit the IBM Dynamic Pricing page.

Information Design, Getting Started, IBM Watson Customer Engagement

More eCommerce & Merchandising stories

Turning Supply Network Complexity Into a Competitive Advantage

Discover how one company delivered superior CX with improved order management Manufacturing giant Parker Hannifin Corporation had a problem. It had dozens of decentralised divisions making hundreds of thousands of products and selling them through a network of thousands of distributors. With a supply chain this complex, Parker was concerned that its approach was fragmented, […]

Continue reading

With a little help from our friends — more DX Lab Days coming soon!

Pulling together amazing digital experiences requires teamwork, creativity, and a little know-how (or a lot!).  Sometimes you need a little help from your friends to get there successfully.   One of the ways you can do this is by collaborating with your peers in other companies and industries who are working toward the same objectives. […]

Continue reading

Does my fulfillment operation really need AI?

  The answer to this question? It depends! How many stores and distribution centers (DCs) do you have? If you only have a handful, then you may not get a large return on your AI investment. However, if you have more than 20 stores and DCs, AI can provide your company with many great benefits. […]

Continue reading