Pricefx has just been awarded the Bronze Stevie® Award for Sales & Customer Service. The award was determined by the average scores of judges comprising executives from around the world. Out of the 1000s of submissions, we’re proud of the fact that experienced leaders view Pricefx’ssolutions as drivers to help organizations and their sales teams better serve their customers.
Proactive, strategic, and rapid price adjustments at scale are the “holy grail.” If your suppliers can do this and you aren’t, the question is not if you will experience margin compression, but how much, for how long, and if you will be able to survive in this new world.
Here is a quick Pricefx case study: a large retailer uses Pricefx to make over 100k price recommendations into over 1000 locations per day on an assortment of 300k active products, leveraging millions of rows of competitive and cost data and 99.9% of these are automated. This allowed them to significantly grow and maintain market share and profits by responding to changing market conditions quickly and reducing margin compression.
Pricefx’s Plan, Price and Profit packages help to support every step of the pricing process, from analysis to strategy, and implementation.