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Category: General News

RS Components & Price f(x) – A Project Launch for Pricing Process History



Ever wanted to know what a dream pricing project kick-off looks like? Look no further than the recent project launch that we had with RS Components. And what a launch it was – cake, good cheer and excited anticipation for what our products can do to automate their pricing processes.

Pricef(x) is live at RS Components

The goal was to fully automate their pricing processes from an off-line Excel based solution to an integrated Price f(x) system. This meant using PriceBuilder to efficiently model RS Component’s different strategies across the several categories, technologies, brands, and markets worldwide. This would help to strengthen RS Components’ pricing capabilities both in terms of price setting and price analysis.

The strategies make use of various internal and external data sources and before any actual price changes are made, they can be modeled, and their impact simulated. After approval, the prices go downstream to ERP and E-commerce systems after which they loop back into Price f(x) on the executed transactions that can be analyzed using the PriceAnalyzer module. The impact of this is monumental for companies with several variables to take into account because decisions can be made in a timely manner.

So, what was one of the reasons that RS Components chose us to begin with? Price f(x), “is a young dynamic company not just somebody who had a stayed product which needed updating”, said Gary Malpas,
Commercial Analytics Manager, and the project’s business owner. Thank you to the RS Components teams. We could not be happier to have had such a successful launch and are excited to see great results.

If you would like to find out how Price f(x) can help you automate your pricing process, contact us here.

Price f(x) at PPS Amsterdam 2018

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Are you ready to shake up your pricing? Then stop by the Price f(x) booth at the Professional Pricing Society conference on November 28-30, 2018 in beautiful Amsterdam.

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Sales and the shrinking lifespan of a sales opportunity – by Garth Hoff

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Speed….
I’ve heard sales reps for years say things like, “time kills deals;” sometimes just noted as TKD. There is an obsession with being the first into an opportunity, the last to present, and of course the fastest to respond to any proposal.
The short life of sales leads is where we enter into the pricing conversation here on speed.

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Price f(x) Dynamic Pricing Solution Now SAP® Certified

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Optimized Dynamic Pricing by Price f(x) is a tailored SaaS solution to respond to the ever growing need for businesses to react faster to changing market conditions. The solution, which is integrated with SAP Commerce Cloud, calculates prices in real-time based on predefined set of business rules and modern price optimization algorithms using machine learning techniques. Optimized Dynamic Pricing will enable you to achieve and maintain pricing excellence through dynamic, relevant price changes. Actively monitor price changes, market reactions, and revenue, margin, and volume improvements using powerful analytics capabilities. The solution can work with multiple backend systems, terabytes of data, millions of transactions and historical price points and will enable you with better and improved customer and product segmentation.

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New release of Price f(x) QuoteConfigurator App for Salesforce and Price f(x) PromotionManager App for Salesforce – Unity v1.32 Kamenice



We are happy to announce a new release of Price f(x) QuoteConfigurator and PromotionManager App for Salesforce, MDS and C4C – Unity v1.32 Kamenice.
 
We’ve added a new dialog for user preferences management from the Quote Detail page. It provides more details about the available preferences and also allows you to choose which of them will be your default one. Obsolete preferences can be deleted and users with the appropriate rights can also set global preferences. We’ve also improved pagination of the Quotes and Contracts listing and removed one extra need to scroll
 
Among other features and enhancements, you will find a breadcrumb navigation on the Quote or Contract Detail page or detailed release and backend information on the Configuration page, which will make troubleshooting a little easier. For a complete list of new features and bug fixes, please see the release notes.

New release of Price f(x) QuoteConfigurator App for Salesforce and Price f(x) PromotionManager App for Salesforce – Unity v1.31 Jihlava



We are happy to announce a new release of Price f(x) QuoteConfigurator App for Salesforce and Price f(x) PromotionManager App for Salesforce – Unity v1.31 Jihlava.

The main features of this release include the possibility to import a list of products from a spreadsheet to a quote or a collapsible and configurable header with detailed information about the quote/contract, which is available on all tabs.

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Part 3: Prevention- by Gabe Smith

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So how can you prevent the Truck and the tree?
As with most issues in the corporate world, there are 3 factors involved: People, Processes and Systems. They all work together to enable resolve problems. Let’s discuss both the Truck and the Tree in light of people, processes and systems.

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Price f(x) is Sponsoring the Chicagoland Pricing Professionals Networking Event

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Please join Price f(x) for an evening of discussions, networking and fun with pricing experts, consultants and peers at the Chicagoland Pricing Professionals Networking Event on August 15.  Registration is free and ​​​​​we’ll be discussing pricing challenges, enjoying refreshments and networking with peers at other businesses throughout the city. Read more

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