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EuroCIS 2016 - Exhibitor database

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Revionics Corporation
5000, Plaza on the Lake, Suite 200
78746 Austin, TX, USA

Phone: +49 211 3003478
http://www.revionics.com

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Revionics Dynamic Pricing

04.01.2016

Leverage Dynamic Pricing for Intra-Day Competitive Responsiveness.

The number of price changes has been exploding and the pace of change continues to accelerate. Now, retailers need to be strategic about how they price items, and how often they make changes; if they don’t, they will easily race to the bottom while leaving potential margin on the table. By understanding your consumers, their browsing and buying behaviors, and how you differentiate from your competitors, you will establish a strong foundation for a dynamic pricing strategy.

Revionics® Dynamic Pricing delivers pricing speed and responsiveness while avoiding margin loss through rampant competitive matching. With intra-day pricing, quick price reevaluations, automated workflow approvals and exception management, retailers can be assured that they are executing the best price throughout the day.

Along with Revionics® Price Management, Revionics® Price Optimization and Revionics® Strategic Price Simulation, Revionics Dynamic Pricing is part of the Revionics® Price Suite, which delivers solutions for all retailers regardless of current pricing processes or sophistication.

Revionics can also help retailers gain deeper competitive intelligence with competitive price insights, data and management.

Why Revionics Dynamic Pricing?

  • Respond intelligently to competition in real time
  • Change prices quickly throughout the day
  • Make the right adjustments, only when needed
  • Retain competitive edge, while maintaining financial and strategic targets
  • Flag and prioritized exceptions, while letting acceptable results process

Link to further Information
Revionics Price Management

04.01.2016

Apply Rule Adherence and Pricing Consistency Across the Enterprise

Retailers have their own pricing rules that they want to enforce for categories or individual product. Selected categories and regions have minimum margin, price and other legal restrictions. Retailers are faced with the near impossible task of balancing these rules against the competition, vendor requirements and business objectives for the various assortments. In a time where any error is amplified, retailers cannot make even a single mistake. They must consistently execute the right prices across all touchpoints.

Revionics® Price Management assures pricing consistency and adherence to company pricing rules, vendor policies and competitive positioning. Scalable to meet large retailers’ volumes, this solution provides extensive business rule sets, intuitive workflows and easy-to-understand analytics so retailers can meet their essential pricing needs.

Along with Revionics® Price Optimization, Revionics® Strategic Price Simulation and Revionics® Dynamic Pricing, Revionics Price Management is part of the Revionics® Price Suite, which delivers solutions for all retailers regardless of current pricing processes or sophistication.

Revionics can also help retailers gain deeper competitive intelligence with competitive price insights, data and management.

Why Revionics Price Management?

  • Efficient workflow to promote consistent and easy execution
  • Ensures pricing rules are maintained
  • Scalable to tier 1 retailer volumes
  • Insight of price impacts on key metrics
  • Accurate, understandable forecast
  • Intuitive results to drive confidence and adoption

Link to further Information
Revionics Price Optimization

25.01.2016

Revionics® Price Optimization has the most installations in the retail industry, helping retailers price with confidence by leveraging demand-based science and predictive analytics to:

  • Shape & predict omnichannel shopper behavior
  • Surgically execute competitive positioning
  • Automate manual pricing processes & rules
  • Improve customer loyalty
  • Forecast & measure price change impact

Blending data, business rules, pricing science and retailer strategy is the fundamental premise behind Revionics proprietary optimization and price management process. These optimization components work in concert to enable retailers to predict and respond to changing shopper and competitor behavior at the speed, scale and frequency required to remain competitive today.

Link to further Information
Revionics Price Optimization

04.01.2016

The Convergence of Data, Strategy, Rules and Science to Arrive at the Optimal Price

Margins are razor thin, and not all products are created equal. Some are greatly affected by competitor price changes and position, while others are not. Retailers are tasked with figuring out how to price items to meet their financial goals, with ever-expanding assortments.

With so many products to price, this is an overwhelming task for most retailers. Often they employ an arbitrary pricing strategy based on gut feelings as opposed to strategy, data and analytics. Those that do have data often do not know what information is important to pricing decisions.

Revionics® Price Optimization blends strategy, business rules, science and data to recommend optimal prices and forecast the effect on consumer demand. With this solution, retailers see how shopper price sensitivity, competitive price positions, cost changes, seasonality and other relevant data points influence profitability, competitiveness and demand.

Along with Revionics® Price Management, Revionics® Strategic Price Simulation and Revionics® Dynamic Pricing, Revionics Price Optimization is part of the Revionics® Price Suite, which delivers solutions for all retailers regardless of current pricing processes or sophistication.

Why Revionics Price Optimization?

  • Takes a shopper-centric approach to pricing
  • Keeps pace with emerging trends through self-learning demand models
  • Prevents the competitive race to bottom, with patented science around competitive response elasticity and sensitivity
  • Aligns business strategies with price recommendations
  • Transparent results drive confidence and adoption which drives value
  • Flexible application across categories, locations, channels and key items
  • Delivers sustainable, year-over-year financial benefits

Link to further Information
Revionics Price Suite

04.01.2016

Transform Performance with Strategic Right Pricing

Price is and will always be the critical factor influencing the shopping journey. Today’s consumers know the products they want and exactly what they’re willing to pay for them. Since the entire world is the consumer’s assortment, retailers cannot afford to price too high and risk losing sales or too low and risk losing profit. What winning retailers are doing differently is setting their pricing strategy to better understand which competitors truly affect demand and which products consumers are price sensitive to. Then intelligently execute their strategy across different channels and touchpoints.

Revionics® Price Suite delivers proven solutions for all retailers regardless of current pricing processes or sophistication. With strategic rules-based pricing, science-driven optimization, price simulation and dynamic pricing, Revionics Price Suite makes retailers of all sizes and verticals more successful and competitive.

Get the Right Price, Every Channel, Every Time with the ability to:

  • Drive strategic and financial objectives, while improving revenue and gross margin from 2-6%
  • Align prices to customer desires
  • Prioritize decisions with rules and constraints
  • Respond intelligently to competitor price changes throughout the day
  • Predict outcomes through simulation and forecasting
  • Gain insights and knowledge from data-driven optimization
  • Derive sustainable, year-over-year benefits

Revionics can also help retailers gain deeper competitive intelligence with competitive price insights, data and management.

Link to further Information

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Revionics Strategic Price Simulation

04.01.2016

Ensure that Selected Strategy Achieves Objectives Prior to Execution

Shopping and pricing have been democratized. Every day retailers are trying to figure out how to win more customers, retain the ones they have, while driving more sales, earning more profit and increasing their gross margins. At the same time they are dealing with fluctuating costs from manufacturers.

With an infinite number of strategies that can be implemented or business rules and constraints that have been in place for years, retailers are often risk averse for fear of making a mistake and unsure when a strategy requires adjustment. The course of no action can seem like the better alternative without the data to understand the impact a change will have on the business’s financial performance.

Revionics® Strategic Price Simulation prepares retailers for the inevitable market changes. Using sophisticated predictive analytics and forecasting, retailers can test new strategies and/or changes in rules and constraints, simulate and compare, side by side, different outcomes before implementing them in the market. Thus, giving retailers the enduring edge to increase their competitive advantage.

Along with Revionics® Price Management, Revionics® Price Optimization and Revionics® Dynamic Pricing, Revionics Strategic Price Simulation is part of the Revionics® Price Suite, which delivers solutions for all retailers regardless of current pricing processes or sophistication.

Why Revionics Strategic Price Simulation?

  • Simulates future options, while maintaining current pricing goals and rules
  • Simulate against multiple categories strategies, such are margin growth, revenue goals, image enhancement, and traffic building
  • Side-by-side comparisons of multiple scenarios with high-level and down to the item-level prediction and forecasting
  • Anticipates and responds to market trends
  • Identify achievable strategies and when it’s time to adjust
  • Eliminates costly mistakes by predicting and validating results before rollout
  • Strategically absorbs market disruptions, and unlocks new opportunities
  • Intelligently adjusts for any new competitors
  • Easily implement new strategies at the touch of a button

Link to further Information
Revionics® Promotion Optimization

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25.01.2016

Revionics® Promotion Optimization improved sales and traffic by identifying the best items and the most effective and profitable offers by channel, shopper segment and touchpoint. Simulates and forecasts uplift potential for various combinations of offers, discounts, promotional vehicles, media types, page, position and ad-size. Collaborative, dynamic workflows streamline and align marketing and merchandising activities.

Promotions are optimized through a combination of data, science, analytics and a retailer’s strategies. The optimization engine blends these components, delivering optimal omnichannel promotions that:

  • Decompose Promotional Uplift: Modeling merchandising activities to make profitable, fact-based decisions when developing promotional strategy and determining investments in marketing mix.
  • Measure Net Impact: Simulating a variety of promotion vehicles and merchandising types to understand the total net impact of the chosen event.
  • Quantify Affinity and Cannibalization: Providing insight into which products are trip drivers or basket builders, while avoiding unnecessary discounts that aren't relevant to consumers.
  • Accurately Forecast: On-demand modeling can be conducted at the event, version, or offer level to predict impact of promotional event.

Link to further Information