Item, Price and Promotion Management

Make Sure Your Pricing Has Integrity
Getting pricing strategy right is a complicated mix of balancing vendor pricing with profit margins and coordinating them with local demand. Even after you position each component perfectly, it is critical to ensure that follow up merchandising and promotion will be executed properly. So how can you ensure that each item is priced and presented to your customers as planned?

RedPrairie Item, Price and Promotion Management is an automated solution that determines the right balance among the many factors affecting retail success. Working from a centralized database, you gain the visibility and insight to make pricing and promotional decisions and develop implementation strategies. You also get coordinated price management tools to ensure product and price integrity throughout your entire enterprise.

Execution = Strategy
The best merchandising strategies go for naught without timely, accurate execution in the stores

Setting the right price is just the beginning

RedPrairie Item, Price and Promotion Management starts by connecting your inventory catalog to supplier costs and then helps determines the optimal product, pricing and profit margin goals. From there you can:

• Synchronize item pricing with labeling, merchandizing, POS and other systems
• Analyze the effectiveness of corporate pricing structures
• Create and prioritize promotion plans
• Adjust plans to match inventory and local/regional demand
• Improve merchandizing decisions
• Accurately assess promotion results

No matter how widely disbursed your stores or how diverse your customers may be, RedPrairie Item, Price and Promotion Management improves sales, increases profits—and makes your success look easy.