PriceSmart
Leverage Artificial Intelligence and Machine Learning-powered insights to deliver accurate pricing strategies. Eliminate human errors with our industry leading retail price optimization software.
Optimized Retail Pricing
Ensure real-time optimized prices for every product, at every stage of its lifecycle, tailored by region, channel, customer, and more through Pricing and promotion planning software.
Easy Integration
Seamless workflow integration with your data warehouse, marketing calendars, and other applications, enables real-time pre-season, in-season, outlet, markdown and clearance pricing recommendations.
Clearance Strategy
Our automated markdown optimization software takes merchant and planner emotion out of the markdown equation. We use seasonal timing and sales curves, price elasticity, price-points/markdown breaks, and frequency of markdowns to develop an optimized markdown solution. We then give you the ability to tailor that output to fit your markdown budget with scenario planning.
Outlet Pricing and Secondary Channels
For businesses that have outlets and secondary sales channels, our retail price optimization software determines the right timing for retiring products and moving them into secondary channels. And machine learning and artificial intelligence work to optimize initial pricing and discounts and markdowns over the lifecycle of the product.
Cannibalization
Sales cannibalization is often hard to measure. Most companies can only guess at the impact of their promotions. PriceSmart solves this problem by automatically identifying cannibalized items, measuring their impact on past campaigns, and incorporating that analysis into future campaign forecasts.
PriceSmart Features
Learn how our AI-powered retail pricing software takes all variables into account, increases your store’s sales with actionable insights and uncovers dynamic pricing strategies.
Agile Forecasting
Dynamic forecasting accounts for historical data and current trends in consumer behavior to make more accurate predictions about future sales at each store location.
Personalization
Dynamic pricing strategies can be optimized by store, store cluster, channel, region, and customer segments. Cluster/group your stores as per “like locations” for personalized retail price optimization programs.
Test & Control
Ability to create both store and customer level tests using several key performance indicators and metrics that provide actionable insights through retail price optimization software.
Scenario Planning
Facilitates modeling various pricing options over specific time periods and immediate quantification of the impact.
Business Rules
Set guardrails to guide promotional and clearance pricing, product retirement strategy (min/max discount %, price endings, SKU/class/style level limitations, etc.).
Tailored Markdowns
Optimize through markdown optimization software using advanced analytics to forecast demand and craft distinct markdown plans for stock clearance.
Implementation of PriceSmart takes less than 8 weeks
Learn
Analyze price elasticities for every product, at every stage of its lifecycle, tailored by region, channel, customer, and more
Build
Robust ML models deliver advanced pricing recommendations across the lifecycle (three modules: Initial pricing, Promo, Markdown)
Monitor
Ensure ML models are evolving. Platform should be delivering actionable insights, and offering dynamic pricing strategies
Deploy
Phased rollout across regions, categories, and business units. Continued support to ensure solution is adding value for your business
IA’s smart AI-powered predictive analytics benefitting retailers in
10-15%
Increase in
EBITDA
>75%
Reduction in
promotion planning time
8-12%
Reduction in wastage
(due to price based
optimal pre-season planning)
100%
Adherence to pricing compliance policies (through rules and auto integration)
See PriceSmart in action
Explore how our clients are identifying optimal cadence to achieve the highest GM with stipulated clearance and higher than anticipated ROI generation, with profitable customer-centric pricing and promotions.
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Explore Promo Calculator
An interactive tool which helps you optimize promotion lift that you need to keep your gross margin dollars stable.
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Here's why our clients trust us
Industries that have benefited from PriceSmart
Your data and our advanced AI-powered retail pricing model create a unified pricing and promotions planning solution that’s unique to your industry.
Retail
Plan pricing and promotions across each products’ lifecycle to drive sales, margins and greater customer engagement.
Hardgoods
Ensure location-specific pricing for profitable and customer-focused pricing and promotions.
Hospitality
Dynamic pricing structure backed by advanced demand forecasts and intelligent insights.
Resources
Get in-depth information about the latest industry trends, technology and how your peers are solving the biggest promotion and markdown problems with IA’s advanced next-gen pricing and promotions planning software solution.
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Related Solutions
Benefit from our end to end solutions at the outset, or add more as you see the difference we make.
Get clarity with retail price optimization software
PriceSmart - AI-driven retail price optimization software automates your pre-season, in-season, and clearance pricing strategies for margin maximization and inventory sell-through.
Our retail pricing software framework ensures true margin estimation by providing impactful and revenue-generating pricing recommendations.
Driving ROI through
AI Powered Insights
We are led by a team with deep industry expertise . We believe in “Better decisions with AI” as the center of our products and philosophy, and leveraging this to empower your organization
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