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Solutions

Dynamic Pricing

Solvoyo’s proactive, automated price recommendation solution powered by machine learning will help you adjust your pricing strategy based on your business objectives.

Request a Demo
1123

Solutions

Dynamic Pricing

Solvoyo’s proactive, automated price recommendation solution powered by machine learning will help you adjust your pricing strategy based on your business objectives.

Request a Demo
1123
AI/ML Predictive Models Estimating Potential Sales

AI/ML Predictive Models Estimating Potential Sales

• Predictive Analytics with AI/ML for forecasting and modeling price elasticity

What-If Capabilities for evaluating different price points

Automated Diagnostics

• Configurable business objectives to adapt to the needs of your business

  Identifying all products and categories

needing price action

Configurable Dashboard

Configurable Dashboard

System of record for parameters, recommendations, approvals

and results tracking

• User-friendly UI for supporting your reporting needs

Intelligent Dynamic Pricing with Solvoyo Platform

Solvoyo Dynamic Pricing helps automate price updates based on changing supply, demand, and market conditions. Our configurable models can support different business goals such as meeting sales targets, liquidating aging inventory, and/or maintaining a certain price position with respect to the competition. Our model brings data-driven decision making and agility to pricing decisions. Through AI/ML models, our software learns how customers are responding to price actions and adjusts it’s recommendations accordingly, Through automated diagnostics, users can quickly focus on items requiring pricing actions and through our flexible integration technology, they can execute price changes into their ERP systems.

Solvoyo Dynamic Pricing UI

Dynamic pricing
  • Sales projections for
    end-of-period (week/month) 
  • Tracking against sales or
    stock-cover targets
  • Automatic identification of categories or products falling behind sales targets
  • Recommendations for actions to increase sales 
Ready to see our dynamic pricing platform in action?

What can you achieve with Solvoyo Dynamic Pricing Platform?

Meeting weekly/monthly sales targets

  • AI/ML Forecasting models estimating (daily/weekly) potential sales with current pricing,
    planned promotions and campaigns
  • Identifying categories where there is a risk of not meeting sales targets
  • Recommending price actions for slow-moving SKUs with high stock levels to bridge the gap
  • Estimating incremental sales due to approved actions
Set business rules for inventory liquidation

Set business rules for inventory liquidation

  • AI/ML Forecasting models estimating (daily/weekly) potential sales with current pricing,
    planned promotions and campaigns
  • Identifying categories/SKUs that need attention based on business rules (slow movers, aging stock)
  • Recommending price actions for slow-moving items with high stock levels to bridge the gap
  • Estimating incremental sales and end of period inventory projections

Track competitor prices

  • Period Forecasting (daily/weekly) potential sales with the current market price index,
    planned promotions and campaigns
  • Identifying categories/SKUs that need attention based on competitor pricing
  • Recommending price adjustments based on pricing rules and business objectives
  • Updating forecasts and financials with approved price changes
Solvoyo Retail Planning Platform

Merchandise Financial Planning: An integrated and flexible way of doing top-down planning, category management and open to buy planning.

Line Planning: Solvoyo Line Planning, a cloud-based and with a user-friendly and configurable UI brings automation to product and line analysis and standardizes the planning process.

Product Lifecycle Management: Solvoyo’s cloud-based and fully configurable PLM solution helps digitize manual processes and workflows. It can be easily configured to meet the unique needs of the organizations.

Assortment Planning: With today’s fast-changing market dynamics and diverse customer needs, a customer-centric retail strategy must include localizing assortments to address different needs.

Size & Pre-pack Optimization: Solvoyo Size and Prepack Optimization solution helps fashion retailers determine the best size breakdown and prepack combinations that meet store-level size selling needs.

Retail Analytics: Retail Analytics solution combines data from multiple internal and external sources, drive insights from big data through visualization and diagnostic capabilities and help support decision-making faster and easier.

Vendor Collaboration: For a simplified and automated vendor management, Solvoyo’s Vendor Collaboration offers supplier scorecard and demand collaboration tools both for your organization and your vendors.

Test, Read & React: Test, Read and React process whereby a retailer tests a product offering on a limited store basis before making the decision whether or not to carry the product in a greater market is being utilized more and more by retailers.

Omni-Channel Planning: With Solvoyo, omni-channel retailers optimize their network operating parameters and inventory deployment strategy to fulfill orders from the most profitable source.

Replenishment Planning: Optimally replenish your stores and distribution centers (DCs) in a demand driven mode, balancing inventory holding, service level, production and transportation costs.

Purchasing / PO Management: Whether it is managing daily procurement operations in an efficient way or replenishing DCs or stores to optimize the right inventory mix, Solvoyo Purchase Order Management allows organizations to automate purchase order creation process and handle exceptions.

Initial Allocation Planning: Solvoyo’s proactive, automated initial allocation solution powered by machine learning will help you adjust your allocation strategy based on your sales trends.

Store Replenishment: Solvoyo’s demand-driven, automated store/channel replenishment solution powered by machine learning will help you ensure optimal stock availability, improve sales and profitability.

Markdown Optimization: Automate your markdown pricing and timing decisions with Solvoyo’s advanced Markdown Optimization and Planning solution. We make your pricing process easy to manage and flexible to accommodate different business goals.

Promotion Planning: Improve the effectiveness of Retail promotions, through deeper analysis of customer response to your offers and find the best way to entice your customers while maintaining healthy margins.

Dynamic Pricing: Solvoyo’s proactive, automated price recommendation solution powered by machine learning will help you adjust your pricing strategy based on your business objectives.

Workforce Planning: Continuously monitor store operations processes in strategic, tactical and operational levels. Optimally manage your workforce and meet your business goals.

Store Clustering: An integral part of the Retail Analytics and has a number of uses in Retail planning and execution including Assortment Planning, Pricing and Promotions Planning and Markdown Management.

CONCURRENT OPTIMIZATION

All the solutions you need. Under one platform.

Our platform concurrently plans and optimizes orders, inventory, and transportation in a holistic approach that is far more effective than attempting to optimize each discretely. Solvoyo provides its solutions in one model across strategic, tactical, and operational time horizons.

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