THE/STUDIO’s Post

In a market that demands agility, how can retailers stay ahead with their pricing strategies? Our latest article, 'Decoding Retail Prices: How They're Set and What They Mean for You,' highlights the role of technology in dynamic pricing. From inventory management to competitive analysis, find out how tech can help you optimize your pricing for maximum profitability. https://lnkd.in/g4gzbcea #TechInRetail #DynamicPricing

Explore the latest insights from our report with Coresight Research, "Precision Pricing in Retail: AI-Driven Pricing Decisions for 2024 and Beyond."  RELEX expert Martin Tilbury dives into the research to discuss how a data-driven approach can enhance customer attraction and sales. Learn more and access the full report in our latest blog. https://lnkd.in/dbtaarn7 #Supplychain #Retail #Pricing  

In an era where attracting and retaining customers while safeguarding profitability is paramount, achieving precision in price planning and setting emerges as a crucial competitive advantage.

How much inventory to buy of any one new item may be the toughest decision a retailer has to make regularly. Read on for tools to avoid overbuying while meeting demands. #retail #retailers #inventory #inventorymanagement #merchandise #retailstrategy https://lnkd.in/gt4ygS4B

We’ve seen a creative resurgence in #retail offerings, blurring the barrier between virtual and physical offerings. But a blurred barrier is still a blurred barrier! https://bit.ly/49knlVb 👀Read why #OrderManagement brings crucial #supplychainvisibility in 2024. #omssystems

It's not a new topic, but it is becoming increasingly table stakes to be able to compete in the modern market. You need to have full inventory visbility -- owned or accessible -- and be ready to offer it to the customer wherever they may be. An old silo'd channel, and its accompanying tech stack, approach isn't going to cut it. #omssoftware #ordermanagementsystems

A retail business that successfully implements a penetration pricing strategy can benefit from increased sales and lower costs. Read more 👉 https://lttr.ai/AIDYH #steffisblogs #BusinessesCapture #GreatCustomerExperience #IncreasesCustomerLifetime #SuperiorCustomerExperience #SubscriptionServices #GenerateMarketDominance #ConvertLargeVolumes #LoseMarketShare #GainMarketShare #RequiresDiligentBudgeting

Pricing in retail is a complex balancing act. Even the most basic price-setting can be challenging when you rely on spreadsheets, and factors like price elasticity, inflation, and promotions further complicate matters. 💡 Pricing strategies like dynamic pricing and value-based pricing can boost revenue while controlling costs. Optimal prices are set by analyzing sales and customer behavior, reducing overstock and understock conditions, and personalizing the customer experience. What's your pricing strategy in this retail landscape? Share your thoughts! https://vistex.link/43F  #PriceOptimization #RetailStrategy #Pricing #Retail 

Retail distribution is continuously adapting to fulfill online orders efficiently and meet growing consumer demand. Dematic's Kim Baudry discusses how retailers are moving closer to consumers with the rise of regional DCs and more in the latest Modern Materials Handling Magazine article: https://bit.ly/429R1Ba

Stay in control of your supplier relationships and optimize your operations effortlessly by effectively utilizing a supplier management system. Want to learn more?: https://lnkd.in/eufWQNhB #suppliermanagement #retail #customermanagement #ecommerce