For more information on BlueYonder Pricing solutions, contact Ryan Kinzy
For more information on BlueYonder Pricing solutions, contact Ryan Kinzy
Retail Price Execution for a Grocery Retailer
A prominent grocery retailer needed to overhaul their price execution system to meet the complex demands of their business. Their existing system was inefficient and could not handle the intricacies of product family pricing, store manager overrides, and operational constraints. The retailer required a solution that could support both retail and B2B pricing while integrating seamlessly with their existing systems, including strategic pricing tools, promotion management, and point-of-sale (POS) systems.
The Challenge
The retailer faced several key challenges:
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Complex Pricing Requirements: The grocery retailer needed to support product family pricing, which required the ability to set prices at multiple levels across different store locations and customer types. They also needed the system to accommodate store manager overrides and constraints based on operational capabilities.
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System Integration: With multiple systems involved in pricing, the retailer needed to ensure that the new solution would integrate seamlessly with upstream systems, such as strategic pricing and promotion management, as well as downstream systems, like POS systems, tags, and signs.
Our Solution
DoubleBlaze provided a comprehensive solution that addressed the retailer’s pricing challenges:
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Comprehensive Integration: We designed and developed a new price execution process that integrated with the retailer’s existing systems. This included Blue Yonder’s Strategic Pricing, Promotion Manager, and Symphony MDM applications. By integrating with these systems, we ensured that all pricing data flowed smoothly and accurately between different systems.
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Advanced Pricing Processes: We implemented key processes such as product family pricing, which allowed the retailer to set prices for groups of products based on their relationships. Additionally, we created mechanisms for store manager overrides and operational constraints, giving the retailer greater control over pricing at the store level.
The Results
The new price execution system delivered several key benefits for the retailer:
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Improved Pricing Accuracy: The system eliminated errors that had previously occurred in price execution, ensuring that prices were consistently accurate across all stores and customer segments.
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Greater Control: By implementing product family pricing and operational constraints, the retailer gained more control over their pricing strategy. Store managers could make necessary adjustments while adhering to company-wide pricing policies, optimizing profits.
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Seamless Data Flow: The integrated system ensured that pricing data flowed accurately between upstream and downstream systems, minimizing errors and improving efficiency.
Looking to Improve Your Price Execution?
If you need a comprehensive solution to optimize your price execution, schedule a call with us through our contact page. Let’s discuss how we can tailor a system to meet your specific needs and help you achieve operational excellence.