5 Pitfalls Retail CXOs Face When Not Using Pricing Software
The harsh reality is that CXOs often have poor visibility and little to no control over pricing. The fact of the matter is that it’s usually hard for them to control pricing, so they resort to leaving prices and margins to their own devices, despite prices and margins being an unquestionably critical part of literally any upper management or Board of Directors role. How much should CXOs really have to tolerate when it comes to ineffective approaches to pricing?
TOP 5 reasons why retail CEOs underestimated pricing tool implementation in 2022
Covid, shaking supply chain, Russia invading Ukraine, shaking supply chain, inflation, shaking supply chain, energy crisis, shaking supply chain, government regulations, shaking supply chain, super-dynamic competitive market, shaking supply chain, thinner margins, cost cuttings, lay-offs, shaking supply chain.
This was the daily bread in 2021–2022 for a major part of retail chain managers. For some, this was the last straw before getting a new pricing tool.
TOP5 reasons why retail CEOs have looked for a new pricing tool in 2022
All managers in retail chains who don’t prioritize pricing two levels up in 2023 put their P&L and their jobs under serious risk.
Hidden Advantages of Pricing Tiers
Buy X Get 1 For Free, Volume Discounts, Buy More Pay Less…Many names for the same core idea. If done right, Bulk Pricing can seriously save you countless pricing headaches.
We did it again! Yieldigo is part of an exclusive club of Representative vendors in the Gartner 2022 Market Guide.
Well, we are again on top of the world, in the company of the best pricing and promotion solutions. We are honored and excited to have this place again…
Miloslav Kucmen: How to Prevent Issues When Implementing a Pricing Solution
Miloslav Kucmen has been working as a delivery and project manager for more than 20 years. His core expertise has been in managing the implementation of SaaS solutions–three of those years have been strictly within the retail industry. Companies face many challenges and risks during and after project implementation, where they are compelled to maintain […]
Prices that feel just right: how to use psychology in your pricing
Psychological pricing is a pricing/marketing strategy based on the theory that certain prices have a greater psychological impact on consumers than others. Not only the number itself, but its presentation can play a role in its efficacy. Charm pricing: Reduce the left digits This pricing strategy is based on “left-digit bias”. Customers pay the most […]
How to Mitigate Inflation with Price Management Technology
Inflation is currently a global issue. It has had an impact on the overall price of goods and the purchasing power people have. Many sectors have already been affected, and there are certainly more to come. However, the retail sector has been affected most due to the higher price sensitivity associated with retail.
What’s inside your Pricing Pandora Box?
Managing pricing used to be coordinated by, as we called it, black-box algorithms. Meaning, a system without any knowledge of its internal calculation.
Yieldigo & METRO: A Customer Success Story
Yieldigo Sales Director Milan Havlicek and METRO (SK) Board Member Xavier Gardies shared the Predictive and Promotional pricing stage at Prague’s 2021 Retail Summit to showcase how working with Yieldigo’s price management solution brought both sides mutual success.