Pricing HUB

Pricing HUB is a cloud-based dynamic pricing product for retailers. It works out each day what prices should be, so a retailer can hit a chosen business objective while staying inside its own limits.

What Pricing HUB offers

• Daily recommendations — calculates the price changes needed to reach a stated goal, within the constraints the retailer sets.
• Elasticity from experiments — runs A/B tests to measure how demand reacts to price, then feeds the result into its suggestions.
• Margin and price optimisation — aims to improve both the selling price and the margin on each product.
• Large catalogue handling — the system optimises hundreds of thousands of SKUs and produces more than 100,000 recommendations every day.

Who it works with

The product is aimed at retailers that need to manage prices across very large ranges of items.

Key facts

• Delivery: software as a service
• Method: experimental A/B testing to estimate price elasticity
• Scale: more than 100,000 daily price recommendations