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Retail Assist

Price Management

We’re not saying that money makes the world go round, but what if money – well, pricing – needs to be managed around the world? Our price management solution is here to support your brand through international trading, pricing zones or promotional activity.

What are the benefits of our price management software?
Global pricing functionality

Give your customers a seamless brand experience whichever channel they choose to purchase through, regardless of country.

Improve
workflow

Our in-built workflow process asks for double approval of price changes to further improve financial controls.

Make it
automatic

Users can set the automatic calculation of rounded costs to prevent unsaleable pricing, improving the customer experience and profitability.

Create timed promotions

It’s never been simpler to have sales or promotions to commence at set times across multiple global time zones.

Price Management

Has your brand gone global? Juggling multiple selling channels in multiple countries with multiple time zones sound like all the key ingredients of a retail headache, but with Merret Pro’s price management module, it needn’t be this way.

The correct pricing strategy can help maximise full price sales, whilst recognising the right time to markdown or offer promotional discounts.

Merret Pro helps retailers to implement a global pricing engine that supports standard, promotional and markdown pricing across all selling channels.

Retailers can either set prices in line with exchange rates and price rounding rules, or regardless of exchange rates can operate with static international prices in a ‘Price Point’ table: for example, £50 always equates to $100. This alignment has already helped a leading global etailer to increase their weekly global sales by £400,000.

More info on price management

How does the Merret Pro’s price management module handle markdowns? 

Merret Pro provides retailers with the tools necessary to manage price changes for markdowns, and also simple, complex, or basket-based promotions. The system can even create promotions up to 30 minutes before you want to launch them, including:

  • Buy one, get one free/at a specified price
  • Mix and match offers
  • Fixed price deals

Whether the promotion is based in-store/online, or designed to be active for a specific time period (hourly to weekly), Merret Pro provides the tools to manage this, including in-built duplication check functionality to scan for overlaps on any promotional activity by product.

In an industry where competition is strong, we also understand that under certain circumstances revised prices shouldn’t have to be marked. Merret Pro offers a price alignment function, which re-values and re-prices stock by aligning it up/down whilst retaining full price status. This can all be completed within the merchandise management system.

How does Merret Pro’s price management module handle zonal pricing?

Sometimes global retailing needs to operate ‘timed promotions’ across different time zones, which can present operational challenges. Merret Pro’s global infrastructure provides the functionality to set up time zones to trigger promotional offers in the correct timeslot, whichever country you may be operating in. A 16:00 start in the UK will be offset to ensure those shopping in the US also gain the benefits of a 16:00 start, for example.

Merret Pro makes handling international pricing a doddle

Fill in your details below and let us know how we can help you manage your pricing strategy with ease.

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info@retail-assist.com | +44 (0)115 904 2777

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