The Pricefx Copilot can help identify outliers in margin opportunities by leveraging the Datamart Watcher and Actionable Insights capabilities. We can use it to identify worst performing customers, worst performing products, top performing products, customers with selling and pricing opportunities and many others.
| Panel | ||||||
|---|---|---|---|---|---|---|
| ||||||
LEARN MORE: To view these use cases and many others, click here. |
Here's how it works:
Detection
...
By providing actionable insights, Pricefx Copilot helps sales representatives address margin-related issues effectively, ensuring that pricing strategies are optimized and profitability is maintained
Proactive Measures
...
The sales representative can then take proactive measures based on the insights provided. This might involve adjusting prices, offering incentives, or improving the overall customer experience to increase the margin
Once actionable insights are generated, the sales representative can take proactive measures to address the identified issues and improve margins. Here’s how it works:
When the Datamart Watcher identifies an outlier, such as a customer with an underperforming margin, it triggers the creation of actions to determine the root cause of the low margin. This could be due to factors like a low list price, low guidance, or high levels of discounting.
The Copilot then provides insights and recommendations to address these issues and set the correct customer or market price.
For example, if the root cause is identified as a low list price, the Copilot might recommend adjusting the list price to align with market standards. If the issue is due to high levels of discounting, the Copilot could suggest revising the discount strategy to improve margins.
These actionable insights enable the sales representative to take proactive measures to address the identified issues and optimize pricing strategies.
By providing actionable insights, Pricefx Copilot helps sales representatives address margin-related issues effectively, ensuring that pricing strategies are optimized and profitability is maintained.