...
Field mapping – Store and Product are IDs, and Store Name and Channel Name are the labels displayed in the interface. When there is no name field mapped, the ID is used instead.
Date – Stands for the date of the transaction.
Product Pareto – This field is used to define the target of stock coverage. Expected values include: Runner, Long Term, Best Sellers… But any field related to product can be used, such as product categories.
Money fields – They must provide extended values, meaning the full value for the sold quantity (except the Minimum Advertise Price which is not in the Extended fields section).
The mapping of the fields should reflect this waterfall structure:
Note: If some fields do not exist in the Transactions Datamart, or are not used, then it is suggested to create fields which always have 0 values.
If some guardrails on Shelf Price are requested, the Recommended Retail Price can be used as a maximum (just be careful here it should be extended) and the Minimum Advertise Price can be used to define the minimum.
...
The Elasticity Model is a model of type Multifactor Elasticity (see https://pricefx.atlassian.net/wiki/spaces/ACC/pages/4832493569 Accelerate Multifactor Elasticity Optimization ), that must run until the end. The elasticity is used to forecast the quantity sold, for each product, store, and channel, when the price changes. This value is used to predict the stock coverage and to maximize the global revenue or profit.
...
The stock coverage targets are defined and applied globally for each Product Pareto value, as mapped in the Definition step. Each value found in the scope is displayed in a row and a stock coverage is expected for each.
A checkbox “Disable Stock Targets” allows you not to use the stock targets, so you can adjust the prices without the impact of the stocks.
Channels Tab
...
The Channels tab sets the alignment rules between channels. The user chooses a reference channel and sets the average gap percentage between the reference and any other channel. These gaps are used to define how much the average price by product of a channel should differ from the average price of the same product in the reference channel.
...