Introduction

This learning path is designed for individuals who need to gain insights into the concepts and capabilities of the Shelf Price Optimization and how to use it. It will highlight to run the shelf price grid optimization and ability to understand its results.

It is separated into multiple tiers that are dependent upon your expected role with this package.

Learning Prerequisites

Make sure that you have these aspects covered before moving on to the course.

• Data Management

• Pricing Basics

• Pricing Terminology

• Accelerator Overview

• Price Optimization Core Learning Path for All Audiences

Learning Synopsis

This learning path will highlight how Shelf Price Optimization will optimize the shelf prices for end customer, typically of a B2C company and its creation of an optimization model by prices by product, store and time period.

It will illustrate a set of dashboards that are also provided to allow you to review and assess the outputs with charts and tables with the recommended shelf price, forecasted revenue and margin, stock coverage etc.

Learning Objectives

Core topics and takeaways:

• Gain a comprehensive understanding of the purpose, benefits, and key features of the Shelf Price Optimization Accelerator in Pricefx.

• Understand how Shelf Price Optimization can assist in your B2C pricing decisions.

• Acquire the knowledge and techniques to continuously review, refine, and optimize the shelf prices based on analytical data.

• Learn how to use the business user features and functions of Shelf Price Optimization effectively.

• Understand the supplied dashboards that include the recommended shelf price, forecasted revenue, margin, stock coverage, and other relevant metrics

Learning Journey

This learning path is separated into sections that provide a basic roadmap for building your knowledge and understanding of Shelf Price Optimization.

The components in this path are designed to be experienced in a sequential order, as each subsequent level builds upon the knowledge acquired in the preceding learning path(s). This structured approach ensures that learners have the necessary foundation before progressing to more advanced concepts, optimizing your learning experience.

Shelf Price Optimization Overview

• Shelf Price Optimization Basics

• Elasticity Model Preparation

Shelf Price Optimization Usage

• Usage Overview

• Input Definition

• Scoping Step

• Configuration Step

• Results Step

• Results Description

Glassbox Dashboards

• Criteria Satisfaction

  • Pie Chart

  • Criteria Compare Sankey Chart

  • Satisfaction Pie Chart

• Value Finders

  • Impact and Satisfaction Bar Chart

  • Impact and Influence Bar Chart

  • Value Finder Influence Bubble Chart

  • Criteria Impact Bubble Chart

  • Value Finders Variations Chart

  • Value Finders Relative Variations Chart

  • Value Finder Criterion Influence

• Debug Charts

  • Initial Movements Boxplot Chart

  • Initial Movements Relative Weights Boxplot Chart

  • Criticality Profile

Time commitment: For this path you should dedicate approximately 1.5 hours.