Discrete Manufacturing Price Setting

Owned by Mike Deskis
Jul 17, 2024
2 min read

Overview

Pricefx provides several key price setting use cases for the discrete manufacturing industry to help manufacturers optimize their pricing strategies and increase profitability. Here are some of the key price setting use cases in Pricefx's discrete manufacturing industry solutions:

  1. Dynamic Pricing: these solutions allow producers to adjust prices in real-time based on factors such as demand, inventory levels, and competitor prices. This enables them to stay competitive and maximize revenue.

  2. Pricing Strategy: allows manufacturers to quickly change and employ new strategies at the click of a button with no coding required, simply using the solution’s user interface.

  3. Price Optimization: determine the optimal price for their products based on factors such as historical sales data, market trends, and competitor prices. This helps maximize revenue and profitability.

  4. Price Management: streamline pricing processes, including price setting, approvals, and distribution. This helps save time and reduce costs associated with pricing operations.

 

List of Price Setting Use Cases

Below are the Price setting use cases that are provided by the Pricefx solution for the Discrete Manufacturing Industry:

  • DM 01 - Efficient and optimized List Price (re)calculation based on pricing strategies

  • DM 02 - Automatic recalculation of dependent Price Lists e.g. region, country, different sales channel

  • DM 03 -  Ensure (Net/List) Prices are aligned across a region (Price corridor)

  • DM 04 - Design and deploy new pricing strategies using visual drag-and-drop “no code” configuration (Strategy Designer)

  • DM 05 - Proactively and efficiently set a price for a new product

  • DM 06 - Proactively and efficiently set a price for updated product (Cost / Competitor price or other changes trigger repricing)

Summary

Overall, Pricefx's discrete manufacturing industry solutions provide a comprehensive set of price setting use cases to help optimize pricing strategies, improve customer experience, gain a competitive advantage, and increase profitability.