SA Perspective on Accelerators

This video will provide an introduction to the role of the Solution Architect in developing a pricing solution that encompasses the best practices approach recommended by Pricefx. It provides an introduction to the role of the Solution Architect in developing a pricing solution using the Pricefx accelerator. It covers topics such as the importance of business analysis, best practices in pricing strategy, software development and customer feedback, challenges in fitting customer requirements into the accelerator, the benefits of a flexible data model, and an overview of different pricing strategies available in the Pricefx accelerator.

 

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Learning Objectives

Core topics and takeaways:

  • Introduction to solution architecture training and price effects.

  • Importance of business analysis in project scoping and customer requirements

  • Best practices in pricing strategy and consultation.

  • Overview of software development, production costs, and customer feedback.

  • Challenges in fitting customer requirements into the accelerator.

  • Guiding customers through the data readiness process.

  • Benefits of a flexible data model.

  • Overview of data enrichment and transformation in platform management.

  • Defining accelerators as pre-configured components.

  • Pricing strategies such as anchor pricing, recommended retail pricing, and kit pricing.

  • Use of product segmentation in pricing.

  • Different levels of flexibility available for setting up product attributes and pricing levels.

  • Troubleshooting pricing issues in the Pricefx system.

Video Highlights

Topic

Key Concepts

Video Location

Topic

Key Concepts

Video Location

Introduction to Solution Architecture at Pricefx

  • Presenting on solution architecture training and price effects.

  • Discussion on the flexibility and features of Pricefx.

  • Tools provided for solution design within Pricefx.

00:00

Importance of business analysis in project scoping and customer requirements

  • Challenges in business analysis, especially in the pricing space.

  • The significance of having conversations with customers for uncovering complexity.

  • The role of business analysis in ensuring comprehensive requirements from customers.

  • Introduction of the business analyst role at Pricefx and its importance

09:35

Best practices in pricing strategy and consultation

  • Discussion on best practices in pricing.

  • Importance of effective execution in software pricing.

  • Consultative approach in providing guidance for pricing strategies.

  • User story creation process and customer struggles

19:12

Discussion on software development, production costs, and customer feedback

  • Overview of software development and production costs.

  • Emphasis on customer feedback and communication.

  • Seeking feedback for improvement and future content.

  • Upcoming topics on business use cases and solutioning.

  • Introduction to hypothetical company 'Red Shoes Company'

28:48

Challenges in fitting customer requirements into the Accelerator

  • Complexity and time required to fit customer requirements into the accelerator.

  • Standard analytics tools like sales dashboards are used without modification.

  • Difficulty in incorporating customer requirements for processes like rebates or price setting.

  • Deployment of dashboards with insights is excellent but adding more charts or boards is challenging.

  • Modifying the system for customer needs poses a significant challenge

38:24

Guiding customers through data readiness process

  • Understanding data effects on pricing.

  • Reviewing business processes with operational users.

  • Supporting customers in internal exercises.

  • Providing guidelines and templates for data readiness.

  • Refining process based on customer feedback

48:01

Discussion on the benefits of a flexible data model

  • he flexible data model benefits in articulating to the customer,

  • Customers can use their own concepts and terminology.

  • Slimming down the field set to support the process.

  • Matching the data model to what the customer already does.

  • Flexibility of the data model allows for customization

57:36

Overview of data enrichment and transformation in platform management

  • Introduction to visibility process execution.

  • Coverage of setup and utilization of platform manager tool.

  • Importance of data enrichment and transformation in integration.

  • Recommendation to minimize enrichment and transformation for simplicity.

  • Commonality of data enrichment practices among customers

1:07:12

Learning Highlights:

Core Learning Concepts

The following are the core learning concepts from this learning path:

Quiz

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