(3) Pricing w/ Frequent Cost Change

August 17, 2023

Industry: Food/Retail

Context & Challenges

  • Complex management of costs data due to frequent changes.
  • Multiple pricing strategies to be supported for reselling products
  • Incorporate competition data and promotion data

Solution

  • A global price list and dependent local layer price lists were developed allowing multiple pricing strategies, involving competition and promotion data, with an ability of switching between them.
  • A costing workbench was developed for managing costs with alerts and workflow steps for crossing thresholds.