IBM DemandTec Price Optimization Basics

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The benefits of the Price Optimization solution
Review pre-scenario data for anomalies in Reporting
Pre-price and Price-lock products that should not change during rules pricing or optimization
Product Status and which products will be included in the pricing action
Creation of data to support Price Optimization rules such as, but not limited to, Size Families/Classes, Brand Families/Classes, and Other Families/Classes
Creation of Product and Store Groups for rules and CPIs
Creation and calculation of weighted and non-weighted CPIs
Creation of Rule and Category Groups
Import and Export data into and from the Price Optimization solution
The difference between Rules Priced and Optimized scenarios
The use of rules to support category strategies
Creation of scenarios and adding rules strategically
Running ´what-if’´ scenarios to compare the projected financial implications of various pricing strategies
Balance scenario financial results
Review summary-level optimized prices using Scenario Summary and Compare Scenario features
Review Scenario Results reports and Compare Scenario Details functionality
Use the PRA and Product Analyzer to answer price change questions
Research price change causals
Investigate Rules Relaxations using the rule relaxation methodology
Override prices and reforecast benefits
Approve and send prices to stores