Leverage Artificial Intelligence and Machine Learning-powered insights to deliver accurate pricing strategies. Eliminate human errors with our industry leading retail price optimization software.
Optimized Retail Pricing
Ensure real-time optimized prices for every product, at every stage of its lifecycle, tailored by region, channel, customer, and more through Pricing and promotion planning software.
Seamless workflow integration with your data warehouse, marketing calendars, and other applications, enables real-time pre-season, in-season, outlet, markdown and clearance pricing recommendations.
Our automated markdown optimization software takes merchant and planner emotion out of the markdown equation. We use seasonal timing and sales curves, price elasticity, price-points/markdown breaks, and frequency of markdowns to develop an optimized markdown solution. We then give you the ability to tailor that output to fit your markdown budget with scenario planning.
Outlet Pricing and Secondary Channels
For businesses that have outlets and secondary sales channels, our retail price optimization software determines the right timing for retiring products and moving them into secondary channels. And machine learning and artificial intelligence work to optimize initial pricing and discounts and markdowns over the lifecycle of the product.
Sales cannibalization is often hard to measure. Most companies can only guess at the impact of their promotions. PriceSmart solves this problem by automatically identifying cannibalized items, measuring their impact on past campaigns, and incorporating that analysis into future campaign forecasts.
Learn how our AI-powered retail pricing software takes all variables into account, increases your store’s sales with actionable insights and uncovers dynamic pricing strategies.
Dynamic forecasting accounts for historical data and current trends in consumer behavior to make more accurate predictions about future sales at each store location.
Dynamic pricing strategies can be optimized by store, store cluster, channel, region, and customer segments. Cluster/group your stores as per “like locations” for personalized retail price optimization programs.
Test & Control
Ability to create both store and customer level tests using several key performance indicators and metrics that provide actionable insights through retail price optimization software.
Facilitates modeling various pricing options over specific time periods and immediate quantification of the impact.
Set guardrails to guide promotional and clearance pricing, product retirement strategy (min/max discount %, price endings, SKU/class/style level limitations, etc.).
Optimize through markdown optimization software using advanced analytics to forecast demand and craft distinct markdown plans for stock clearance.
Implementation of PriceSmart takes less than 8 weeks.
Analyze price elasticities for every product, at every stage of its lifecycle, tailored by region, channel, customer, and more
Robust ML models deliver advanced pricing recommendations across the lifecycle (three modules: Initial pricing, Promo, Markdown)
Ensure ML models are evolving. Platform should be delivering actionable insights, and offering dynamic pricing strategies
Phased rollout across regions, categories, and business units. Continued support to ensure solution is adding value for your business
IA’s smart AI-powered
benefitting retailers in
promotion planning time
Reduction in wastage
(due to price based
optimal pre-season planning)
Adherence to pricing compliance policies (through rules and auto integration)
See PriceSmart in action
Explore how our clients are identifying optimal cadence to achieve the highest GM with stipulated clearance and higher than anticipated ROI generation, with profitable customer-centric pricing and promotions.REQUEST DEMO
Explore Promo Calculator
An interactive tool which helps you optimize promotion lift that you need to keep your gross margin dollars stable.EXPLORE NOW
Here's why our clients trust us
PriceSmart helped us add millions to our bottom-line by optimizing our markdown cadence. We now have the ability to simulate multiple scenarios with a click and choose the best one.Pricing Lead, Global House of Fashion Brands
Before PriceSmart, we were using excel sheets for making pricing decisions, we didn’t have the ability to see what was happening across the board. Now PriceSmart gives us a definitive data-backed answer that is optimized for us. It is like a crystal ball.Pricing Analyst, Fashion Brand Outlets
By utilizing PriceSmart we were able to leverage promotional price elasticity to improve our promo effectiveness leading to 400 basis point improvement within 30 days of implementation.Head of Pricing and Promotion Management, large US grocery chain.
We were able to track our competitors’ prices and arrive at the right price point for elastic as well as inelastic SKUs by implementing PriceSmart. PriceSmart helped us to boost our bottom-line in no time.VP Pricing, leading US Coffee chain
Industries that have benefited from PriceSmart
Your data and our advanced AI-powered retail pricing model create a unified pricing and promotions planning solution that’s unique to your industry.
Plan pricing and promotions across each products’ lifecycle to drive sales, margins and greater customer engagement.
Ensure location-specific pricing for profitable and customer-focused pricing and promotions.
Dynamic pricing structure backed by advanced demand forecasts and intelligent insights.
Get in-depth information about the latest industry trends, technology and how your peers are solving the biggest promotion and markdown problems with IA’s advanced next-gen pricing and promotions planning software solution.Learn More
Benefit from our end to end solutions at the outset, or add more as you see the difference we make.
Get clarity with retail price optimization software
PriceSmart - AI-driven retail price optimization software automates your pre-season, in-season, and clearance pricing strategies for margin maximization and inventory sell-through.
Our retail pricing software framework ensures true margin estimation by providing impactful and revenue-generating pricing recommendations.
Driving ROI through
AI Powered Insights
We are led by a team with deep industry expertise . We believe in “Better decisions with AI” as the center of our products and philosophy, and leveraging this to empower your organizationREQUEST DEMO