How can Luminate Market Price help my business?
Shoppers expect fair prices for the products they buy, but a “fair price” means different things to different customers. To increase revenue and stay competitive, you need dynamic market-driven pricing. Artificial Intelligence (AI) technology delivers pricing strategies reflecting actual demand and real-time competitive positions – unlocking insights hidden in your data. Luminate Market Price, part of the JDA Luminate™ family, offers the perfect approach for growing revenue and increasing profits.
Features
- Powerful algorithms scientifically determine price elasticity of demand with continuous learning
- Considers store-level and product data alongside time, date and season and other external factors to understand impact on sales
- Supports a variety of pricing strategies including revenue and pricing maximization, pricing rules or a mix of strategies
Benefits
- Increase revenue and margins with better pricing and fewer repricing events
- Save time on price management with low maintenance after initial setup
- Reduce return rates with more competitive pricing
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Find out how Luminate Market Price can help you
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