Given that food retailers make just pennies on the dollar, it’s probably not surprising that a software tool like price optimization would catch on as it has. Price optimization, at its most basic, gives retailers a way to squeeze out a little more margin, or drive a little more volume, by appropriately tweaking their price points up or down. Not only that, but it predicts what the outcome is likely to be before the price change is even made. Overall, the tool helps retailers ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.