Retail Lifecycle Pricing
Optimize pricing, promotion, and markdown
strategies without compromising on profit margins.
Manage, control, and dynamically adjust pricing throughout the product lifecycle with Rizing’s LifeCycle Pricing tool. By consolidating key pricing data into a centralized platform, our tool is designed to help retailers set an effective pricing strategy that drives profitability, increases average spending, and builds customer loyalty.
Streamline pricing
with automated tools
Simplify pricing decisions for new products and everyday pricing through highly-automated exception-driven processes
Deliver the right price
at the right time
Win over customers with the right pricing, promotions, and markdowns using automated simulations and approval workflows.
Data-driven insights
for profitable pricing
Minimize trade-offs when making pricing decisions and leverage comprehensive reporting to improve profit margins.
Optimize Pricing Strategies in Real-time
with Lifecycle Pricing
Control and automate your pricing with
a suite of retail pricing processes
Ensure pricing consistency across all stores and channels
Set pricing strategies using a robust set of configurable rules that allows you to automate price proposals based on brand, size, competitor data, location, product strategy, and more.
Dynamically adjust prices based on competitor intelligence
Capture competitor pricing data through third-party tools or use our mobile-enabled interface to collect data from the field to instantly generate competitive pricing strategies.
Manage and support routine pricing processes
Simplify the complexities of pricing new items with a toolset designed to find the right balance between margin goals and competitiveness.
Simulate new prices based on a cost change analysis or leverage pricing guardrails to prevent instances of over or underpricing.
Manage local pricing decisions with greater flexibility
Maintain centralized control of zone-level pricing, while empowering store operators to fine tune prices based on local market conditions such as demand fluctuations and shifting customer preferences.
Gain full visibility with a centralized price workbench
Consolidate all your pricing data into one intuitive tool for real-time pricing visibility across all products, locations, and channels.
The Price Workbench makes it easier to make “on-the-fly” changes using a price simulator or via manual inputs.
Leverage built-in analytics and an industry-proven demand forecasting engine to simulate various pricing scenarios for informed decision-making.
Key Benefits of Rizing’s Retail LifeCycle Pricing Tool
- Improves decision making
Enables a data-driven pricing strategy by consolidating crucial data on a single platform for better control over price management and markdowns - Enhances pricing efficiencies
Maximizes profitability by delivering an entire suite of retail price planning and execution processes – all seamlessly integrated into an intuitive, user-friendly interface. - Accelerates speed-to-value
Seamlessly integrates into existing SAP environments for retailers to quickly leverage the tool, gain actionable insights and drive immediate improvements in pricing strategies.
Ready to get started?
Let’s talk.
Explore how Rizing’s LifeCycle Pricing tool empowers
retailers with unified control and management for a profitable pricing strategy.