Setting effective every day and markdown prices to achieve financial and price image objectives is a critical retail capability. However, as retail executives know all too well, most pricing decisions require a trade-off between margin and price perception. Effectively driving decision-ready insights from vast retail data is the key.
Rizing LCP is a software-as-a-service (SaaS) tool built to pre-integrate into your SAP environment. LCP reads SAP master data, TLOG, price, cost, competitor, inventory, and order data and presents the information in a consolidated, simple, and user-friendly interface enabling merchants to easily review important data, set pricing plans, execute price changes, and review the impact on business performance.
Price Rules Management
Sales and margin-enhancing decision-ready information – rings customer, vendor, competitor, sales, order, inventory, product, and location data into one simple software system, fully integrated with the retail price planning and execution processes
Low total cost of ownership – Rizing hosted tool built to integrate into your existing SAP environment with no or low change required
Efficient, user-friendly tool – Simple, web-based user interface designed to support the entire suite of retail pricing processes in one tool with minimal clicks
Fast speed-to-value – Merchants can leverage the tool to start gaining LCP insights
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