PriceEdge™ will enable you to easily price and link your products to value-driving attributes. Improve your profits without losing sales and increase customer trust.
The first step to practical value-based pricing is to organize your products and define price differentiating attributes.
Categorize similar products into groups
For each group assign value differentiating attributes
Populate products with value driving attributes
Use the value attributes in the groups to create price suggestions based on customer perceived value.
Define differentiation based on value attributes
Identify where you currently are over- and underpricing
Simulate business impact from the value based prices
Avoid falling back to cost based pricing by setting up pricing processes to sustain the margin improvements.
New product pricing process
Easy price revision process
Full price adjustment process