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Imprice Cloud Dynamic Pricing System

Product
Developers: Imprice
Branches: Internet Services,  Trading

Imprice is a completely ready-made system for automated pricing of e-commerce, retail chains and multi-channel retail. The solution based on methodologies and machine learning algorithms takes into account dozens of factors in the formation of prices.

2020: The system includes the following units:

a. Collection of prices of competitors, from applications, from sites and from aggregators, for example, from Yandex.Market.

B. Dynamic rule-based pricing with ultra-flexible settings. This allows you to take into account any nuances and pricing strategies of the trading company; as a rule, there are a lot of such nuances and it is they that allow you to extract additional profit or avoid losses due to sales below cost.

You can set up pricing:

  • by competitors,
  • by turnover,
  • by regions of presence,
  • by client segments,
  • for individual warehouses and stores,
  • for trade balances,
  • by client segments,
  • by time periods (night prices, weekend prices, prices for the sale period),
  • for KVI and Back Basket products.

Q. Artificial intelligence algorithms for automatic demand-based pricing, including online store behavioral factors:

  • automatic detection and updating of the complete KVI list,
  • automatic machine learning-based pricing to increase gross margin in the commodity category or capture market share.
  • automatic identification of key competitors of the store for each brand, product group, individual sku.