GMROI, also known as gross margin return on investment, is an inventory management metric. But what does that mean exactly? In short, GMROI evaluates profitability of your inventory with a simple ratio, analyzing the ability to turn said inventory into cash at a profitable rate above the cost of the inventory. So how do [...]
Do you run an appliance retailing business? Or any kind of store chain where you at least sell some home appliances? If so, you’ll want to be sure you are keeping up to date with competitor pricing while simultaneously maximizing your return on these high ticket items. Your current pricing strategies may be leaving [...]
What is NRF 2019? The National Retail Federation (or NRF) is known as Retail's Big Show. To put it simply, this is one, if not the, biggest shows in the world for retailers. Major speakers from everything from tech start ups to Fortune 500 companies speak at the show, new technologies and innovative strategies [...]
Advanced Pricing Logic is pleased to announce that we will be at the NRF 2019 show in the Javits Center in New York City. Stop by booth #1300 between January 13th-15th and let us demonstrate why PRICEXPERT is the best price optimization software on the market. Our dedicated team is excited to meet with our [...]
Price improvement is, and will continue to be, the most potent technique for enhancing both revenue and profit. Unlike management of variable costs and overhead costs, effective pricing (to improve both margins and revenue) does not require huge sums of advertising money or salary cuts. There are no suppliers to squeeze. There are many [...]
Automated retail pricing is a pricing model that uses metrics to allow the company to control and maintain pricing, extracting the highest levels of sales and profitability possible. This is done with software that can analyze countless amounts of data, pricing models, predictions, and more in order to gain total control over how pricing affects [...]
You may be frustrated trying to manage prices for thousands of SKUs and be wondering, is there a better way? Well, welcome to the world of pricing optimization. Here is a general introduction to what pricing optimization software is, what it does, and what to expect when you use it. Pricing Optimization Software Explained [...]
EVERYDAY PRICE AUTOMATION This is the heart of pricing logic. You can price and reprice based upon the deep stack of data that you've already collected from your retail activities. Add data about competitors and now you’re ready to dial pricing up or down based on any number of operation metrics. You can apply [...]
PRICEXPERT is a pricing automation solution but here's the history on how the pricing software company began. Pricing automation software company Advanced Pricing Logic (APL), and APL's pricing management software platform PRICEXPERT, is a story of how retailers had to create their own pricing management solution to a big problem. Advanced Pricing Logic's story [...]
Meet the Advanced Pricing Logic team and learn about PRICEXPERT at the Internet Retailer Conference (IRCE) in Chicago, June 5-8, 2018. We'll be in booth 2003 in the exhibit in McCormick Place West. Stop by and see how PRICEXPERT software can help you manage hundreds of thousands of prices, monitor your competition, and optimize [...]