Price Optimization definition

Price Optimization is any change (excluding Promotional Codes) to the Amount Paid for a Merchant Offering.
View Source

Examples of Price Optimization in a sentence

  • Once you've moved from a PROS legacy product and purchased Smart Price Optimization and Management or Smart Configure, Price, Quote, you cannot choose to re-purchase the legacy product with legacy pricing, which may bill differently.

  • Smart Price Optimization and Management is an omnichannel price management solution that defines pricing strategies, manages prices across multiple channels and geographies, governs pricing approval processes, provides analytics and insights to help manage revenue and profit, and delivers prices in real-time across multiple channels.

  • By default, PROS will store up to 3 years of historical data for all Editions of Smart Price Optimization and Management and Smart Configure, Price, Quote.

  • The Ultimate Editions of Smart Price Optimization and Management and Smart Configure, Price, Quote include additional features and capabilities not listed here, including but not limited to, personalized integrations, reporting, and data science-based algorithms.

  • X All Editions of Smart Price Optimization and Management and Smart Configure, Price, Quote include data integration services, subject to additional professional services for configuration.

  • Smart Price Optimization and Management and Smart Configure, Price, Quote support various languages with system administration in English by default.

  • For example, our Smart Price Optimization and Management customers find that 2 years is the optimal timeframe for maintaining analytics data in order to perform AI-based trend analysis; we recommend that you purge any data beyond the two-years timeframe.

  • X Subscription Selling (Requires Ultimate edition of Smart Price Optimization and Management).

  • The Essentials and Advantage Editions of Smart Price Optimization and Management are designed to handle a maximum of 2,500 Peak Price Evaluations per Minute.

  • All Editions of Smart Price Optimization and Management include the capability of Real Time Price Delivery through the PROS Pricing Evaluation API.