Merchandising in the hardware and home improvement industries have very unique challenges. Global Pricing Solutions’ tools are situated to expertly solve your biggest pricing, assortment planning, promotional, and markdown needs.
Do you know the price your customers are willing to pay for your products? Our tools can determine price elasticity of your products so that you can better optimize your prices, gaining basket, gross margin, and sales volume. Our solutions can also help you with pricing Good-Better-Best offerings, assortment planning, and increase promotional effectiveness.
Do you have access to accurate information about your competitors prices? Our tools can help you gather and validate competitive prices for your KVIs and other products. The tool is fully integrated with our optimization solution, allowing for a full end to end use of your consumer demand and competitive prices to best price your products.
Do you know how effective your pricing strategy is for all of your categories? At GPS, we have a global team of pricing experts who can consult with you to answer your burning questions about pricing strategy, assortment planning analytics, and other pricing related services. We have “been around the block” so if you need assistance implementing or running other pricing solutions, we’re fully qualified to help with that too.