PowerPrice
An intelligent price and inventory management system
PowerPrice is a powerful tool to manage prices and sales.
How it works: 1. Computer vision system in seconds reads the information from shelves: (SKU, price tag) and sends reports to the system for analysis. 2. The system calculates the demand elasticity curve: it determines what level of demand, profit and revenue will be obtained with different pricing options. 3. Based on the input data and the specified pricing strategy, the system determines the best price for the product. 4. For each SKU there is detailed sales analytics available, which allows to monitor key indices and timely change pricing strategy to increase sales effectiveness
