by JDA Software - Global
Optimize Pricing with Precision, Intelligence and Automation
Luminate Pricing leads the way in optimizing pricing across the product lifecycle, with a more granular decision-making level than humans are capable of. Powered by artificial intelligence (AI) and highly honed machine learning (ML), it understands the influencing factors and makes optimal pricing decisions.
- Strategic Optimization - users define the desired strategic output which the machine executes against, encouraging high levels of automation
- Predict Price Elasticities - utilize advanced ML techniques to identify changing local price elasticities.
- Forecast Demand - use location demand forecast to understand likely customer behavior at given price points over the life of the clearance
- Optimize Decisions - over the product’s clearance period factoring in inventory, alongside the business strategy and rules for price consistency.
- Automated Pricing - automated price update process allows for improved pricing cadence and frees up resources to focus on the strategic assortment planning tasks.
- Improved margin
- Reduced waste
Blue Yonder is the world leader in digital supply chain and omni-channel commerce fulfillment. Blue Yonder’s intelligent, end-to-end platform enables retailers, manufacturers and logistics providers to seamlessly predict, pivot and fulfill customer demand. With Blue Yonder, you can make more automated, profitable business decisions that deliver greater growth and re-imagined customer experiences. Blue Yonder's end-to-end solution portfolio aligns directly with Microsoft's industry priority scenario of resilient supply chains.