What if retailers could combine market data with key business metrics to uncover underlying trends -- and then leverage these insights to optimize business results? What if retailers could get answers to important questions such as: "How does my sales volume behave when my price changes are not aligned with market price movements?" or, "Which metrics influenced the effectiveness of my promotion?" Well, they can, using a new intelligence solution bridging the gap between merchants and full pricing automation that also facilitates pricing decisions by category managers. It's called Advanced Trending. Retail Intelligence leader Upstream Commerce recently unveiled their advanced trending solution.
The News Release:
Upstream Commerce Unveils New Advanced Trending Solution
New York, New York - Retail Intelligence leader Upstream Commerce today unveiled their new Advanced Trending solution, enabling retailers to uncover trends that control their critical business metrics, visualize, track and analyze the outcome of pricing automation, and harmonize interactions between automation and merchant decision making.
Reporting options of the Advanced Trending solution include combining market data with key business metrics to uncover underlying trends and leverage these insights for optimizing business results. "Retailers can now get instant answers to questions such as: 'How does my sales volume behave when my price changes are not aligned with market price movements?' or 'Which metrics influenced the effectiveness of my promotion?'" says Upstream Commerce co-founder and CEO, Amos Peleg.
"The great news", Peleg notes, "is that our Advanced Trending solution fully integrates with our existing automated pricing solutions: Dynamic Pricer™ and Predictive Pricer™. Category managers can now easily test the outcome of the rules they apply for pricing optimization to align execution with the organization's pricing and merchandising strategies".
About Upstream Commerce
Global retail intelligence leader Upstream Commerce offers SaaS-based intelligence and analytics solutions that transform the way retailers price, select merchandise, and manage products in order to maximize sales and optimize margins.
The Upstream Commerce Suite of Solutions empowers retailers to base all shopper-centric decisions on real-time market data. The Company's highly configurable, flexible, and user-friendly platform enables retailers to effectively manage their pricing strategy through accurately tracking and comparing product pricing, availability and promotions using price intelligence; optimizing pricing using dynamic pricing and predictive analytics; optimizing product selection using Assortment Intelligence; monitoring MAP; making relationships with suppliers better informed, and now, with Advanced Trending, bridging the gap between merchants and automation by providing visual causality insights.
To find out how Upstream Commerce delivers results to the largest and most innovative retailers in the world including Staples, ToysRUs, Petco, eBags, Benchmark Brands, top fashion retail entities, and many others, visit UpstreamCommerce.com or call 1-800-815-1842.
END OF NEWS RELEASE
For more information, you can go to UpstreamCommerce.com or call 1-800-815-1842.