2017 Certification Training

LEVEL 1 BASE PRICE OPTIMIZATION CERTIFICATION

Revionics will offer the Level 1 Base Price Optimization Certification at Insight 2017. The course will focus on a high overview of the Base Price Optimization Product, best practices and approaches.Level 1 is for beginners as well as advanced users that may need a refresher. Pre-registration is required. Space is limited. Certificate will be provided at the conclusion of the course, attendees who leave early will not receive certificate..

Prerequisites: Customers that have been on the application for more than a year.

Level 1 will focus on:

  • The definition of price optimization and how it leverages both rules and science to determine optimal base pricing
  • The various configuration components, features and capabilities of base price
  • Base pricing screens and their functionalities
  • Basic value measurement reports
  • Product Relationships
    • Private Label Gap
    • Price Per Unit
    • Price Families
  • New product enhancement features

 

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SUPER USER CERTIFICATION TRAINING BASE PRICING LEVEL II

Level 2 Base Price Optimization Certification Training is for Super Users that have passed Level 1 Certification Training. The session will include detailed slides and hands-on portal use with laptops provided. Attendees will have access to our Pricing Strategy and Science teams in an educational atmosphere. Pre-registration is required. Space is limited. Certificate will be provided at the conclusion of the course, attendees who leave early will not receive certificate.

Prerequisites: Completed Level 1 certification training.

This training class will focus on:

Product Groups

  • Use cases for base and seasonal KVIs including their analysis and configurations
    • Who should be involved in and who owns the Product Group item assignment
    • How frequently should they be updated and key triggers that drive an update
  • How many KVI’s are the right amount- taking into account item count (too many can erode profit, too few can erode price image), revenue impact and price image
    • Assigning strategies and configurations to KVI

Product Relationships

  • Private Label Gap (PLG)
    • PLG Index
    • PLG Range by Category
    • PLG Range by Sku
  • Price Per Unit (PPU)
    • Traditional PPU Approach
    • Constraint PPU Approach

Advanced Scenario Planning

  • Create category level price strategies or update existing ones
    • Setting a penny profit index
    • Min and max PLG and PPU constraints
    • Margin improvement or investment functionality
  • How do you best analyze and report upon changes to Configurations and Strategies
  • Updated features to base pricing module
    • Display science engine impact to price recommendations thru a managed view
    • Option to update current margin and profit when a cost is locked
    • Display CPI aggregate in price review

Performance Intelligence Reporting

Revionics continues to improve current PI reports as well as add new ones to help our customers monitor results. Listed below are some of the recently added reports and PI tool functionality we want to make sure our customers are aware of and know how to access them.

  • Price lift analysis reports
  • Value measurement dashboard Listed reports
  • Export compliance reports

 

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FEATURED BASE ENHANCEMENT TRAINING

Revionics will offer a new training session for the 2017 Customer Forum. In addition to Level 1 and Level 2 Base Price Optimization Certification, a new class focused on Base Price and Performance Intelligence ( PI ) past and present product release functions with broad market appeal. Pre-registration is required. Space is limited. Certificate will be provided at the conclusion of the course, attendees who leave early will not receive certificate.

Prerequisites: Completed Level 1 or Level 2 training.

Base Pricing

Did you know about these functions in Base Pricing Module?

  • Price family / style rollup
  • Tiered pricing
  • Pricing constraints filter option
  • Using global optimization to achieve margin, units, revenue, profit or goals
  • Use constraints to set floors and ceilings for your PLG and PPU groups
  • Display competitive price indexes in price review screen
  • Get an alert when your competition changes their retails
  • Additional advanced search options
  • Set price strategy by Vendor/Market Groups
  • Adjust forecast for promotional frequency

Performance Intelligence

Revionics continues to improve current PI reports as well as add new ones to help our customers monitor results. Listed below are some of the recently added reports and PI tool functionality we want to make sure our customers are aware of and know how to access them.

  • Price lift analysis reports
  • Value measurement dashboard reports
  • Export compliance reports
  • Average cost and retail trend reports
  • Saving reports in PI

 

Register Now