5 Ways To Manage Retail or Wholesale Prices - PowerPoint PPT Presentation

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5 Ways To Manage Retail or Wholesale Prices

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This strategy requires retailers to consider market and economic conditions. Retailers optimize product prices according to demand and data-drive insights. Pricing products dynamically helps keep up with competitor prices. – PowerPoint PPT presentation

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Title: 5 Ways To Manage Retail or Wholesale Prices


1
  • 5 Ways To Manage Retail or Wholesale Prices

2
What is retail pricing?
3
How to manage retail or wholesale prices
  • Dynamic pricing
  • Manufacturers pricing
  • Keystone pricing
  • Bundle pricing
  • Offer pricing

4
Dynamic pricing
  • This strategy requires retailers to consider
    market and economic conditions.
  • Retailers optimize product prices according to
    demand and data-drive insights.
  • Pricing products dynamically helps keep up with
    competitor prices.

5
Manufacturers pricing
  • In this pricing strategy, manufacturers suggest
    product prices to retailers.
  • It helps standardize product prices across
    multiple stores.
  • The manufacturers pricing strategy saves
    retailers from analysing market conditions and
    pricing products dynamically.

6
Keystone pricing
  • Retailers sell products at double the wholesale
    price using the keystone pricing strategy.
  • The keystone pricing strategy proves to be less
    effective when products are widely available in
    multiple stores.
  • Executing this strategy correctly rewards
    retailers with significant profits.

7
Bundle pricing
  • In this strategy, retailers sell bundled up
    products.
  • Bundling products sets a single price for
    multiple items.
  • For example, apparel stores can sell a t-shirt
    and a pair of trousers for the same price.

8
Offer pricing
  • In this strategy, retailers offer products at
    lower prices than competitors.
  • It is an effective method of attracting
    customers.
  • Retailers cannot sustain this strategy for long
    periods of time.

9
Get SmartPOS
  • SmartPOS is a world-class, cloud-enabled POS
    system.
  • It contains a plethora of modules for managing
    inventory, sales, accounting, employees, and
    more.
  • SmartPOS allows you to set retail and wholesale
    prices at the click of a button.
  • The software lets you change prices of a product
    universally across all your stores.

10
How to purchase SmartPOS
  • Visit our site https//smartposwebcom/ to learn
    more
  • Call our office in India at 91-44-6672888 or at
    91-7010989830
  • Call our office in Germany at 49 (0)40 609 410
    932
  • Alternatively, you can email us at
    info_at_smartpoint.in

11
  • Thank you
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