DEMAND FORECASTING MADE EASY
Use the price simulator to forecast and compare pricing scenarios.
Forecast profitability for different pricing scenarios
Setting prices without proper planning can lead to missed revenue opportunities. The Price Simulator helps you predict demand at different price points, making it easier to find the perfect price for your products, schedule you inventory, and maximize your revenue.
Simulate pricing outcomes easily
Create and compare multiple pricing scenarios side by side, and make informed, profitable decisions with high confidence. Our user-friendly simulator empowers you to anticipate market reactions, optimize prices, and align your pricing strategy with your business goals – all without the guesswork.
Create scenarios as you want
Test multiple pricing levels, discount levels, price baskets or product mixes. Compare different schedules and see how each scenario impacts profits, sales volume, or market share, and choose the best path forward.
Finetune scenarios
Refine your price simulations based on insights from your initial tests. Adjust price points, promotions, or product assortments until you’re confident in the strategy’s effectiveness. Use different covariates for the AI, like marketing spend, product page visits or foot traffic to enhance the accuracy.
Compare live results to saved simulations
After implementing your chosen pricing scenario, monitor the live performance against saved forecast. Validate predictions, learn from discrepancies, and continually improve your pricing approach.
A Pricen customer’s campaigns resulted in over 35% increase in profit, matching Pricen’s predicted outcome with less than 5% from the gross profit.
“Really powerful as it has almost doubled our net profits.
Pricen has definitely made it easier for our merchandisers to perform their daily activities. Pricen’s product has increased our gross profit by about 10%, and our net profit by just about 10% as well which is really powerful as it has almost doubled our net profits.”
Justin Zarabi Director, New Business Development, FAM LLC
Who should use the Price Simulator?
Category managers
Validate product and category level promotional plans.
Marketing departments
Align marketing campaigns with discounts that have already proven effective in simulations.
Supply chain teams
Anticipate inventory needs based on predicted sales volumes.
Purchasing teams
Negotiate better terms with suppliers, using pure demand and market situations to improve your negotiation position.
Why choose Pricen
The Price Simulator stands out as the top choice for retailers as it offers exceptional customization for various forecasting scenarios. It allows you to directly compare outcomes across multiple scenarios side by side, providing clear insights into different pricing setups. Fully integrated with your existing pricing strategies in Pricen, this tool is an essential part of streamlining your pricing process and making smarter decisions.
Go live with one click
Set prices live instantly or schedule them for future implementation based on your predictions.
High quality analytics
Our dedicated data team ensures that every insight is based on the most advanced and reliable technology.
Simple and intuitive
We understand that pricing can get complex, which is why we've designed Pricen to be straightforward and user-friendly.
Our partners
Explore our other solutions
Pricen is a full solution for retail pricing operations. From base price setting to markdowns, we got you covered.
