DEMAND FORECASTING MADE EASY
Use the Price Simulator to plan scenarios, forecast demand, compare outcomes, and confidently implement profitable pricing decisions.
Forecast demand and profitability for different pricing scenarios
Setting prices without proper planning can lead to missed revenue opportunities and reduced profit. With Pricen’s Price Simulator, you can forecast demand and simulate various pricing scenarios before making final decisions.
Simulate pricing outcomes easily
Effortlessly test and refine your pricing strategies with Pricen’s intuitive Price Simulator. Forecast demand, create and compare multiple pricing scenarios, and make informed, profitable decisions with high confidence. Our user-friendly tool 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 sets, discount levels, price baskets or product mixes. Mix these with different timelines 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 forecasted 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
Pricen’s Price Simulator stands out as the top choice in the retail and ecommerce sector, offering exceptional customization for various demand forecasting scenarios. It allows you to directly compare outcomes across multiple scenarios side by side, providing clear insights into different pricing setups. Integrated seamlessly with all your pricing strategies within Pricen, the price simulator is a must-have tool for your pricing workflows.
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.
