Predicting instead of correcting
The challenges of proactive pricing
The scope and coverage of historical data required to set a reliable model
The identification of all characteristics which could affect market prices
Simulation and forecast of product demand
Lizeo®.price science
Based on historical data (prices, sales volumes, etc.) and advanced statistics, we identify parameters that have a major influence on your market (external conditions, product characteristics, etc.). Then, we determine which one are most strongly correlated with your competitor product prices changes: these are the variables of your future model.
Final step is computed by artificial intelligence algorithms to create your own dedicated predictive pricing model: let’s now forecast what will be the next pricing move of your competition.
How does it work?
The benefits
Be “price” proactive instead of reactive by anticipating price adjustments
Get a better picture of what is influencing the price on your market
Set the right price for your new product launch
Determine where both your pricing opportunities and risks lie
Who is it for?
Marketing & Product Teams
Pricing Teams
Top Management
Would you like more information? Would you like a demo?
Let's work together to find the best approach to meet your company's needs.
