In your retail business, you need to optimize price and revenue management to ensure profitability and lower costs.

Revenue and price management helps you optimize and manage prices throughout the product life cycle. You can use SAP solutions to manage initial pricing, as well as promotional, markdown or clearance pricing.

For optimal price management, you can adjust to be consistent with your retail business's unique customer demand. You can either change prices for individual items or via automatic mass maintenance based on:

• Prespecified dates
• By item
• By store
• By zone
• By region

With price management software from SAP, you can also download prices to stores with start and end dates, along with times for automatic management of the complete pricing cycle.

In addition to price management software, these other processes may interest you:

Multichannel retailing Store management Category management Price optimization

Inventory management Sales order management Transportation management Warehouse management Point-of-sale software