Consumer Goods
The hurdles: consumer price pressure, product proliferation and falling category share. The data science-powered springboard to success: PROS predictive analytics.
The challenges facing consumer goods companies can make driving top and bottom-line results simultaneously seem impossible.
There’s one way to win: PROS smart science solutions delivering the perfect blend of simplicity and machine learning-infused AI. Now your category teams gain a huge advantage over the competition by pricing and selling based on lightning fast, algorithm-based insights.
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Solutions
Big revenue growth in store for consumer goods
Global competition, decreasing trade barriers and raw material cost fluctuations impact your bottom line every day. PROS predictive analytics provide the tools to master consumer goods in an overcrowded, sluggish market by automating pricing and accelerating the process of converting prospects to customers.
Control returns from current and future trade spend to positively impact top and bottom-line results simultaneously.
Create consistent pricing decisions around supply and demand to realize your true growth and profitability potential.
See clearly into specific channel-profit drivers and partner margins to empower confident decision making.
Explore The Full PROS Commerce Platform
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Price Management
Helps companies manage a centralized, strategic, coordinated approach to pricing and leverages technology and artificial intelligence to ensure every price is optimized for real-time conditions.
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Price Optimization
Empowers companies to deliver optimized prices within customer’s willingness-to-pay window for every unique buying interaction, and increases profitability by eliminating over-discounting practices.
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Real-Time Pricing Engine
Enables companies to keep up with the speed of eCommerce by delivering instant prices through real-time price calculations that incorporate the latest market information to provide personalized and competitive prices.
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CPQ: Configure Price Quote
Accelerates sales responsiveness by automating the quoting process for spot orders, subscriptions, and sales agreements, enabling sales teams to respond with personalized, prescriptive offers and recommendations in minutes.
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Opportunity Detection
Increases account penetration by illuminating new sales opportunities in existing accounts and reduces customer churn by proactively alerting sales of accounts with declining product revenue.
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eCommerce
Enables businesses to capture eCommerce market share by delivering self-service experiences to buyers where they can find and configure the right products and services with prices that are optimized for real-time market conditions.
All Powered by Proven AI and Highly Secured Cloud Infrastructure
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Revenue Management
Grow revenue given increasing complexity of your network with AI-powered forecasting and optimization
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Real-Time Dynamic Pricing
Manage high volumes with scalability while maintaining accurate, real-time availability across all channels.
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Group Sales Optimizer
Accelerate revenue from group businesses with dynamic pricing while balancing the needs of sales and Revenue Management.
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Shopping
Power flexible and transparent pricing and shopping while growing the share of online sales and managing huge search volumes
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Merchandising
Upsell ancillary products and services at any time in the traveler journey, from any device through personalized, dynamic offers
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Retail
Create a more flexible, customer-centric shopping and booking experience via web across devices
All Powered by Proven AI and Highly Secured Cloud Infrastructure
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Price Management
Helps freight carriers, asset-light 3PLs, and all other T&L companies to manage a centralized, strategic, coordinated approach to pricing and leverages technology and artificial intelligence to ensure every price/rate are optimized for real-time conditions.
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Price Optimization
Empowers T&L companies to optimize prices, route score, duration, margin, or whatever is most important for them, within the customer’s willingness-to-pay window for every unique booking interaction.
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PROS Quoting
Accelerates T&L companies’ responses to quote requests and spot deals and informs them how likely they are to win the deal at the quoted price. It also enables buyers to find and configure services that fit their needs and harmonizes commerce strategy so that they can seamlessly move through multiple channels.
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Real-Time Pricing Engine
Enables T&L companies to keep up with the speed of eCommerce by delivering instant prices/rates through real-time calculations that incorporate the latest market and carrier network information to provide personalized and competitive offers.
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PROS Opportunity Detection
Increases account penetration by illuminating new sales opportunities in existing accounts and reduces customer churn by proactively alerting sales of accounts with declining product revenue.
All Powered by Proven AI and Highly Secured Cloud Infrastructure
Real results
NORTH AMERICAN PAPER MANUFACTURER REDUCES TIME TO MAKE PRICING CHANGES BY 80 PERCENT
The product line pricing strategy for this paper manufacturer wasn’t keeping pace with the growth of its business. Their existing processes used several tools and different data sources, and the data didn’t always match. The company needed a focused pricing strategy across the organization and a reliable, standardized source for analytical data that was integrated with SAP.
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