Centric PLM
Pricing Optimization
Fashion & Apparel
Retail
Footwear
Outdoor & Sports
Consumer Goods
OEM & ODM Manufacturers
Home Décor & Furniture
Food and Beverage
Cosmetics & Personal Care
Consumer Electronics
Pricing Optimization
Drive Profitability with Real-Time
Price Optimization for Seasonal Goods
Leverage powerful AI technology to set pricing to influence demand for all products and categories. Optimize assortments, reduce inventory and increase sell through throughout the entire selling period.
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Companies Achieve Real Results with Price Optimization
Designed for the world’s top fashion, apparel and home brands and retailers including omnichannel, wholesaler and e-commerce.
6–18%
growth in sales
4-15%
improved gross margin
5-30%
reduced working capital
"Thanks to Centric’s AI automation tools, the markdowns happen sooner and in smaller increments. This results in a flatter reduction curve and in the end, a better margin in terms of the entire lifecycle of the product."
For us, the carbon score is first and the margin is second. So, before we even look at the margin, we will look at whether or not we’re achieving the carbon score that we set out for ourselves.
"Thanks to Centric’s AI automation tools, the markdowns happen sooner and in smaller increments. This results in a flatter reduction curve and in the end, a better margin in terms of the entire lifecycle of the product."
For us, the carbon score is first and the margin is second. So, before we even look at the margin, we will look at whether or not we’re achieving the carbon score that we set out for ourselves.
Grow sales and increase profit margin
Strategically manage demand through intelligent price changes to reduce surplus inventory, decrease working capital and sell more items for increased profitability.
Leverage AI
Achieve financial targets
Adjust pricing to increase sales of specific products or categories, shift slow-moving items and run more profitable discounting campaigns.
Automate
Predict financial impact
Quickly understand the financial impact of price changes at category, product or SKU level and drill down by geography and product hierarchy.
Respond to market demand in-season
Gain flexibility and agility and easily price products at granular level during the selling season, whether that is by country, sales channel or store.
Optimize Outcomes
Quickly analyze data
Effectively identify correlations between influencing factors and prices to make informed data-driven decisions.
Maximize Profitability
Automate decisions
Automate and optimize pricing decisions for every single product in all locations and channels.
Develop and execute consumer-centric pricing strategies
Adapt quickly to changing market conditions, consumer behavior and business needs to predict pricing throughout the year.
Accurately Predict
Keep customers happy
Move to forward-facing forecast predictions to ensure customers have the products they want in the places they expect to find them.
Run Profitable Promotions
Protect margins
Pinpoint the best discount prices for underperforming items, and when to roll out discounts to entice customers into buying.
Discover fast time to value for fashion, apparel and footwear brands and retailers
Make impactful real-time price changes along the entire pricing lifecycle
Lifecycle Pricing
Dynamic Pricing
Competitive Pricing
Lifecycle Pricing
Drive results and control the season by pricing strategically based on consumer demand and merchandise supply, from kicking off the selling season to product end of life.
Stimulate alternative pricing strategies
Understand relevant optimization strategies and rules
Optimal for seasonal products with a defined lifecycle start and end date
Benefit from higher sales and sell-through, and therefore higher gross margin
Dynamic Pricing
Quickly adjust e-commerce pricing for infinite stock items based on market response.
React in real time to current market condition
Predominately for e-commerce, integration is available to dynamically change prices in brick-and-mortar stores via electronic shelf labels
Optimize products with no seasonal end date
Improve revenue, margins and working capital with a high level of process efficiency
Competitive Pricing
Compare pricing against competitors for key items and automate price changes in response to competitor strategies.
Tap into the rich fashion data from Centric Market Intelligence which uses over 1 billion data points and an incredibly high level of accuracy to base competitive pricing strategies on
Quickly look up and match identical products across competitors with powerful image recognition tools, to keep on top of their pricing and discounting strategies.
Optimize key value items
Decrease inventory and lower markdown volume, leading to higher profits
Navigate the future with cutting-edge AI technology
Benefit from highly configurable dashboards with ‘white box’ AI which allows users to see, compare and override any predicted outcomes. Accept recommendations based on a confidence threshold to automate decisions so teams can focus on the exceptions. Manage more complexity with less effort while achieving strong financial results.
Automation
Automate or semi-automate across the entire pricing process to eliminate repetitive, manual tasks. Optimize pricing for 1000s of SKUs not just a handful of best sellers.
Transparency
Foster trust in the system through transparency, understand exactly how prices are calculated and view predicted impact of price changes.
Flexibility & ease of use
Benefit from human-led AI for smarter and quicker pricing decisions but intervene at any time to flexibly adjust the degree of automation.
Our Pricing & Inventory platform delivers real impact through predictive, fast decision making. Learn how.
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A flexible and scalable digital foundation for growth
Explore Centric’s AI market-driven solutions
Optimize each step of bringing a product to market, whether at the pre-season, in-season or end-of-season cycle. Streamline processes, reduce costs, maximize profitability and drive sustainability.
Centric PLM
Reduce costs and time to market. Improve collaboration to get products to market fast while improving sustainability with market-leading product lifecycle management.
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Centric Planning
Build and execute your Merchandise Financial Plan and develop assortments to boost margins, improve forecasting and optimize results with powerful, AI-driven retail planning.
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Centric Pricing & Inventory
Automate pricing decisions for all products across categories and channels and optimize allocation and replenishment to increase margins, revenue and sell-through.
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Centric Market Intelligence
Gain insights into competitor assortment and pricing strategies, understand consumer trends and buying behavior and spot market opportunities.
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Centric Visual Boards
Boost marketing, merchandising and design collaboration and optimize assortments with highly-visual and data-connected digital boards.
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