SEATTLE--(BUSINESS WIRE)--Retail Intelligence leader Upstream Commerce, today, at SHOP.ORG's 2014 Retail Summit in Seattle unveiled their new automated price optimization solution -- Predictive Pricer™ -- enabling retailers to set optimal prices on millions of SKUs based on demand prediction analytics.
"We listened to our clients and learned that traditional pricing practices fail in the current competitive, real time retail market with shoppers having full visibility for prices," says Amos Peleg, Upstream Commerce CEO and Co-Founder. "We recognized that new approaches to pricing were called for, and we are proud to introduce them today."
"Using advanced statistical and predictive analytics capabilities, we developed pricing algorithms to tell retailers how to price right on any given day or event for optimal sales and profits," Peleg continued.
"For the first time, retailers can benefit from one fully integrated suite that combines the best competitive intelligence data on the market with a predictive pricing engine that was built from the ground up to handle the extremely dynamic market. No other company provides such a solution," Peleg adds. "Along with our Dynamic Pricer™, lifecycle and promotional intelligence, as well as our Map Monitor™, we now offer the most complete solution to help retailers consider market conditions in their shopper-centric decisions," Peleg concludes.
For details and demos, call (800) 815-1842.
About Upstream Commerce
Global retail intelligence leader, Upstream Commerce, offers SaaS-based intelligence and analytics solutions that transform the way retailers price, select merchandise and manage products in order to maximize sales and optimize margins.
The Upstream Commerce Suite of Solutions empowers retailers to base all shopper-centric decisions on real-time market data. Their highly configurable, flexible, and user-friendly platform enables retailers to effectively manage their pricing strategy through accurately tracking and comparing product pricing, availability and promotions; pricing dynamically; optimizing product selection; monitoring MAP; making relationships with suppliers better informed, and now, price predictively for optimal sales and profit.
To find out how Upstream Commerce delivers results to the largest and most innovative retailers in the world, including Staples, ToysRUs, Petco, eBags, Benchmark Brands, top fashion retail entities, and many others, visit www.UpstreamCommerce.com or call 800-815-1842.