
Pricing Tool
PRICING~Pro
PRICING~Pro is the answer to challenges centred around pricing – especially when it comes to quoting for new product development (NPD) or preparation or submissions of RFQs and benchmarking.
From reading the pulse of the market to gauging the customer’s reaction to the pricing point, a company’s management needs to get the pricing right. For this, information from multiple internal departments and the external business environment has to be analysed as well.
Managing and controlling costs is essential to achieve business growth. Pricing software is used by every business organization to keep track of everyday price changes, set the product cost or price, and perform cost-related operations. Among the top-rated pricing software used, Pricing Pro provides excellent features to make certain that the entire process of quoting is simplified.
PRICING~Pro is a tool designed to simplify the entire process of quoting for NPDs / variants.
Benefits of Using Pricing Tool
- Seamless management of the entire process of quoting and numerous iterations of price revisions that follow
- Bases price negotiation on the right data gives an edge in negotiations
- Enhances credibility through institution of a quoting process that is transparent and reliable
- Improves profitability by gleaning information of the prices at which orders are profitable
- Keeps track of price history to analyse price changes
- Reduces TAT for RFQ processes significantly




What is Pricing Tool?
A product-pricing tool is a software preferred by retailers and business organizations to set and compare product prices, analyze price changes, develop an appropriate product pricing strategy, calculate, manage, and handle price or cost-related operations, and make informed ,wise decisions when it comes to product pricing.
By keeping track of the market price fluctuations using the pricing software, every business operator and retailor can improve sales, which in turn contributes towards the growth and profitability of the business.
Pricing Software Features
Pricing Pro, the Product pricing tool provides accurate costing solutions for customers when quoting a new product.The excellent features make the software tool compatible with performing the required costing operations. Here are the features of the Pricing Pro tool that simplifies the entire process of quoting.
- Simple to use web-based solution with system controlled dynamic business process flow
- Enables multiple-levels of access for different users with sequential or parallel process
- Simulation / sensitivity analysis provides a glimpse of the potential impact of change in process parameters, material prices, and exchange rate fluctuations
- Supports import of master & transaction data (e.g. BoM, RM, OH rates) through excel sheets / integration with SAP and other ERPs
- Facilitates contribution, cost, and profitability analysis
- Dashboards to track status & view complete history of enquiries
- Provides for calculation of interest on working capital and customer-specific costs like freight outwards & packing, discounts/rebates
- Provides multi-currency option to facilitate quoting for potential foreign buyers and suppliers of inputs
For every business organization that expects best-in-class pricing solutions, Pricing Pro software is the precise choice. The pricing automation tool simplifies the pricing operations and delivers the best business outcome in terms of revenue, especially in the areas of new product development.
PARAMETERS COVERED
- Hourly rates
- Cycle time
- BOM norms and rate
- Base metal rates
- Scrap rate
- Marketing and admin costs
- Discounts and royalty
- Currency exchange rates
- Interest rate and credit days
- Margin (percentage or value)
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Pricing tools typically predict, optimize and implement strategies for a business's services.
Pricing is the process whereby a business sets the price at which it will sell its products and services and may be part of the business's marketing plan. The software that facilitates this entire process is Pricing Software.
This depends of the type of product and the market the company operates. Normally varies from Region & country & whether the target customer is B2B or B2C.
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