Part 1 of this series expanded on some of TEC’s earlier articles about companies’ need for better pricing management and optimization practices. This series, which focuses on the complexity of pricing and promotions in retailing, was inspired by JDA Software’s recent “edu-nouncement” on leading retailers consumer-centric pricing and promotions strategies, and by Revionics’ recent (and still
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cloud to provide the advantages of public cloud computing (e.g., agility, quality of service, efficiency) while mitigating some of the issues with public clouds (e.g., security, compliance, integration, long-term costs). Pricing Benefits as a Summary The potential benefits of investing in lifecycle price optimization solutions that can set initial, promotional, and markdown plans (which include many factors such as consumer demographics, cross-product relationships and so on and so forth) are numerous.