Price Guidance is a Pricefx accelerator intended to give guidance about the prices for a set of attributes like product type, customer segment, region, but also quantity or lead time. Price Guidance learns from historical transaction data to recommend a price-related value such as:
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Unit Price
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Price Index
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Margin %
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Discount %
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Unit Margin
It leverages modern and explainable machine learning so it can handle multiple pricing drivers, as a category or a number, including when data is limited in some areas. It provides also a solution for new or configured products while still showing which attributes drive the recommendation, as it decomposes each prediction into the contribution of each attribute.
In simple terms: Price Guidance helps pricing teams give sales more accurate, strategy-aligned recommendations and understand why a recommended price makes sense.
The use case is detailed in the Overview section, and the other sections explain how to use the accelerator.
In this section:
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Overview (Optimization - Price Guidance) -
Business User Reference (Optimization - Price Guidance) -
Admin User Reference: Installation (Optimization - Price Guidance) -
Technical User Reference (Optimization - Price Guidance) -
Logic Inventory (Optimization - Price Guidance) -
Release Notes (Optimization - Price Guidance)