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IBM DemandTec Price Optimization Advanced

Currently no upcoming Class Dates

Description

The DemandTec Price Analytics Advanced session discusses new topics and some concepts covered in Price Analytics Basics training, but are rarely retained by Basics course participants.

You are given a pre-course survey to complete to ascertain knowledge on DemandTec Price Analytics features. This helps the trainer customize the first module or ''review'' for your participants.

Objectives

  • Use new features introduced to the Price Optimization solution and Open Link Platform
  • Utilize available price and cost types
  • Explain how a scenario is solved within the solution
  • Use rules creatively
  • Infer rule usage in pricing actions
  • Create Price Zones
  • Implement advanced Override possibilities
  • Create Save As and Custom reports
  • Create and delete Competitors and competitive data sets
  • Describe impacts of Average Discount on product-level results
  • Interpret the Rule Relaxation algorithm
  • Set automated features such as Scenario auto-deletion, Price Update, and Product Status

Audience

This advanced course is for Pricing Analysts, Pricing Managers, Category Managers, Pricing Executives or Sponsors, Manufacturing representatives or managers, and associated professionals.

Prerequisites

IBM DemandTec Price Optimization Basics is the prerequisite course to IBM DemandTec Price Optimization Advanced.

You are given a pre-course survey to complete to ascertain knowledge on IBM DemandTec Price Optimization features. This helps the trainer customize the first module for you.

Custom modules can be created using your production environment or your processes at an additional cost.

You should have:

  • Attributed at least 2 categories using the PIF and the IBM DemandTec OpenLink application.
  • Previously created data (either through manual entry or Excel file import) to support the following rules: Line Group, Size, Brand, Competitive, Pre-price and CPI.
  • Run at least 10 scenarios on a single category using the DemandTec Everyday Price Optimization application.
  • Experience working with Microsoft Excel spreadsheets and reports

Duration

2 days

Topics

  • New features introduced to the Price Optimization solution and Open Link Platform application
  • Different price and cost types available
  • Explain how a scenario is solved within the solution
  • Creative use of rules and how rules are used in pricing actions
  • Creation of new Price Zones
  • Advanced Override possibilities
  • Creation of Save As and Custom reports
  • Ways to delete or create Competitors or competitive data sets
  • Impacts Average Discount can have on product-level results
  • The Rule Relaxation algorithm
  • Setting automated features such as Scenario auto-deletion, Price Update, and Product Status

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