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IBM DemandTec Price Optimization Update Process

Currently no upcoming Class Dates

Description

This hands-on course teaches you how to maintain prices once the Price Optimization solution suggested prices are in stores.

Objectives

  • Set up new data thresholds to control where new data is sent in solutions
  • Approve of new data
  • Attribute new products
  • Link products together for forecasting purposes
  • Explain Price Update triggers and rules used during the price update process
  • Input Price Update thresholds
  • Conduct a Price Update
  • Review updated prices and send those prices to stores
  • Explain when to remodel or reoptimize a category

Audience

This basic 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 Update Process.

You should:

  • Have some experience using web browsers, the internet and Microsoft Windows operating systems
  • Be able to navigate a GUI environment
  • Have experience working with spreadsheets and reports.

As you work through the concepts and tasks, it is assumed that you are familiar with Microsoft Excel; although this will not be a blocking issue to learning.

Duration

1 days

Topics

  • Setting up new data thresholds to control where new data is sent in solutions
  • Approval of new data
  • Attribution of new products
  • Product linking for forecasting purposes
  • Price Update triggers and rules used during the price update process
  • Inputting Price Update thresholds
  • Conducting a Price Update
  • Reviewing updated prices and send those prices to stores
  • When to remodel or reoptimize a category

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