Assortment/Pricing Opportunities
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Tutorial: How Do I Read The Opportunity - Price Adjustment Summary Page?

 

This tutorial is interactive. To move to the next step, please follow the prompts showing you where to click, or use the < and > arrows along the bottom.

 

12 STEPS

1. This tutorial will teach you how to read and use the Opportunity: Price Adjustment summary page.

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2. You will see a Decrease Opportunity which highlights products that are poor performing within your assortment and are priced higher than your competitors.

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3. Below is your Increase Opportunity. This highlights products that are strong performing within your assortment and are priced lower compared to your competitors.

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4. Within each Increase and Decrease Opportunity will be a product summary card.

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5. The category table shows the products suitable for a price Increase or Decrease.

With the Dresses filter applied, the table will show any subcategories relevant, even if they weren't selected in the Opportunity set up.

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6. If you select specific subcategories, then only these will be considered in your category table.

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7. The Decrease category table features three columns, Product Count, Discount % and the Current Price Match % Difference, which is the percentage difference between your option's price and the average price of the competitor matched options.

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8. This Decrease category table shows that four Bodycon dresses have been identified for a price decrease, These four dresses have an average discount of 3.75% and are priced on average 15.80% higher than competitors.

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9. The Increase category table replaces the Discount % column with SKU sellout %.

A high SKU sellout % is a good indicator of strong performance.

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10. To the right of the summary card is the a preview of the products identified for a price Increase or Decrease.

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11. Hover for more information on the product.

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12. The bottom right of the summary card states the total number of products and categories found in the Opportunity.

You have now completed the tutorial.

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Here's an interactive tutorial

** Best experienced in Full Screen (click the icon in the top right corner before you begin) **

https://www.iorad.com/player/2521810/Pricing---Opportunities-Price-Adjustments---Summary-Cards