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36
Pricing Optimization
Quicklizard Marketing Team

Dynamic Pricing for the CEO

Dynamic pricing is essentially a full-scale digital transformation that impacts a business’ most sensitive data point – its prices

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34
Pricing Optimization
Pini Mandel, Co-Founder & CEO

Are the Machines in Control of Dynamic Pricing?

As our customers get more comfortable with dynamic pricing, and start seeing increases in revenues and profits, they typically start to increase their trust in the system. User rules are used to define pricing strategy rather than to limit the AI component of the system

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33
Pricing Optimization
Quicklizard Marketing Team

Dynamic Pricing for the Procurement Team

Procurement teams have spent decades negotiating and making purchases based on the merchandise’s final selling price. However, the adoption of dynamic pricing means they are missing the sale price, a key component in their calculation

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32
Pricing Optimization
Pini Mandel, Co-Founder & CEO

Turning Over Last Year’s Models

While consumers always want the latest and greatest, retailers find themselves in a bind, wanting to clear their inventory of previous year’s models while capitalizing on the excitement of the newest models.

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31
Pricing Optimization
Pini Mandel, Co-Founder & CEO

Improving Profits in 2020 Through Price

Dynamic pricing, when done using a pricing engine like Quicklizards, relies on an 80%-20% method for price calculation. The 80% in this equation is the work handled by the AI algorithms and machine learning techniques.

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27
Pricing Optimization
Pini Mandel, Co-Founder & CEO

Does the Medium Matter?

It’s clear that the medium should have a large impact on the price presented to the customer.

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26
Industries
Pini Mandel, Co-Founder & CEO

Surge Pricing Your Taxi

The taxi’s surge charge is designed to maintain a balance between supply and demand. As the surge price multiplier increases, the number of people willing to pay the surge fee decreases. When done right, the result creates a perfect marketplace, where there are enough taxis to satisfy the demand.

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