In today’s fast-paced logistics and transportation industry, setting the right price is crucial for success. One wrong move can impact profitability and customer retention. That’s why we are thrilled to introduce the latest evolution of our platform: Open Pricer version 11. Designed with our customers’ needs at the forefront, v11 empowers businesses to achieve unparalleled accuracy and efficiency in their pricing strategies.
Enhanced Accuracy with Fair Price Studio
At the core of Open Pricer’s success is our industry-leading Fair Price model. This sophisticated system leverages your data to drive profitable growth, reflecting individual strategies, forward costs, and customers’ willingness to pay. With v11, we’ve taken Fair Price to the next level. Introducing the Fair Price Studio, you can now autonomously simulate changes to model factors before activation. This game-changing feature allows pricing analysts to make informed decisions with confidence, all within the tool.
Moreover, v11 offers Fair Price by band, enabling differentiation by weight band or zone for more granular price recommendations. We’ve also added discount setting and analysis by cell within Fair Price, equipping your sales team to win deals and retain business.
Data-Driven Insights with Bridge Analysis
Bridge Analysis enables side-by-side comparisons of revenue for different time periods to understand margin changes. It breaks down these changes into effects like new/lost customers, mix shifts, volume, and price variations, even at the subsegment level, using a Bridge Waterfall Analysis. Users can interactively drill down into performance by dimensions like sales team, product, or customer size. This allows for faster, smarter decisions by analyzing the impact of pricing strategies on profitability and customer behavior, providing actionable recommendations.
Rerating Campaign Enhancements
Unlock greater control and precision in your pricing strategies with our latest update. Effortlessly define and implement complex rerating rules using intuitive building blocks, enabling you to quickly adjust pricing based on customer behavior, segment, or specific product attributes. This means you can optimize margins, tailor offers, and drive revenue growth more efficiently, all while ensuring the right information is visible to your team for informed decision-making.
Product Grouping for Contract Performance
Now, you can easily group products in Contract Performance dashboards to analyze key performance trends. Evaluate performance on product groups like domestic vs. international or B2B vs. B2C. Spot discrepancies between customer contracts and actual shipment profiles quickly. Analyze revenue gaps per product group for better contract insights. This feature empowers you to make strategic decisions based on aggregated product performance data.
Greater User Autonomy and Improved Workflow Management
We understand that workflow management is critical to your quoting process. That’s why Open Pricer version 11 introduces an all-new interface for adjusting admin workflows. You can now easily display your sequence of events in a comprehensive way, giving your pricing admin users greater autonomy and control. This is just the beginning, as we plan to further enhance this feature in future releases.
Modernized Interface and Robust Security
User experience is paramount. v11 boasts a variety of modernized interfaces, screens, and buttons, particularly in the admin sections for price policy and lists. We’ve also conducted technical migrations and security updates to keep our technical stack current and ensure the confidentiality of your data.
The Future of Digital Pricing in Logistics
Open Pricer v11 solidifies our position as the market leader for digital pricing solutions in logistics and transportation. With enhanced accuracy, greater user autonomy, and a commitment to continuous improvement, we are empowering businesses to thrive in an ever-changing environment.
Contact us to discuss your digital pricing transformation journey. Open Pricer meets you where you are and takes you where you want to go!
Check our latest insights shared at Leaders in logistics: Summit 2024
Learn more on Open Pricer’s Fair Price Model
Learn more on our latest partnership with Loggi in Brazil
