5 Ways To Manage Retail or Wholesale Prices

1

• 5 Ways To Manage Retail or Wholesale Prices

2
What is retail pricing?
3
How to manage retail or wholesale prices

• Dynamic pricing
• Manufacturers pricing
• Keystone pricing
• Bundle pricing
• Offer pricing

4
Dynamic pricing

• This strategy requires retailers to consider
  market and economic conditions.
• Retailers optimize product prices according to
  demand and data-drive insights.
• Pricing products dynamically helps keep up with
  competitor prices.

5
Manufacturers pricing

• In this pricing strategy, manufacturers suggest
  product prices to retailers.
• It helps standardize product prices across
  multiple stores.
• The manufacturers pricing strategy saves
  retailers from analysing market conditions and
  pricing products dynamically.

6
Keystone pricing

• Retailers sell products at double the wholesale
  price using the keystone pricing strategy.
• The keystone pricing strategy proves to be less
  effective when products are widely available in
  multiple stores.
• Executing this strategy correctly rewards
  retailers with significant profits.

7
Bundle pricing

• In this strategy, retailers sell bundled up
  products.
• Bundling products sets a single price for
  multiple items.
• For example, apparel stores can sell a t-shirt
  and a pair of trousers for the same price.

8
Offer pricing

• In this strategy, retailers offer products at
  lower prices than competitors.
• It is an effective method of attracting
  customers.
• Retailers cannot sustain this strategy for long
  periods of time.

9
Get SmartPOS

• SmartPOS is a world-class, cloud-enabled POS
  system.
• It contains a plethora of modules for managing
  inventory, sales, accounting, employees, and
  more.
• SmartPOS allows you to set retail and wholesale
  prices at the click of a button.
• The software lets you change prices of a product
  universally across all your stores.

10
How to purchase SmartPOS

• Visit our site https//smartposwebcom/ to learn
  more
• Call our office in India at 91-44-6672888 or at
  91-7010989830
• Call our office in Germany at 49 (0)40 609 410
  932
• Alternatively, you can email us at
  info_at_smartpoint.in

11

• Thank you