Simulation

The annual price adjustment, the passing on of increased costs for a product family or the price increase of individual sales hits – there are numerous occasions to change prices. They all have one thing in common: direct impact on margins and profits as well as quantity and customer satisfaction.

Nueprice supports the price adjustment process by simulating different scenarios. In this way, possible effects on important key figures can be estimated respectively calculated in advance. In this way, alternative courses of action can be compared and the best option selected.

The prices of the selected alternative can be exported or applied in nueprice.

In this simulation, an item group is assigned the strategy “Never decrease, automatically increase” (price recalculation based on cost changes) and an additional 1.5% price increase. The effects can be analysed in advance.