360pi zone pricing insights deliver optimized JDA price recommendations for localized markets.
Scottsdale, AZ – November 3, 2014 – Today, 360pi, the leader in competitive price intelligence for retailers and brands, and JDA Software announced a relationship to optimize local pricing recommendations for retailers. This partnership integrates 360pi’s zone-based pricing intelligence for national and private label brands with JDA’s rules-based Strategic Pricing solution, part of JDA’s larger Price and Promotion Management portfolio. JDA’s Strategic Pricing solution converts 360pi’s competitive pricing intelligence into internal pricing rules, which retailers then use to right-price their assortment helping them efficiently and effectively navigate retail pricing in competitive markets.
“Retailers struggle to define item-level, localized pricing that adheres to corporate brand image and category strategies leading to lost margin opportunities and damage to brand equity,“ said Dan Groneck, vice president of product management at JDA Software. “Integrating JDA’s solutions with 360pi’s zone pricing insights enables our mutual customers to establish and realize localized pricing that delivers increased margins, sales, brand value and customer satisfaction.”
“Stores are local, competitors are regional, and brands are national, while omnichannel shoppers are all three. The challenge for retailers is how to navigate localized market dynamics to convert shoppers, optimize margins, and maintain a positive and consistent brand image”, stated Alexander Rink, CEO of 360pi. “We are extremely pleased to work with acknowledged retail powerhouse JDA to help retailers effectively navigate the omnichannel landscape to realize increased margins and revenues.”
360pi derives profitable insights from product and pricing big data to help leading omnichannel retailers, etailers, and manufacturers compete and win in a price transparent world. 360pi’s customer base accounts for over $US100 billion in annual retail sales and includes Ace Hardware, Build.com, Overstock.com, and RIS Fusion award-winner Best Buy Canada. 360pi monitors millions of products with unprecedented accuracy to give retailers and manufacturers real-time visibility into the market with full awareness of the competitive pricing landscape to “right price” to their respective customers. Ultimately, 360pi helps customers make smarter pricing decisions to drive increased revenues and margins.
About JDA Software
At JDA, we’re fearless leaders. We’re the leading provider of end-to-end, integrated retail and supply chain planning and execution solutions for more than 4,000 customers worldwide. Our unique solutions empower our clients to achieve more by optimizing costs, increasing revenue and reducing time to value so they can always deliver on their customer promises. Using JDA, you can plan to deliver. www.jda.com
360pi Media Contacts
Ketner Group PR + Marketing (for 360pi)
(613) 562-2525 x 511
JDA Public Relations Contact:
Senior Director, Corporate Communications, JDA
1 (857) 305-8352