The development of the software product Price Optimization involved a joint effort both from #beenear and also its partner, #Tekne, for more than 10 years, as the partnership is one of the longest and most prolific our company has, dating from our very beginning – from 2004. Today, the use of this solution is widespread in all the major Italian distribution chains.
With the use of Price Optimization, you can automatically generate the retail prices of consumer goods by reacting quickly to changes in the market and ensuring in the same time the respect of marginality and targets, taking into account the competitive positioning on individual local markets. The software runs with precision all the prices for all the items and provides, with the same accuracy, the future evolution of the market considering also the seasonality factor.
Regarding the technical aspects, the solution was created using HTML5 for the front end and JEE for the back end. The database used is ORACLE with the use of Stored Procedure based on PL/SQL language.