Revolutionizing Business Outcomes: Soaring Profits Through Advanced Pricing Strategy

February 2024

S5 Consulting together with the customer initiated a project to enhance the pricing process. The goal was to upgrade the existing, on-premise pricing tool to a more adaptable, cloud-based solution.

We see that the upgrade to the pricing architecture has yielded significant achievements: notably enhanced price optimization, increased revenue and gross profit, reduced processing delays for faster market entry, and smoother operations

The details

The need

Enhancing pricing process to manage everyday price changes in a way that allows keeping up with competitors and staying customer-focused at the same time. The purpose of the project was to upgrade the existing pricing tool but at that moment there were no guidelines or rules about discovering and designing solutions so we analyzed the current approach to improve it.

Our solution

The project aimed to move the existing tool from the on-premise solution to the cloud-based one. The whole solution was written based on modern programming techniques ensuring the highest quality, robustness, and scalability. Data selection and processing was based on the highly efficient Core Data Services. The creation process was focused on contact with business users to understand and provide solution according to their needs.

Technologies:

Results

  • Improving the current architecture
  • Price optimization delivering a substantial increase in revenue and gross profit from the newly introduced business areas
  • Less processing delay gives decreased time to market and smoother working processes
  • Efficient, robus, and scalable solution for data exchange between source systems and the pricing strategy tool

Retail Industry Leader

A prominent cooperative retail chain in Norway, which is part of a larger Scandinavian network, owned by its members who benefit from the company's profits and have a say in its operations. This entity covers a variety of retail formats, including supermarkets, hypermarkets, and convenience stores, offering a wide selection of food and non-food items. It is committed to sustainable and ethical business practices, with a focus on environmental responsibility. Playing a significant role in the Norwegian retail market, this cooperative is distinguished by its business model, which aims to benefit its members and the community.

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Terje Pedersen

Expert Consultant and Founder

+4793008884
terje@s5con.no

The whole team

Piotr Pordzik

Senior SAP ABAP & S/4HANA Developer