Learn ways to achieve

25% higher availability
20% reduction in out of stocks and excess inventory
10% - 15% higher demand prediction accuracy than most alternatives

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We are excited to explore how we can add value to your demand sensing and inventory planning approach

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Pricing & Promotion Planning

Don’t leave it to chance, price and promote right to hit your revenue targets

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best demand planning software

Benefits you’ll enjoy with our pricing & promotion planning

Price Elasticity

Learn the price sensitivity of each SKU in every region to run promotions only where it matters

Demand is its own specimen, always evolving. Navigate the impact of your price changes on demand in real time.
Promotions Planning

Know how a deal, a 1+1 offer, and other promotions will influence your demand

Woo your customers with the right offers and discounts at the right time. With our promotion planning feature, build a promotion strategy that will maximize your revenue potential.
Price Optimization

Design the blueprint to achieve your revenue ambitions!

Ace your new product launch with our pricing & promotion planning feature by analyses look-alikes and substitute products by factoring in cannibalization, pricing, and placement
Liquidation Planning

Stock, don’t hoard!
Sell it while it’s still hot!

Move away from the predicaments of low demand & high inventory to the benefits of high demand & right inventory by following Kronoscope’s liquidation plan.

Moving the needle to your wishes with

between
15% - 25%
improvement in promotion linked predictions
up to
75%
reduction in promotional inventory
between
15% - 25%
ROI from improved sales, and lower inventory costs

Price and entice to sell more

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Model the impact of price changes and promotional activities on the overall demand  for a product at a very granular level with pricing optimization software. Leverage advanced AI & ML to calculate price elasticity for each of your products based on the price elasticity along with past promotional or price change events to accurately predict demand for any upcoming event.  With Kronoscope, demand planners can add promotions, offer for specific events, festival offers individually or in bulk, thereby capturing data on impact SKU segment, event type, event treatment, and date range and engage in efficient promotion planning. Pricing and Promotions planning can be instrumental in the liquidation of low-demand products to free up working capital, increase revenue and reduce losses due to overstocking.

Further, the pricing optimization planning feature can help you determine the right price point for the SKUs/Categories that you could  consider for discount/promotions. It’s done by setting your revenue goal along with margin constraints and the optimization engine will identify pricing scenarios that will maximize your chances of hitting your revenue goals. Powering the pricing optimization engine are price elasticity curves for every SKU and geography combination and the shape of the curve determines the sensitivity of any SKu towards price changes.. If the curve is flat it suggests that variation in price doesn’t affect the demand of the product, on the other hand a steeper curve suggests that the product is price sensitive & the demand will change when the price changes. 

Understanding this at SKU and geography level empowers you to plan your discounts and optimize your margins. This helps you make most of your liquidations sales by determining the optimized price points for your SKUs.

The scenario planning feature helps with the pricing and launch strategy for the New Product Pricing. Determining the impact of price changes on new products and on products that have never seen any price changes can get really tricky. In order to understand the impact any changes in price on the demand in such a scenario can help businesses determine the optimal price point.  Kronoscope uses a look alike based approach where the algorithms look for impact of price changes on other products under similar category to then use those learnings to estimate the impact for new


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The FAQs

Do we help in Promotion Planning?

Yes, Kronoscope, in its Events & Promotions module, allows demand planners to add events individually or bulk upload event plans, capturing data on the impact on SKU segment, event type, event treatment, and date range. Kronoscope’s AI engine utilizes an ensemble of multiple algorithms to factor in historical events data and future events calendars to find similar types of events and then predicts the demand uplift in the event period.

Kronoscope provides insights on a granular scale; once the historical event data and future promotions calendar is captured into Kronoscope, demand planners get a promotional uplift chart that showcases a baseline and forecasted demand for a particular SKU for an upcoming event. They also have an option to use their business know-how and judgment to refine the system's suggested recommendations.

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How do you help in strategic pricing?

Kronoscope’s AI engine has the capability to calculate price sensitivity at the most granular levels and forecast future demand based on such uplifts. This is done by establishing a price sensitivity curve established for each SKU, and geography combination to determine the impact of price change. Users with Kronoscope can formulate a strategy for the coming time period directly by editing the predictions chart. They can edit the price point and see what the adjusted demand would look like.

Additionally, Kronoscope can calculate and recommend price points based on a company’s wallet share/revenue targets, and margin constraints in order to maximize and meet revenue targets. It also recommends the percentage target that can be achieved with optimized pricing.

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How are we different from other pricing software?

Traditional rule-based pricing algorithms take into account only historical data to arrive at dynamic pricing. It does not factor in factors like seasonality, cannibalization, stockouts, holidays, weather, or competitor information to predict demand at various price points.

Furthermore, most pricing algorithms do not consider price elasticity, future revenue targets, or the maximum margin hit a business is willing to take to develop the most optimised pricing strategy that maximizes profits.

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Does Kronoscope Identify the crossover impact of promotions on products?

Yes, Kronoscope helps identify the crossover impact of promotions on any one SKU/menu item/category to other associated SKU/menu item/categories and establishes a visual correlation between the impact of promotions and demand making it an ideal demand planning platform for businesses.

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Can I see price sensitivity at the regional level?

Yes, Kronoscope’s AI engine has the capability to calculate price sensitivity at the most granular levels and forecast future demand based on such uplifts. This is done in the pricing and promotions planning module by establishing a price sensitivity curve established for each SKU, geography combination is used to determine the impact of price change.