Consolidate all your pricing data into one unified source and identify anomalies and outliers.
Many large Freight & Logistics firms have grown through long histories of acquisition of businesses, customers, and technology systems. As a result, understanding pricing agreements and methodologies is a complex and resource-consuming task. Often, agreement details are hidden in contracts or local depot arrangements, or in byzantine legacy systems. Consequently, just trying to get an accurate picture of pricing across customers, products, lanes, and service modes is a complex process, let alone trying to develop consistent pricing improvement strategies and putting them into practice.
Our solution captures pricing data from multiple source systems, including contracts, and consolidates it to present a unified picture of pricing across multiple dimensions. It allows easy interrogation of the consolidated pricing dataset, exposing anomalies such as legacy arrangements that need to be brought into line with current standards. Able to compare between categories or portfolios, the solution significantly improves pricing management, whether your company runs an annual or ongoing price change and contract renewal process.
Key features
- Consolidates pricing methodologies and prices across all customers, products, lanes and so on.
- Presents pricing information in a unified analysis environment
- Smart data extraction from legacy source systems and contracts
- Tracks pricing history across multiple years
Benefits
- Easily identify customers who are exceptional compared to their peers or customers at-large
- Unified pricing environment allows for contrast and comparison between dimensions, including peer group analysis
- Identifies pricing anomalies across dimensions and peers, including exceptionally high/low pricing, and highly unique or unorthodox pricing agreements
- Track price changes across years to ensure compliance