In a highly competitive market, setting attractive prices is crucial to win customers across different pharmaceutical product categories. This is compounded by the challenge of fluctuating costs, which can make it difficult to determine consistent and profitable prices.
Aprix’s software delivers significant results in a short time after implementation. Below is a case study of a consumer goods company that is a client of Aprix.
Efficiency in management
With Aprix’s system, the automation of process steps removes obstacles in the tasks performed by the pricing team. Standardization of files and automated data collection shorten the manual execution of the process and reduce the error rate.
Intelligent optimization
Aprix’s algorithms are based on statistical models that favor accurate decision simulation. Automatic checks also speed up decision-making by easily detecting inconsistencies and errors.
The following pain points were identified in the pricing process of a pharmacy chain:
Difficulties in Decision Making
Reactive pricing with a weak process.
Pricing Efficiency Challenges
Lack of a tool to operationalize price lists, a predominantly slow process susceptible to manual errors.
Limitations in Data Analysis
Lack of price segmentation by store, neglecting one of the main sales factors: regional competition.
Obstacles in Effective Price Analysis
Decentralized information in various spreadsheets and systems made it impossible to consider all available information for decision-making.
The application of Aprix’s pricing system unifies the company’s databases, allowing automation of steps and making the process more robust. With an improved and efficient flow, opportunities for price optimization with AI are opened up.
Aprix Approach: Aprix’s pricing system optimized decisions by streamlining the process through automation.
Team Empowerment
Generating autonomy for the pricing department in price setting.
Price Optimization
Applying statistical models to increase intelligence in price decision-making and enable granular analysis.
Operational Efficiency
Automate manual tasks, generating analysis capacity for the pricing team.
The implementation of the tool, respecting our entire business model and rules, was carried out in just 3 months, and during this period we achieved some gains:
– Savings of at least 6 hours per week for pricing analysts, bringing operational efficiency and opportunities for improvements in internal processes and data analysis;
– Granularity of promotions and prices by region; gain of scale;
– Tracking and controlling price changes
Márcia Santana | Pricing Manager at FarmaConde
Product quality, personalized service, partnership, flexibility in customization, excellent professionals for service and contact. These are the few but important points among many others that Aprix offers.
An exceptional platform that meets daily needs for more assertive and dynamic pricing.
I am very pleased with what Aprix delivers with its tool!
André Eloi | Pricing Coordinator at FarmaConde
Do you want to know more?
Understand how Aprix system solves pricing challenges in your company.
The system is divided into modules, adaptable to serve each company according to its specific needs.
Price List Management
Automated price updates and efficient business rule verification to generate time savings and competitive advantage through better price list management.
Price Data Collection
Own and competitor prices at the POS to identify repositioning opportunities. Wide and automated price data collection, with data cleaning, processing and standardization.
Simulation and Optimization
Less reactive, more predictive: through simulation and optimization, project market movements with Aprix AI. Optimize price analyses automatically and maximize operating results.
Cost Consolidation
Optimizing the cost consolidation process, eliminating hours of human involvement in calculations, formatting and updating tax parameters.
Business Intelligence
Pricing execution monitoring with customizable visualizations of key pricing indicators, through Business Intelligence.
Competitiveness Dashboard
Competitiveness dashboard with B2B and B2C price positioning for competitor monitoring and price execution.
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