Icon

01_​Guided_​Analytics

Having such a big competition on the market, companies face the problem of defining and implementing right pricing strategy. One way to create a optimal price index is to analyze the prices of the benchmark products in the market.​

Choosing the right competitor for a price strategy benchmark is done by analysing automatically potential benchmark candidates and ranking them.​ Detailed analysis helps the user understand where the selected baseline product is against its competitors. ​

KNIME suggests various pricing strategies giving the pricing analyst the opportunity to sense check current prices and select the best price for the future.

PRICE BENCHMARKING USE CASEHaving such a big competition on the market, companies face the problem of defining andimplementing right pricing strategy. One way to create a optimal price index is to analyze the pricesof the benchmark products in the market.​ Choosing the right competitor for a price strategy benchmark is done by analysing automatically potential benchmark candidates and ranking them.​ Detailed analysis helps the user understandwhere the selected baseline product is against its competitors. ​KNIME suggests various pricing strategies giving the pricing analyst the opportunity to sense checkcurrent prices and select the best price for the future. Web Portal: User Selections Web Portal: BenchmarkVisualization, Price Setting Calculation of Metrics andPrice Recommendation Metrics Calculation Page2: BaselineProduct Selection Page 1: TradeChannel Selection Page 3: Product toProduct Benchmarking PRICE BENCHMARKING USE CASEHaving such a big competition on the market, companies face the problem of defining andimplementing right pricing strategy. One way to create a optimal price index is to analyze the pricesof the benchmark products in the market.​ Choosing the right competitor for a price strategy benchmark is done by analysing automatically potential benchmark candidates and ranking them.​ Detailed analysis helps the user understandwhere the selected baseline product is against its competitors. ​KNIME suggests various pricing strategies giving the pricing analyst the opportunity to sense checkcurrent prices and select the best price for the future. Web Portal: User Selections Web Portal: BenchmarkVisualization, Price Setting Calculation of Metrics andPrice Recommendation Metrics Calculation Page2: BaselineProduct Selection Page 1: TradeChannel Selection Page 3: Product toProduct Benchmarking

Nodes

Extensions

Links

Download

To use this workflow in KNIME, download it from the below URL and open it in KNIME:

Download Workflow
Created by: Olgun_Aydin
Created at: 2018-05-08
On NodePit since: 2019-07-12
Last update: 2024-12-28
Created with KNIME version: v3.6.0

Deploy, schedule, execute, and monitor your KNIME workflows locally, in the cloud or on-premises – with our brand new NodePit Runner.

Try NodePit Runner!