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32,005 followers

1mo

🚀 Ready to revolutionize retail pricing? Check out our latest collaboration with GK Software SE on #DynamicPricing! 🛒✨ Dynamic pricing isn't just a buzzword—it's a game-changer! From boosting revenue and profits to attracting and retaining loyal customers, this powerful tool enhances brand image and keeps you ahead of the competition. Plus, it adapts to ever-changing market conditions like a pro! 📈💼 With dynamic pricing, you can: 🔹 Strategically manage your pricing and actively control your sales targets 🔹 Automatically adjust prices to all relevant market conditions, including consumer demand 🔹 Minimize manual workload for category managers 🔹 Reduce food waste by optimizing stock levels Watch our showcase video to see dynamic pricing in action! 🎥👇 GK AIR #RetailRevolution #Hanshow #GKSoftware #SmartRetail #RetailInnovation #CustomerExperience

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Transcript

So this is our showcase for the install check in price app powered by our dynamic pricing solution, which can be used to manage the prices and get optimal discounts for perishable items that you have in your shelf. So the idea is that you can, as a staff member in the store, go around the shelves and check the best before dates and remaining stock levels of items with, yeah, critical best before dates usually. So what will happen usually you go around the store, you go onto shelves, you check those different items and you can directly scan them here with this application. And which will also of course be connected to our point of sale system and you get all the information about the item here. Most importantly, of course, you can add information about what is the remaining stock levels and our best before dates. So in our example, for this pack of chips or these packs of chips, probably I might enter a best before date now of end of next week because until then they have to be sold off the shelf or otherwise they reach their best before date. Of course, I also entered the current stock level, which is for example, in our case 15 or 20 pieces. And last but not least, I can also set a reminder when the application should remind me of checking the best before dates and the stock levels again. So here maybe I put. Just. Next day. And when I save this, this will be of course marked also as an entry which I can provide multiple of. And then the most important thing now is our optimization, obviously. So if I click on the optimize button here using the data that I just entered, the current demand situation and the stock level, of course, using our artificial intelligence in the background, I will get a price recommendation or a discount recommendation for this specific item. In our example it's suggests a 5% discount for those bags of chips. So what do I do with this now? Usually I have. At least three choices. If I click on label here, you'll see that we can either put a manual label function. That means what happens with many retailers, We put stickers on the individual items with labels, for example, 5%, ten percent, 20%, and I put these on all the individual items. I can also use the print label function which will then forward this request here to a label printer, which will of course then print labels with the corresponding bar codes, which makes it easier. Of course at the self checkout because the scanning will include the discount already. And our last functionality is change in point of sale, which updates the price in the master data of the point of sale immediately and of course also sends the information to the back end of our partner here of Handshaw for the immediate change of the electronic shelf labels. And as you can see now, the label is already changing. This means from now on at the point of sale, but also here at the shelf, the new price of the item is recognized and can be used.

Former SVP Global Sales GK Software, Retail Enthusiast

1mo

Excellent, great combination adding additional value to retailers

1mo

Thank you Hanshow, we are pleased about the inspiring partnership and mutual showcase.

Marketing Lead DACH & CEE | Sustainable Growth | AI Transformation

1mo

Kudos to all for the exceptional collaboration and innovation on this project. Klaus Smets Joern Kaller Stefan Mugler

Solutions Director - Specializing in Category Planning and Store Intelligence with AI

1mo

Great presentation

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