Advanced Pricing: Centralized Price Management for Global Business

For businesses operating in developing markets, managing pricing isn’t merely about setting product prices. It’s a dynamic process, where changes in currency rates, regional customer demands, and specific market conditions all play a vital role. Advanced Pricing from Oracle JD Edwards is a centralised, automated pricing management module that enables companies to tailor pricing strategies to the realities of each market, maintain flexibility, and improve cost control.

Advanced Pricing helps companies meet the challenges of developing markets by maintaining stable profitability and transparency. Here are some of its key capabilities:

1. Multi-Currency Pricing
   One of Advanced Pricing’s main advantages is its ability to automatically adjust prices based on currency exchange rates. If your business operates across multiple markets, each with its own currency, the system recalculates prices automatically to reflect real-time rate changes. This is especially important for markets with unstable currencies, where regular adjustments can help protect margins and prevent unforeseen losses.
2. Custom Discounts and Promotions for Each Region
   Discounts and promotions are a key component of customer engagement in developing markets. Advanced Pricing enables you to customise discount schemes and promotions by customer category or region. For example, if demand for building materials peaks in a specific region each spring, the system can automatically activate special pricing for that period, helping the business manage demand and increase sales volumes.
3. Automated Pricing to Minimise Errors
   Centralised management via Advanced Pricing reduces errors associated with manual data entry and simplifies price recalculation. In dynamic markets, where changes can occur daily, automation allows timely price updates and reduces errors, providing accuracy and confidence in pricing.
4. Analytics for Strategic Planning
   Advanced Pricing gives businesses valuable insights into the effectiveness of discounts and promotions, helping optimise offerings. These data allow you to analyse which discounts work best in each market and offer products at prices that meet customer expectations.

Examples of Advanced Pricing in Developing Markets

In developing markets, where demand can fluctuate based on seasonal and economic factors, the ability to adapt pricing policies flexibly is essential.

• A home appliance company may use Advanced Pricing to adjust seasonal promotions. During demand peaks, the system updates prices automatically based on currency changes and activates promotional offers, allowing the team to focus on strategic development rather than routine tasks.
• A distributor of building materials could use Advanced Pricing to set bulk purchase discounts during spring’s surge in demand. This supports sales efficiently by creating favourable terms for major customers, while optimising pricing at every stage of the business cycle.

Centralised Price Management: A Key to Success in Developing Markets

Oracle JD Edwards’ Advanced Pricing is a powerful tool that enables optimised pricing processes, up-to-date prices, and adaptable strategies for developing markets. Centralised management and flexible settings provide precision, transparency, and a competitive edge in each local market.

Discover new opportunities for global growth with Advanced Pricing – a solution that helps businesses remain competitive and responsive to the dynamics of developing markets.