"Prorize worked on very complex pricing problems and completed two projects that we have worked with them on time and budget. They have met our expectations and delivered the required tools and insights."

Diagnosis

Prorize offers best-in-class pricing and revenue management services and solutions...

In-Depth Data Analysis

Our data analysis approach focuses on pricing-related variables and produces ingenious business insights. Our extensive experience has produced the industry’s most refined data analysis procedures. We begin to fix or propose solutions to pricing data problems that are identified during the initial stages of the data analysis project. Next, we identify the most appropriate pricing data structure. Subsequently, we thoroughly analyze your data; produce descriptive statistics, seasonality analyses, correlation analyses, price-demand plots, and competitive response analyses, etc., to capitalize on any quick profit opportunities. We then prepare the data for more advanced forecasting and optimization modeling.

Pricing Segmentation

Prorize uses price-sensitivity-based techniques to obtain the most appropriate pricing segments. We combine business knowledge and cutting-edge clustering and decision tree algorithms for effective pricing segmentation. Pricing segmentation comprises the foundation of any pricing system because profit opportunities are often hidden within micro-segments. In addition, pricing segmentation relies on pricing sensitivities. Segmentation without price sensitivities is futile for price optimization.

Proof of Concept Study

Proof of Concept studies use your existing data to develop the best pricing approach and show if potential benefits exist from such an approach. Prudent managers want to ensure satisfactory results before embarking on a project which might significantly alter the way their company prices and positions its products. If it appears that no significant improvement is possible given available data or other resources, Prorize will explain the implications to you and your team.