PRICE SIMULATION FOR ENTERPRISE SALES AND SUPPLY PROCESSES
Embodiments of the present invention may provide a method to perform a price simulation. The method may comprise receiving search criteria for sales orders to perform simulation of price changes, selecting sales orders that satisfy the search criteria, and retrieving pricing attributes from the selected sales orders. The pricing attributes may include any discount(s) applied to a base price. The method may further comprise simulating application of a new pricing to affected sales orders according to the pricing attributes and storing simulation results.
1 . A method for providing a price simulation, comprising:
receiving search criteria for sales orders to perform simulation of price changes;
selecting sales orders that satisfy the search criteria;
retrieving pricing attributes from the selected sales orders, the pricing attributes including any discount(s) applied to a base price;
simulate application of a new pricing to one or more selected sales orders according to the pricing attributes; and
storing simulation results.
2 . The method of claim 1 , wherein multiple sessions of price simulation are executed in parallel.
3 . The method of claim 1 , wherein the simulation results are replicated to a analytical tool for reporting.
4 . The method of claim 1 , wherein the pricing attributes determine what sales orders are affected for price simulation.
5 . The method of claim 1 , wherein the pricing attributes includes one or more discounts selected from: distribution chain dependent discount, customer group discount, customer specific discount, individual discount, and automatic discount.
6 . The method of claim 1 , wherein the price simulation takes price elasticity into consideration by fixing one or more determinants of demand other than price as constant(s).
7 . The method of claim 1 , further comprising executing price changes to trigger a campaign with a campaign specific price.
8 . A machine-readable medium storing instructions adapted to be executed by a computer to perform a method comprising:
receiving search criteria for sales orders to perform simulation of price changes;
selecting sales orders that satisfy the search criteria;
retrieving pricing attributes from the selected sales orders, the pricing attributes including any discount(s) applied to a base price;
simulate application of a new pricing to one or more selected sales orders according to the pricing attributes; and
storing simulation results.
9 . The machine-readable medium of claim 8 , wherein multiple sessions of price simulation are executed in parallel.
10 . The machine-readable medium of claim 8 , wherein the simulation results are replicated to a analytical tool for reporting
11 . The machine-readable medium of claim 8 , wherein the pricing attributes determine what sales orders are affected for price simulation.
12 . The machine-readable medium of claim 8 , wherein the pricing attributes includes one or more discounts selected from: distribution chain dependent discount, customer group discount, customer specific discount, individual discount, and automatic discount.
13 . The machine-readable medium of claim 8 , wherein the price simulation takes price elasticity into consideration by fixing one or more determinants of demand other than price as constant(s).
14 . The machine-readable medium of claim 8 , wherein the method further comprises executing price changes to trigger a campaign with a campaign specific price.
15 . A computer system for a price simulation, comprising:
a memory to store computer program instructions; and
a processor configured to execute the computer program instructions to:
receive search criteria for sales orders to perform simulation of price changes;
select sales orders that satisfy the search criteria;
retrieve pricing attributes from the selected sales orders, the pricing attributes including any discount(s) applied to a base price;
simulate application of a new pricing to one or more selected sales orders according to the pricing attributes; and
store simulation results.
16 . The computer system of claim 15 , wherein multiple sessions of price simulation are executed in parallel.
17 . The computer system of claim 15 , wherein the simulation results are replicated to a analytical tool for reporting
18 . The computer system of claim 15 , wherein the pricing attributes determine what sales orders are affected for price simulation.
19 . The computer system of claim 15 , wherein the pricing attributes includes one or more discounts selected from: distribution chain dependent discount, customer group discount, customer specific discount, individual discount, and automatic discount.
20 . The computer system of claim 15 , wherein the price simulation takes price elasticity into consideration by fixing one or more determinants of demand other than price as constant(s).
21 . The computer system of claim 15 , wherein the processor is configured to execute the computer program instructions to further executing price changes to trigger a campaign with a campaign specific price.