1 Overview

Oracle Retail Pricing is a configurable and flexible pricing solution designed to meet the varied needs of the retail industry. Pricing empowers retailers to streamline pricing strategies across the organization, yielding a more predictable and profitable outcome. It provides decision support through pricing-focused business information to validate and approve new retails and markdowns.

Pricing supports the creation and management of price changes, clearances and promotions, integrating with the pricing execution systems, such as the POS in the store and e-commerce systems, to provide details on these events when approved. Its functionality includes the definition, maintenance, and review of price changes, clearances, and promotions, with capabilities that range from simple item price changes at a single location to complex promotional offers across zones. Pricing events are defined against the zone structure, which represents a group of locations organized to support a retailer's pricing strategy. It also allows the user to break out of the zone structure and create location-level events as needed.

Pricing has three primary functions to create and maintain regular price changes, clearances, and promotions. Although each of the three pricing activities is unique, the system displays these using a common look and feel to the user creating events. The solution also supports dashboards to support management by exception, and leverages the notification framework to alert users to conflicting pricing events.