View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 25, 2008updated 06 Sep 2016 2:35pm

Office Depot extends DemandTec’s pricing services

The new system enables retailers to achieve financial objectives

By CBR Staff Writer

DemandTec, a provider of on-demand optimization services, has announced that Office Depot, a specialty retailer of office products, has renewed its subscription to its Everyday Price Optimization and Everyday Price Management software services.
Office Depot cited several factors in renewing its relationship with DemandTec, including growing consumer price sensitivity due to recent macroeconomic conditions.

DemandTec reportedly helps the retailer address the challenges they face in managing a diverse product assortment with complex pricing relationships, by providing rules engine and optimization approach.

According to DemandTec, Everyday Price Optimization and Everyday Price Management are component services of its Lifecycle Price Optimization system, a comprehensive system for managing and optimizing pricing across the entire store.

The system, which also includes Promotion Planning & Optimization and Markdown Optimization services, enables retailers to understand, predict, and influence consumer demand to achieve financial and price image objectives.

Steve Mahurin, executive vice president of merchandising for Office Depot, said: We are extending our relationship with DemandTec because Office Depot’s long term strategic direction is to be consumer-centric in terms of assortment, store layouts, new service offerings and compelling pricing that sends a positive value message to our customers. DemandTec’s optimization engine and advanced analytics enable us to gain insight into consumer demand and set prices that benefit Office Depot customers.

Content from our partners
Powering AI’s potential: turning promise into reality
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.