PRGX Margin Insight™ unifies data to provide the granular detail required to allow category managers to expand your profit and margin through better decisions and stronger data.
by Vincent Pate, PRGX Data Intelligence Solutions Sales Engineer
Welcome to an introduction of Margin insight by PRGX. Until now, suppliers have had control of the pricing and promotion conversation because of the sheer amount of data the retailer had to mine across disparate ERP platforms to get to a true net cost. Merchandise analytics unifies data to provide the granular detail required to allow category managers to expand your profit and margin through better decisions and stronger data for supplier negotiations.
Margin Insight accomplishes this by combining your sales, purchase cost and all promotional fundings to create the most accurate profit margins for your products. By securely bringing together data from funding agreements and promotions to requisitions, payments and pricing, our platform provides true net cost analytics in a way that’s purpose built for retail customers.
Actionable insights are just a few clicks away, providing visibility down to the SKU level and the vendors that comprise it–allowing you to hone in on which products and suppliers have lost margin and or funding period over period. Monitor cost changes in comparison to other suppliers within the same category and the impact those changes have on sales volume and margin.
Aggregate vendors and SKUs across the business to identify the most and least profitable items based on accurate true net cost and margin. Whether you are comparing past promotions or benchmarking suppliers with each other, the complete and accurate data Margin Insight provides will level the playing field for supplier negotiations.
To learn more and to schedule a personalized demonstration of our software, click here.