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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

Such a pricing strategy can lead to bad reviews, complaints, or worse. One case for customer alienation is that when users put an item in the basket without purchasing the item and after a day or so, they’ll get a discount code for the abandoned cart item,” explains Kocak. Such cases generally gain a lot of publicity.

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Turnover Ratio, Return Rate, Shrinkage, and Other Inventory KPIs to Manage Your Stock

Altexsoft

It can also be measured in weeks instead of days (the KPI will be referred to as weeks-on-hand and have 52 instead of 365 in the formula) or be calculated for any period other than a year (change 365 to the period duration in days in the formula). Backorder rate The backorder rate is the percentage of orders delayed due to items on backorder.

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