Office Power is presented with Stationers’ Company Certificate of Innovation

Office Power has been presented with a Certificate of Innovation by the Stationers’ Company at the Innovation Excellence Awards 2018.

The certificate was issued to recognise the value of the Dynamic Pricing Tools released earlier this year. The unique and innovative technology enables dealers to:

• Predict future margin improvements using dealers’ personal sales data and Office Power’s dynamic pricing user interface screens.
• Set target margins at Department, Category, Brand and individual Product levels with full visibility of the effects.
• Set and automatically adjust customer pricing at promotion, customer segment and customer contract price levels.
• Use real-time industry average pricing data to help benchmark where their margin targets should be set. Office Power’s bespoke algorithms analyse data across all dealer partners, giving dealers the ability to benchmark their target margins.
• Automatically move prices when cost prices change to protect their margin.
• Use analytics tools to understand how discount pricing at the customer, promotion, customer segment and basket levels affect their overall and predicted gross margin.

As suppliers squeeze margins and the market conditions change, office supplies dealers must continuously review their prices to ensure they protect their margin and profitability. The current average Office Power dealer margin is 41% and the Dynamic Pricing Tools help them retain strong margin and protect their business profitability.

Get in touch to find out more about our Dynamic Pricing Tools.