Niemann Foods Taps Revionics for Price Optimization
Quincy, Ill.-based Niemann Foods Inc. has selected Revionics as its price optimization provider.
Revionics will provide Niemann Foods with its SaaS-based price optimization solution, which includes robust price management, science-based optimization, forecasting, simulation and effectiveness measurement.
“Revionics stood out to us due to their proven SaaS model, strong track record within the retail industry and their partnering approach,” said Chris Niemann, EVP/CFO of the employee-owned Niemann Foods, which operates more than 100 retail stores including supermarkets, pet supplies, hardware, gas/convenience, pharmacies and fast food outlets throughout Illinois, Missouri and Iowa. “We are confident that Revionics is the right price optimization partner to help us deliver both shopper and shareholder value by pricing more competitively while meeting gross profit budgets.”
After a comprehensive industry search for the right price optimization solution provider, Niemann Foods chose Revionics to help:
- Take a more disciplined approach to pricing by incorporating demand-based science, rules, constraints and strategy to make data-driven pricing decisions
- Stay highly competitive on key value items while meeting gross profit budgets
- Increase sales by scientifically identifying and strategically pricing traffic drivers
“Revionics welcomes Niemann Foods as a valued customer and we look forward to helping them achieve their financial and business goals by adopting a more shopper-centric and fact-based approach to pricing,” said Marc Hafner, Revionics CEO. “Our deep commitment to partnering and our product’s track record for delivering fast and continued ROI continues to differentiate us in the marketplace.”