Oracle Retail Price Management (RPM)

• Price Management:

  • Manage regular and promotional price changes.
  • Handle markdowns and clearance pricing.
  • Adjust prices based on competitor pricing.

• Promotions:

  • Plan, schedule, and manage promotional events.
  • Apply various discounts and offers.
  • Ensure consistent promotions across all sales channels.

• Analytics and Reporting:

  • Analyze the impact of price changes on sales and profitability.
  • Generate sales and margin reports.
  • Evaluate the effectiveness of promotions.

• Automation:

  • Automate price updates based on rules and triggers.
  • Streamline approval processes and notifications.

Before learning Oracle Retail Price Management (RPM), you should have the following skills:

1. Basic Retail Knowledge: Understanding of retail operations and pricing strategies.
2. Database Knowledge: Familiarity with databases and basic SQL.
3. ERP Systems Understanding: Knowledge of ERP systems, especially Oracle ERP.
4. Analytical Skills: Ability to analyze data and understand business metrics.

By learning Oracle Retail Price Management (RPM), you gain the following skills:

1. Pricing Strategy Management: Expertise in managing and optimizing retail pricing strategies.
2. Promotional Planning: Skills in planning and executing promotional campaigns.
3. Data Analysis: Ability to analyze the impact of pricing decisions on sales and profitability.
4. Automation and Workflow Management: Proficiency in automating price updates and managing approval workflows.