Price optimization solution provider Engage3 has launched its Price Image Management (PIM) suite for independent grocers and convenience stores. The Engage3 PIM platform is designed to help independent retailers track their competitive price position in the center store, perishables, private label and fuel, as well as optimize those prices to maximize traffic and margin.
The PIM suite aims to help independent grocers and convenience stores access highly localized competitive prices that can be refreshed as frequently as hourly for high velocity items like fuel. The platform uses both AI and ML to combine the retailer’s own private data with the rest of the market to determine optimized pricing.
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