Average Price

Average Price

Weighted average of actual price and promoted price for an item.

It does not take into account the package size of the product.

Related Terms

Yield Management

A pricing strategy used to maximize revenue by varying prices based on demand and inventory levels.

Velocity Analysis

A method of analyzing sales data to identify products with high sales velocity. Velocity analysis helps

Category Buyer

The person is responsible for assisting the procurement manager and category team in implementing procurement and