Profit Simulation (Logistic Industry) base on Pricing matrix
Originally published: 22/12/2023 09:15
Last version published: 27/12/2023 09:25
Publication number: ELQ-78200-2
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Profit Simulation (Logistic Industry) base on Pricing matrix

This template will help you set pricing based on your target margin or you want to know your profit with a pricing table

Description
Insight into revenue and profit drivers improve executive decision making for product pricing and reduces the risk of incorrect pricing. When sales executives can analyze "what if" scenarios, they gain visibility into factors that drive revenue and profit and make informed decisions on future pricing and sales. The variability of cost, price, and forecasts impact both profit and revenue. To analyze the impact of changes to these factors, executives must run multiple scenarios or simulations.
This template will help you to solve "what if" profit simulations. You can simulate changing cost and price conditions along with forecasted demand and sales history, to immediately view the impact on revenue and profit. Analysis on "what if" scenarios using large volumes of data enable you to make quick and informed decisions. The template enables you to run and analyze simulations for a variety of changing conditions quickly without creating batch applications or custom reports. T
Profit and revenue simulation also enhances price management by providing you the ability to simulate profit and revenue scenarios based on price and cost changes. You use the Profitability Simulator feature to:
Analyze sales history and forecast demand to facilitate product pricing.
Execute future price changes based on analysis.
Enhance price negotiations.
Improve price management.

This Best Practice includes
Excel file

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