Optimize prices

Price IQ uses a mathematical solver to simultaneously enforce pricing strategies and find prices that meet a globally optimal objective. This is a crucial step for working with Price IQ, and requires at least one configured scenario.

After you apply all the needed strategies in the scenario, you can optimize your prices.

Use one of the methods below to optimize prices.

From the scenario workbook

1. From the Price IQ Manager Dashboard, expand the Scenarios folder.
2. Select the needed scenario name to go to its workbook.
3. On any worksheet, select the Optimize Prices worksheet action.

From the Negotiated Prices workbook

1. From the Price IQ Manager Dashboard, open the Negotiated Prices workbook.
2. On the Scenario Management worksheet, select the Selection checkbox near your scenario.
3. Select the Optimize worksheet action.

You can close Price IQ or continue using the app while it optimizes prices. After the optimization is finished, a green notification box appears to indicate the completion.

You can check the status of the optimization process in the dashboard execution log or worksheet activity log.