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Development of a Cloud-Based Unified Price Management Platform for Multi-Market Retail Operations
  1. case
  2. Development of a Cloud-Based Unified Price Management Platform for Multi-Market Retail Operations

Development of a Cloud-Based Unified Price Management Platform for Multi-Market Retail Operations

n-ix.com
Retail

Business Challenges in Multi-Region Retail Price Management

As the company's business expands into new geographical markets and product lines, maintaining efficient, accurate, and real-time product pricing becomes increasingly complex. The current legacy systems and manual processes lead to delays, inconsistencies, and elevated operational costs, hindering the ability to quickly onboard new products and adapt to pricing fluctuations. This results in a fragmented customer experience and reduced sales efficiency.

About the Client

A large retail distributor with multiple physical and eCommerce channels, operating across various countries, managing diverse product catalogs and pricing strategies to serve both B2B and B2C customers.

Key Goals for Price Management System Enhancement

  • Implement a centralized, cloud-hosted price management platform to unify multiple pricing strategies.
  • Accelerate price update processes, reducing processing time from several hours or days to near real-time.
  • Increase operational efficiency by consolidating multiple legacy systems into one scalable microservices architecture.
  • Enhance the customer purchasing experience through personalized pricing and consistent online/offline pricing displays.
  • Ensure high availability and secure management of pricing data, supporting 24/7 operations and multi-channel integration.

Core Functionality and Features of the Price Management System

  • Unified interface for adding and updating various types of product prices (list price, discounted price, special offers).
  • Support for customer segmentation to provide tailored pricing based on customer type, country, and purchase volume.
  • Automated data ingestion from existing legacy systems via ETL processes, ensuring data consistency and synchronization.
  • Real-time price updating with instant propagation across eCommerce platforms and in-store systems.
  • Personalized customer pricing generation when customers log into their accounts, based on predefined parameters.
  • A customizable UI ensuring consistent look and feel across all platforms and channels.
  • Implementation of CI/CD pipelines to streamline development and deployment workflows.

Preferred Technologies and Architectural Approaches

Cloud platform hosting with microservices architecture (e.g., containerized with Docker, orchestrated via Kubernetes or a similar platform)
Serverless components where applicable for scalability
APIs for integration with external systems and eCommerce platforms
Data pipelines utilizing Kafka or equivalent for real-time data ingestion
Database solutions supporting high availability and scalability, e.g., PostgreSQL or NoSQL alternatives
Development pipelines leveraging CI/CD tools (e.g., Azure DevOps, Jenkins)

Required System Integrations

  • Legacy pricing and ERP systems for data ingestion via ETL processes
  • Multiple eCommerce platforms for consistent pricing display
  • Customer management systems for personalized pricing
  • Analytics and reporting tools for pricing insights

Critical Non-Functional System Requirements

  • High availability architecture ensuring 99.9% uptime
  • Real-time data processing and propagation for dynamic pricing updates
  • Secure handling of sensitive pricing and customer data, complying with relevant data protection standards
  • System scalability to handle load fluctuations during data migration and peak sales periods
  • Load balancing and performance optimization to support high concurrent users and transactions

Projected Business Benefits of the Price Management Platform

The implementation of this cloud-based, unified pricing system is expected to significantly improve operational efficiency, reducing manual efforts and processing times by up to 80%. It will enable near-instantaneous price updates, minimize discrepancies across sales channels, and enhance the customer experience through personalized offers. The system aims to support rapid onboarding of new products, leading to increased sales velocity and market responsiveness, ultimately accelerating revenue growth and reducing operational costs.

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