H.D. Smith deploys cutting-edge pricing technology

 

 

SPRINGFIELD, Ill. — H.D. Smith is employing cutting-edge pricing technology through SAP, the wholesaler noted on Tuesday in a video posting. "The pricing engine that we've deployed keeps track of all the conditions that affect price," said David Guzman, H.D. Smith CIO. "On any given day, we'll process somewhere between 2 million and 10 million price permutations," he said. 

 

That number quickly climbs to 40 million pricing changes during specific events, such as the implementation of a new contract, he said. 

 

"The predetermined pricing engine is what gives us the realization of benefits to our business in terms of reducing day sales outstanding, reducing inventory levels, increasing service levels," he said. "Those are real value drivers for our company."