Schneider Electric Implements AI-Enriched Price Optimization Software

Schneider Electric, a global leader in energy management and automation solutions, was facing an increasingly complex business environment where the centralized pricing team made thousands of pricing decisions each day. The team realized that pricing decisions were not offsetting the costs of raw materials, and they were failing to meet customers’ expectations for competitive pricing.After implementing an AI-enriched price optimization solution, now market-aligned, deal-specific prices are delivered automatically to frontline sales reps in their CRM.As a result, Schneider Electric has seen significant margin improvement, is better equipped to manage cost changes and can meet customer expectations with competitive pricing.