Definitions

Updated over 4 months ago

Term	Definition
Repricing Group	A set of product items with its own rules and limits.
Groups List	List of all available repricing groups within the Relu Intelligence platform.
Product Items List	A list of all product items within the specific group available in the application.
Product Item	A distinct, sellable unit within a product catalog, typically identified by a unique SKU.
Pricing strategy	A structured approach used to determine the optimal selling price of a product based on business objectives, market trends, and competitor data. In Relu Intelligence, pricing strategies are applied within Repricing Groups to automate and optimize pricing decisions.
Competition strategy	A strategy that sets product prices by analyzing competitors' pricing, helping businesses remain competitive in the market.
Strategy Rule	A set of user-defined parameters that control how a chosen pricing strategy is applied to a product group.
Competitor Score	A number from 0 to 100 that estimates how visible a page is in Google Search based on its ranking. Pages ranked near the top (e.g. position 1) get higher scores, while lower-ranked pages get smaller scores.
Repricing Process	The automated system flow where Relu Intelligence continuously monitors market changes and suggests updated prices based on selected strategy, rule and limits.
Price Limits	User-defined limits that prevent prices from falling below or rising above specific thresholds based on margin/current price requirements.
Base Price Limit	A rule that sets minimum and/or maximum price boundaries for all items in a repricing group, based on margin or current price (%)
Custom Price Limit	An override to the base price limit, allowing custom boundaries for a specific product item within the group. Boundaries are set based on margin or current unit price.
Price Roundings	Configuration that defines how final prices are adjusted for psychological pricing (e.g., rounding to $9.99).
Auto Reprice	An automated process that updates prices for product items within a defined group.
New Price	AI-generated suggestion for an optimal product price based on selected strategy, historical data, and current market analysis.
Locked Product Items	Products manually excluded from repricing. No new price suggestions are generated for these items, allowing users to maintain fixed pricing within dynamic product groups.