Upwardly mobile 20 September 2019 The founders of coffee and brunch chain Caravan are on the move, taking their business model to new Chelsea restaurant Vardo
In this week's issue... Upwardly mobile The founders of coffee and brunch chain Caravan are on the move, taking their business model to new Chelsea restaurant Vardo
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The complex simplicity of revenue management systems

15 July 2019 by
The complex simplicity of revenue management systems

This article was written by Damiano Zennaro, head of advisory services, EMEA, IDeaS Revenue Solutions

It's amazing to think how far revenue management systems (RMS) have come and the depth of the critical information they deliver. However, to make the grade in today's highly dynamic market, a modern RMS must be capable of performing two key tasks:

1. To autonomously make the best possible pricing decisions using the most relevant data available.

2. To provide a simple answer to the question of why the system is setting this price. Ultimately, we must be able to trust the system's decisions.

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