Pricing, Advertisement & Promotions Modernization

How might we transform siloed, manual pricing and promotions processes into an integrated, automated platform to drive faster campaign launches and improve pricing precision?

Overview

  • Product / Initiative: Pricing, Advertisement & Promotions Optimization

  • Role: Product Manager (Strategic Initiatives)

  • Location: Chicago, US

  • Scale: Top U.S. retailer with nationwide operations and multi-billion-dollar omnichannel business

  • Outcome: Defined a future-state product and process strategy projected to deliver $2M in annual benefits


Problem / Opportunity

The retailer’s pricing, advertisement, and promotions processes were fragmented, manual, and misaligned, resulting in:

  • Disconnected pricing and price planning workflows

  • Slow price change cycles due to complex approvals

  • Limited visibility into performance metrics for data-driven decisions

This lack of integration constrained agility, impacted margins, and created operational inefficiencies at scale.

Goals & Success Metrics

  • Primary Goal: Reimagine pricing and promotions workflows as a productized, scalable capability.

  • Success Metrics:

    • ⏳ 30% reduction in promotional cycle time

    • πŸ“ˆ Increased pricing agility and alignment across functions

    • πŸ’° $2M in projected annual benefits through streamlined workflows and smarter pricing decisions

Strategy & Approach

  • Defined a clear product vision for an integrated pricing and promotions platform.

  • Conducted journey mapping to identify bottlenecks, redundancies, and high-impact opportunities.

  • Partnered with marketing, pricing, operations, and finance teams to co-create desired outcomes.

  • Used an impact vs. effort framework to prioritize process and technology investments.

  • Identified capability gaps and proposed a phased roadmap toward automation and intelligence.

Solution & Execution

  • Proposed an end-to-end product architecture integrating pricing and promotional planning workflows.

  • Recommended rules-based pricing automation to streamline approvals and reduce delays.

  • Defined MVP scope focused on quick wins β€” price change setup automation and standardized pricing logic.

  • Developed a scalable rollout roadmap, aligning technical, business, and operational stakeholders.

  • Secured executive alignment by linking recommendations to measurable business impact.

Impact & Results

  • πŸ’° $2M annualized benefit identified through process efficiencies and pricing improvements.

  • πŸš€ Accelerated price changes by streamlining handoffs and approvals.

  • 🧠 Improved decision velocity through unified pricing and promotional insights.

  • πŸ“Š Established a product strategy foundation for future analytics and optimization capabilities.

Frameworks Used

  • Impact vs Effort Value Prioritization to maximize ROI

  • North Star Metrics & KPI Trees for modernization goals

  • Capability Roadmap Framework for phased delivery

  • Journey Mapping & User Research to uncover inefficiencies

  • Experimentation & MVP Pilots to validate automation concepts

  • Strategic Alignment Framework for funding & exec buy-in

My Role & Contributions

  • Defined modernization strategy to transform siloed pricing and promotions workflows.

  • Applied impact vs effort value frameworks and North Star metrics to focus investment.

  • Conducted user research across pricing, marketing, and ops to shape the capability roadmap.

  • Led experimentation pilots to validate automation and workflow improvements.

  • Partnered with senior leadership to secure funding and alignment.

  • Delivered a $2M projected benefit blueprint and positioned platform for advanced pricing intelligence.

Retrospective & Learnings

  • What worked: Framing operational improvements as a product strategy strengthened executive alignment.

  • Improvement area: Earlier technical feasibility checks would have accelerated MVP definition.

  • Key learning: Treating internal processes as products with clear metrics and roadmaps drives sustainable, scalable business value.