This article explains how you can use Penny for pricing decisions in your day-to-day work. Each section below includes a table with:
Prompt: Example questions or instructions you can ask Penny
Requirement: The data needed for Penny to provide a reliable answer
Value Group: The business area or use case the prompt supports
Use these examples as inspiration and adapt them to your own workflows and data setup.
Pricing
Use Penny to support pricing decisions with data-driven insights. From price benchmarking to identifying optimization opportunities, Penny helps you understand where pricing changes may have the biggest impact.
Easy wins
Prompt | Requirement | Value Group |
Take products where I am priced as the cheapest in the market and show how much I could increase prices by being only 1% cheaper than the next cheapest competitor. Break this down by brand and product type and sum the total opportunity. |
| Easy wins |
Identify products where my price is just above a competitor’s, where a small price drop could win the sale. |
| Easy wins |
Highlight products where a small, targeted price change (under 3%) would increase sales and market share while keeping margins above X%. | Performance data | Easy wins |
Profit
Prompt | Requirement | Value Group |
Show me a list of products where I could have earned more than 1,000 DKK in the last 7 days by adjusting my price by less than 3%. | Performance data | Profit |
Show me the top-selling products where I’m currently more expensive than my cheapest competitor. Highlight the price difference, estimate lost sales volume, and explain how much revenue I could gain if prices were adjusted today. | Performance data | Profit |
Break down my active pricing strategies in a table showing items sold, revenue, and new prices set. | Performance data | Profit |
Identify products where at least 3 of my top 5 competitors are out of stock simultaneously and calculate how much room there is to raise prices while maintaining a top ranking. |
| Profit |
What pricing strategies could we test to improve margin without losing volume? |
| Profit |
Suggest pricing changes for products that could improve margins without significantly impacting sales volume. | Performance data | Profit |
Find products with high sales but low margins — could pricing be optimized? |
| Profit |
Benchmarking
Prompt | Requirement | Value Group |
Show products in my price strategy, divided into 50 EUR intervals. Display columns for the number of price changes and the average price position. |
| Benchmarking |
Revenue
Prompt | Requirement | Value Group |
Create an Assortment Analysis & Revenue Optimization report with short-, medium-, and long-term actions. Show total potential revenue from being only 1% cheaper instead of significantly underpricing. |
| Revenue |
Looking back over the last 30 days, which products have generated the most profit? | Performance data | Revenue |
Market understanding
Prompt | Requirement | Value Group |
Show me my average price position over the last 12 months. |
| Market Understanding |
(No value group specified)
Prompt | Requirement | Value Group |
Based on price, shipping cost, and stock availability, estimate my likelihood of winning customer attention or Buy Box–like visibility. How has this changed over the last 6 months? |
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Analyze our pricing for Brand X compared to other online retailers over the last 90 days. Determine how many products we are more expensive than the market, how many competitors are cheaper per product, the average percentage difference, and group results into discount bands with counts and percentages. |
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Need help?
Contact your Customer Success Manager if you’d like to learn more about Penny or need guidance on how to use it.
Learn more about how to get access here.