Agent Configurations

What is a Spresso Pricing Agent?

A Spresso Pricing Agent is an AI-driven tool designed to optimize your product prices based on your specific goals. Unlike traditional A/B tests and static pricing tools, Spresso's Pricing Agent continuously learns and gets smarter over time to maximize your outcomes.

Key Features:

• AI-Driven Optimization: An always on agent that is always optimizing to meet your objectives.
• Product Family-Level Customization: Agents are set up at the product family level, allowing for targeted strategies and consistent pricing.

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Creating a Pricing Agent

1. Define Product Families

Spresso agents are configured on a product family level. Product families are products or variants that are grouped together at a pricing level. This ensures that your customers will see the same price arm across an entire product family.

Examples of Product Families

• Different sizes of the same t-shirt
• Different color ways of the same product

By default, product families are grouped at a Shopify/BigCommerce product level for variant skus that share the same price. You can confirm if groupings are set up as you'd

To configure different product families, you can define the groupings by using tagson the product level. Tags must be defined following the structure of: Spresso_, for example Spresso_EssentialHoodie

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Before creating an agent, ensure that your product families are defined properly.

2. Search for Products

After downloading the Spresso app, you will see your complete catalog data automatically synced into the Spresso system. You can easily search for products by Name or Variant SKU in the search bar.

You will see results grouped by Spresso Product Families. Agents can only be created on the Product Family level.

3. Configure Pricing Agent

Click on Create Agent to start configuration. The agent configuration panel will slide out to show you details and configuration inputs.

• SKU table will display all the variant skus grouped in this product family
  • Standard Price: current selling price.
  • Cost: Cost of Item sold.
  • MAP: Minimum advertised pricing. If provided, agents will not explore prices below MAP pricing
  • Compare at Price: Strikethrough price.
• Agent Details displays agent configuration details
  • Pricing Strategy: Revenue or Profit
  • Start Date
  • Price Rounding Rules: Agents will explore prices following these rounding rules
• Agent Price Range configuration of what prices the agent is able to explore
  • Min Price: we recommend setting a simple minimum price as a threshold to allow the agent and model explore with no maximum bounds
  • If needed, you can also configure a maximum price
  • If desired, you can also configure individual price arms