The ParkEngage Inventory Management System allows you to manage your own reservable parking inventory for all channel partners in one platform. But how does this impact your existing partnerships, how does demand-based pricing work, and what are the benefits to your operation? Here are answers to just a few of our most frequently asked questions.

My company also sells reservations through other local businesses who sell to their customers.  Will the inventory system take this into account?

Absolutely. The ParkEngage Inventory Management System helps you to embrace the strengths of your reservation system and your aggregator partners. The system allows you to gain real-time control of your parking inventory, enabling you to work with other partners (hotels, restaurants, etc.) to sell the inventory that is still available.

How does the “demand-based pricing work”?

Demand-based pricing allows the system to raise and lower the prices at your parking facility based on rules that you specify relating to the level of demand at any given point of the day. You can set up your pricing levels to be lower during the times of day when the facility is less busy and demand is lower, and increase as demand increases.

Can I enable different pricing and inventory for different facilities, or do they all have to be the same?

The Inventory Management System enables you to have completely different pricing rules, demand pricing rules, and inventory levels for each facility in your portfolio.

How does this affect aggregators who are selling reservations for my facilities?

The Inventory Management System maintains your aggregators’ ability to sell reservations for your organization through your established agreement. It simply provides you with real-time control of your inventory, enabling you to gain better negotiating power, as well as make the channel sales flow more dynamic, thus making the relationship more profitable for you and your channel partners.