Category Archives: Pricing Assortment

Price Optimization: Price Optimization solution estimated Price elasticity (own and cross) for each SKU and optimized prices to maximize Units/ Revenues/Margins

Assortment Optimization: Assortment optimization solution helped the client to have the right set of SKUs in store without compromising the revenues or footfall

Product Optimization: Convergytics helped a large automobile client to design new models of cars with the optimal combination of features and price to maximize unit sales

A leading home improvement retailer based in Asia needed forecasting and reconciliation models that will accurately predict daily and intra-week sales for better planning. They also wanted to understand the drivers of sales and the contributions of various factors.

• The model was implemented at store DC level
• Improved inventory planning
• Reduced stock outs
• Better long-term forecast and planning capability

• 4% Reduction in loss of sales due to stock out
• Reduced inventory holding cost by 7%