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

Posted in Case Study, Pricing Assortment, Tagged Convergytics, pricing optimizer,

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

Posted in Case Study, Pricing Assortment, Tagged assortment optimization, Convergytics,

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

Posted in Case Study, Pricing Assortment, Tagged Convergytics, product optimization,

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.

Convergytics team collaborated with client’s sales team to understand the operations and current forecasting capabilities

Build a forecast model for daily sales volume, reconcile the daily forecasts to weekly sales and analyze the drivers of sales

Worked with client’s IT team to maintain the model internally

• 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%

Posted in Case Study, Pricing Assortment, Tagged Convergytics, sales forecasting,