DemFor Description
Pricing for Profit, Competitor Price Discovery and Demand Forecasting. Machine Learning and AI enable this. A better pricing strategy led to a 14.4% sales increase for an American brand selling casual apparel. Pricing for Profit, Competitor Price Discovery and Demand Forecasting. Intelligent Demand Forecasting. Combining machine learning and human judgment - We combine the best of both. We consider the impact of local events, holidays and school closings, as well as social signals and macroeconomic variables. Demand Forecasting. Store Ordering. Recommendations for Purchase Orders. Shelf Space Allocation and Optimization. Continual Monitoring and Improvement Intelligent Pricing. Improved price realization to increase sales and margins. The price elasticity of a product, location, and day can be determined to determine the extent or reduction in mark-up. Differential Pricing Strategies. Avoid a race for the bottom. Demonstrate your knowledge by using A/B testing
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