Price Point Optimization Assists a Healthcare Retail Client to Increase Profitability Levels
LONDON: Quantzig, a global analytics services provider, has recently completed their latest price point optimization for a retail healthcare client. Several leading healthcare sector companies have started expanding critical care offerings while increasingly partnering with national pharmacies and retailers to establish robust walk-in retail healthcare outlets. Also, the recent rapid technological advancements have made it easier for companies in the retail healthcare sector to handle large-scale businesses while catering to the needs of consumers.
“Price optimization solutions help firms combine data across different data sets with information and inventory levels to achieve robust pricing strategies and enhance current profit margins. Additionally, price optimization also assists retail healthcare businesses in forecasting the demand and improving customer satisfaction levels.” says an industry expert from Quantzig.
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The price point optimization solution helped the client to devise strategic ways to retain their most profitable customers. The solution also helped the client to set temporary prices for products and services to spur sales for items with longer life cycles.
Additional Benefits of Price Point Optimization Solution
- Define profitability levels and comprehend the sensitivity levels of the existing customers.
- Real-time actionable insights into the customer’s buying patterns.
- To know more, request a free proposal
To know more about how our price point optimization solution helped the retail healthcare client