Retail Healthcare Client Increases Profitability Levels using Price Point Optimization Solution
LONDON: Quantzig, a global analytics services provider, has announced the completion of their latest price optimization solution for a retail healthcare client. The existence of retail healthcare clinics can either complement or threaten a few segments of the healthcare system including hospitals, government healthcare facilities, and pharmaceutical equipment manufacturers. Therefore, many leading retail healthcare companies have recognized this trend and started expanding critical care offerings while increasingly partnering with national pharmacies and retailers to establish walk-in retail healthcare outlets.
“Price optimization solutions help firms calculate the demand for products and services at different intervals and scales. Also, using price optimization solutions help retail healthcare businesses to forecast the demand and improve customer satisfaction levels,” says an expert at Quantzig.
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The solution offered helped the retail healthcare client to gain real-time actionable insights into the customer’s buying patterns. The solution also helped the to client define profitability levels and comprehend the sensitivity levels of the existing customers.
Additional Benefits of the Price Optimization Solution
- Assign temporary prices for products and services to spur sales for items with longer life cycles
- Devise robust pricing strategies to enhance customer satisfaction
- To know more, request a free proposal