CASE STUDY

Retailer Achieves Improved Gross Margin and Quicker Inventory Turnover by Using Big Data Analytics

Sep 23, 2016

Business Challenge

Challenge with implementing store level product pricing strategy.

A retailer wanted to accurately determine the prices of products in relation to the varying demand at an individual store level.

Situation: Traditional methods not yielding expected returns.

The client was following traditional methods for price setting which was not providing profitable returns. This also resulted in adverse effects such as standing stock inventory, expired stock etc.

Contact our analytics experts to learn more about our pricing analytics solutions.

Solution

Markdown optimization for dynamic pricing strategies.

We used markdown optimization strategy to determine the right time for price cuts and the most optimal price levels. This was implemented at a store level, making use of historic data at an individual product level, for accurate demand forecasting. Our solution also helped the client with better inventory planning.

Request a FREE proposal to learn more about our pricing plans and engagement policies.

Impact

Improved gross margin and quicker inventory turnover.

The client was able to implement a dynamic pricing strategy at an individual product category level across stores. This helped in improving sales and also gross margins by achieving a better average unit retail price. We also helped the client achieve a much-improved inventory turnover.

Ready to Harness Game-Changing Insights?

Request a free solution pilot to know how we can help you derive intelligent, actionable insights from complex, unstructured data with minimum effort to drive competitive readiness, market excellence, and success.

Recent Case Studies

Industries

Our advanced analytics expertise spans across industries, sectors, and functions, which enables us to deliver robust, agile solutions to all our clients. These are our core competencies, formed through years of experience.

Insights

Our free resources shed light on our extensive expertise and equip you with information to accelerate decision-making, growth, and innovation.