by 1%leads to profit decrease by 10-11%
The process of the “best price” calculation forces specialists to solve complex problems on a daily basis and take into account many factors of influence at the same time: promotion, competitive environment, and demand elasticity
McKinsey in his 2019 research identified the TOP 3 priority projects, the automation of which has a greater impact on the retail company’s business model transformation.
One of such projects is Pricing Automation based on a data-driven approach
Individual parameters for the goods and stores category
Be “inside the market” using KVIs and competitive pricing
Achieve increased gross margin
A detailed result for each SKU
We find an individual solution for each company defining and strengthening the unique competitive advantage and “DNA” of your company and combining them with leading business practices, concepts, and technologies