Services
Pricing Data analysis
In retail, much of the operations are evolved around the product pricing. Customers will buy the product only at optimal price provided with best offers or discounts. Our AI-driven solution will provide a model for price comparison of recognized products which are available online, through various resources. Our AI solution can be used to identify an optimal price of a product for a set of recognised customers which will drive them to buy immediately.
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Sales Forecasting
We provide AI based solution and machine learning algorithm that can be utilized to optimize sales forecasting and supply chain planning. Our forecasting model evolves the historical data as well as other parameters like Inflation, weather condition, marketing trends etc. to precisely predict the sales forecasting trends for the next quarter or half year as required by the business owner.
Inventory Management
The operation excellence to match supply to demand ratio can be achieved with the help of our AI based solution i.e. We helps in delivering products to the right place at the right time to meet customer needs. When customer and sales data is processed through machine learning algorithms, the AI model will predict actionable business information about customers, demand, supply and inventory. Our proposed solution can be used to improve inventory turnover, by optimizing stock quantity, predict future revenue expenses.
Market Analysis
Our AI Solution will give you a better data accuracy while doing the market analysis on the demand and supply of the product, from macro to micro level organizations. It will help retailer to make smart decision on what to order and when to order after due outcome of the information from the analysed data through machine learning algorithm.
Market Basket Analysis
Our AI-driven solution on Machine learning will provide you a platform to do cross selling of products based on market basket analysis. It will help the retailers to identify best possible combination of the products or services after analysing the sales trends of these products. Sales potential of a retailer through market basket analysis will rise up and can use this information to implement following:
- Store layout redesigning to keep the co-exit product combination for better shopping experience.
- Target marketing so that if a customer comes to purchase a tooth paste, will have a toothbrush and mouthwash to encourage him for spending more.
Churn Analysis for Customer retention
Our Machine learning based churn analysis will help in customer retention to a great extent. From a retailer point of view it is very essential to have a customer response to service, pricing, competition after buying a product from a retail shop. Machine learning is one of the best adopted practices to keep your existing customer and our model though prepared will help you in translating customer insights into business operations.
