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A large chain of petrochemical sites in the UK needed to determine the best retail prices given wholesale and competitor pricing alongside market demand.
3Sights performed customer segmentation and then by using machine learning techniques was able to quantify the Price / Volume elasticity.
The resultant optimum pricing model allowed the chain to make a significant average increase of 6% in profits and 14% in revenue across all their sites
A large retail fashion chain needed to minimise excessive inventory costs and obtain accurate forecasting of sales along with estimating the impact of various marketing and promotional campaigns.
3Sights implemented a combination of novel time series forecasting approaches and deep learning analysis techniques.
The resultant reduction in costs in inventory by 11% and marketing by 4% achieved an increase in sales profits of 8%.
Please Contact Us for futher information on how our expertise and technology can positively impact your business.