SAVVI’s client needed to figure out the right price, on a product with daily changing market conditions. All while optimizing for profitability and sell-through.
They had built a sophisticated tool to analyze over 30 data points related to market, consumer, and their own internal costs, but when looking at over a thousand pricing decisions per day, teams were overwhelmed with data.
SAVVI presented a client with a solution to meet their growing and fluid pricing needs with Machine Learning-powered decisioning. SAVVI recommend a price daily based on continuously learning on all data points with two goals: increasing profit margins, while decreasing time to sell.
Now the client has a smart widget to help guide the team on optimal pricing - finding better margins and faster sell-through over 78% of the time.
Integrating was just super easy. It gave us ML functionality we needed quickly, without having to build it from scratch.
In 15 minutes see how SAVVI AI can benefit your business.