AI Use Case

Optimise product pricing to improve yield management

Determine optimum prices especially for perishable items.

Function

Marketing

Product Marketing

Benefits

Revenue - Pricing optimisation

Case Studies

H&M~H&M improve single store sales by improving inventory planning through machine learning to discover trends on social media,Ernsting’s family Corporate Group~Ernsting’s Family optimises pricing decisions while improving revenue and margins with machine learning,Uber~Uber discriminates price for different customers using machine learning and a variety of sociological data

Potential Vendors

Blue Yonder

Industry

Data Sets

Structured / Semi-structured,Time series

AI Technologies

Machine Learning (ML)