OverView
Optimal discounting, protecting gross profit.
System details
We will integrate POS data, inventory, expiration dates, weather information, and competitor pricing into a database. We will then create a system to estimate sales volume and gross profit for each SKU after price reductions.
assignment
If you rely on experience or uniform discount rules, you're likely to create waste, such as popular items selling out quickly and resulting in lost opportunities, while remaining items having to be sold at a reduced profit margin.
There is a problem in that decisions vary from store to store, making it difficult to verify afterward which discounts were truly effective.
Implementation effects
By intelligently adjusting discounts based on inventory and time, you can reduce lost profit margins. This is especially effective for marking down fresh produce and daily necessities, and for clearing out leftover stock after sales.
By standardizing decision-making across stores and visualizing the results on a dashboard, it becomes possible to review future orders and shelf layouts.
