AI & Sales Forecast Modeling
Our modeling module analyzes historical data (sales, prices, promotions, etc.) in real time to create forecasting models that identify trends, seasonal fluctuations, product launch effects and other factors that influence business performance.
The module makes it possible to estimate future demand for different products or product categories.
Sales Demand Forecasting
Using historical data and forecast models, the module helps estimate future demand for different products or product categories. This helps you to anticipate fluctuations in demand and adjust stock levels.
But also to make informed pricing decisions to maximize their sales.
Price elasticity measurement and sales forecasting
Our solution includes built-in models to measure the price elasticity of demand, helping you to understand how price variations can influence sales volumes.
In addition, our forecasting system allows us to estimate future sales volumes based on planned prices.
- Consideration of all price variations and adjusted sales
- Normalization
- Development of linear regression models
- Determination of Elasticity Coefficients
- Management of new items and store openings
- Management of replaced/replacement products
- Reliability measurement(RMSE)
*6 months after deployment in 45 stores.
AI-based models
Our solution offers models based on artificial intelligence to improve the accuracy of your pricing decisions. Additionally, these models use advanced algorithms to analyze historical data in real time, identifying patterns and trends that can influence optimal pricing.
Automatic selection of the best statistical model
The pricing forecasting and modeling module automatically identifies the best statistical model to apply based on your data.
Additionally, the module takes into account criteria such as history duration (generally 3 years are required for optimal accuracy), seasonality detection and trend detection.
Simulation of pricing scenarios
Simulate different pricing scenarios using predictive models and test the impact of different pricing strategies on your sales.
But also on your profit margins and your competitive positioning. This enables you to make informed pricing decisions and optimize profitability.
Customer testimonials
« Optimix XPA is a very interesting tool. It has already allowed me to identify and correct pricing anomalies shortly after taking over my new store in Nice. I have just discovered that I can automate the generation of my analysis projects. I can't wait to use it for my other local stores. »
« Optimix is a highly effective pricing tool that enables us to adapt our pricing to our competitive context and margin objectives. Optimix offers the option to work at the item, category, or even based on national top sales, either individually or simultaneously, as well as on private label products, national brands, and regional products. »
« With the Optimix XPA solution, Bureau Vallée reduced errors, optimized competitive analysis (BtoB/BtoC) and refined planogram preparation, thus gaining in productivity. In 9 months, the ROI was achieved: the business teams halved their alignment time, linking over 12,000 products in 3 minutes. A real performance driver for the retailer. »
« Optimix significantly improved our pricing management, enabling smoother operations and faster implementation without issues. The solution adapts to our evolving needs, thanks to continuous development and tailored functionalities. The implementation process was seamless, with exceptional support: rapid responses, quick issue resolution, and a deep understanding of business needs. Optimix has proven to be an invaluable partner in optimizing our processes. »
« Optimix XPA has transformed our pricing strategy thanks to precise analyses and enhanced responsiveness. Change management support was key, with effective team training for rapid adoption. The result: significant time savings on time-consuming tasks, enabling teams to concentrate on high value-added actions. »
Optimize Your Pricing Strategies with AI and our Expertise !
Competitors’ Prices Collect via in-store Surveys and/or Webscraping – Matching & Linking Products with respect of Your Range Consistency –
Unlimited Smart Pricing Rules creation – Elasticity & AI calculations – Sales simulations & Dashboards
