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- Recommend price points that maximise the likelihood of transaction win rates to optimise revenue without compromising profit margins.
- Machine learning technology from Findability Sciences considers historical revenue, quantity and price points, deals win rates and forecast demand to recommend ideal price points.
Client:
Microelectronics Component Manufacturer
Scripts execution time reduced from
24 to 1.5 hrs
Accuracy up to
98%
of win-rate models
Mean square error between
0.04 - 0.06
for capture-rate and price optimization
Problem
Leading microelectronics component manufacturer wanted to optimize SKU level price points for selling to trade.
Their price prediction algorithm had unresolved issues (bugs) resulting in long processing times.
Solution
We developed a middleware of custom SAP application connectors and SAP BAPI.
Enabled communication between the client's SAP systems and the Findability.AI layer.