Prosum Profit Optimization Ecosystem maximizes RGM for Retailers and CPG companies through AI-driven pricing, promotion and inventory management decisions.
Prosum’s Profit Optimization Engine gives you the blueprint to implement a pricing, promotion and inventory management strategy that delivers measurable impact on revenue, margin, and cost optimization. The platform leverages Azure cloud services enabling best-in class AI algorithms and has a comprehensive and integrated design saving time and effort.
This Proof of Value enables companies to test the platform on a select set of products, product categories or a selected location to prove the value to business before committing to the full implementation.
The unique analytical frameworks allow our team of data scientists to process thousands of products through our proprietary algorithms to produce price and promotion sensitivity measures, demand forecasts, and optimal pricing strategies rapidly and at scale .
Generative-AI powers enhances decision-making by providing recommendations by combining Azure OpenAI LLM’s and your business data creating significant RGM lift. Results are fully integrated, with visualizations that are easy to navigate and interpret outcomes, and integrations with analytical and transactional systems to ensure actionable insights are implemented.
Pricing and Promotion decisions are often manual and not based on scientific methods to determine effectiveness, with some studies showing that up to 70% of promotions being ineffective. Managing inventory is a further challenge with 50%+ of companies facing overstocking or understocking leading to sub-optimal working capital allocation. This in a world where only 30% of companies leverage data proficiently for this business problem.
Prosum's Profit Optimization Ecosystem provides a blueprint to implement a pricing, promotion and inventory management strategy that delivers measurable impact on revenue and cost optimization.
The platform provides a holistic solution for end-to-end Revenue Growth Management with the following built-in features:
With our solution, you will be able to increase margins by between 3-6% through optimized pricing, promotions, and inventory management decisions.
For more information: https://www.prosum.ai/profit-optimization-engine
Contact us for a Demo: https://www.prosum.ai/contact-prosum
Customer Success Stories and Case Studies: https://www.prosum.ai/prosum-case-studies