INDUSTRY: Grocery Retail
Optimization Software and Predictive Analytics for the Grocery Retail Industry
SignalDemand Predictive Analytics and Optimization software addresses the unique challenges found in the meat, dairy and produce categories in the grocery retail sector.
While the retail sector, in general, has benefitted a great deal from the application of price optimization techniques, perishable grocery product retailers have found it difficult to adopt these methods. SignalDemand offers pricing software that is tailored to address unique aspects of this sector such as volatile costs, limited shelf-life and variable weight.
Cost Forecasting
- Develop a deep understanding of the commodity markets through accurate market price forecasts delivered through a forecasting workbench
- Determine the costs for internal items that take into account the yields, internal costs, formulas and other price differentials
- Identify promotion opportunities through a better view into the forward costs
Promotion Optimization
- Set optimized every day prices for products in each perishable category
- Optimize the type, depth and product mix of promotions under various forecasted cost scenarios
- Estimate the impact of destination fresh categories on the overall store traffic
Category Management
- Manage prices across the fresh categories to drive the best overall margin
- Estimate the impact of destination fresh categories on the overall store traffic
- Analyze the role of meat and dairy in the profitability at a basket level
