Turn data into profit.
We are a boutique data science consultancy. We design, assemble and deliver solutions for retailers, using data science and artificial intelligence to provide durable competitive advantage in a data-driven world. Our mission is to optimise retail operations and win back lost profit.
Capability
Demand Prediction
Predictive modelling delivers highly accurate recommendations that remove guesswork from the stock replenishment process. This allows retailers to maximise product availability by reducing overstocking, wastage and out-of-stocks. Our powerful recommendations also help retailers understand seasonal demand patterns and other factors such as weather, sporting events and economic factors at a detailed level.
Assortment Optimsation
Choosing the right product assortment for your store should no longer be based on guesswork alone. Product assortment should be based on consumer behaviour, demographics and insight from research. Advanced data mining should include data from a number of sources to help you make the right product assortment decisions that ultimately drive increased sales, better profit margins and customer satisfaction.
Price Optimisation
A good price optimisation solution allows retailers to set initial prices and maintain optimal prices throughout the product life cycle. Our models intelligently account for factors such as price elasticity, promotions, competitive price information, supplements, compliments, cannibalisation and halo effects. Our models can also automatically adjust price recommendations based on pre-set business rules.
Why do you need demand prediction?
Every year over €1 trillion is lost globally by retailers due to out-of-stocks and over-stocking. To survive in a business of low margins and overnight changes in consumer behaviour, retailers must keep pace with consumer demands using reliable data. Retailers must balance these demands with precise inventory levels if they are to remain profitable and win in today’s data driven world. Our prediction models are built using data from some of the following sources:
- Historic sales data
- Weather data
- Sporting events
- Concerts
- Holidays
- Fuel prices
- Social media sentiment
- Google trends data
- Unemployment rates
- More…
DEMAND PREDICTION
Coca-Cola 1.5L
See affinity products
Recommended order for next 7 days
14
RECOMMENDED ASSORTMENT
PRODUCT
- Coca-Cola 1.5ltr
- Avonmore Supermilk L.F. 1ltr
- Cadbury Dairymilk Bar 110g
- Lucozade Energy Original 1ltr
- Tayto Snax 17g
- Coca-Cola 1.5L
- Avonmore Supermilk L.F. 1L
- Cadbury Dairymilk Chocolate Bar
- 360g
- Lucozade Energy Original 1L
- Tayto Snax 6x17ge all products
- Coca-Cola 1.5L
- Avonmore Supermilk L.F. 1L
- Cadbury Dairymilk Chocolate Bar
- 360g
- Lucozade Energy Original 1L
- Tayto Snax 6x17ge all products
Why do you need assortment
optimisation?
Choosing the right product assortment for your customers is a daily challenge that perplexes even the world’s best retailers. The challenge involves understanding consumer preferences, demographics, regional factors and product trends and in near real-time. Getting product assortment wrong means lost sales opportunities that can never be regained. Our assortment optimisation models are built using data from the following sources:
- Historic sales data
- Store clustering
- Demographics
- Nielsen data
- More…
Why do you need price optimisation?
Capturing, collating and analysing all the variables that influence price is a task beyond the computational power of the human brain. Retailers depend enormously on a single number everyday which can powerfully influence the demand for the products they sell. The cost of computation has now fallen to a point where large calculations about how price influences demand can finally be done economically. Our pricing models are built using data from some of the following sources:
- Historic sales data
- Seasonal promotions
- Events
- Competitor pricing
- Economic data
- Cannibalisation effects
- Halo effects
- More…
PRICE RECOMMENDATIONS
| PRODUCT | ELASTICITY | PRICE |
|---|---|---|
| Coca-Cola 1.5ltr | 30% | €2.40 |
| Avonmore Supermilk L.F. 1ltr | 12% | €1.49 |
| Cadbury Dairymilk Bar 110g | 30% | €1.49 |
| Lucozade Energy Original 1ltr | 92% | €2.59 |
| Tayto Snax 17g | 40% | €1.44 |
| PRODUCT | ELASTICITY | PRICE |
|---|---|---|
| Coca-Cola 1.5L | 30% | €2.40 |
| Avonmore Supermilk L.F. 1L | 12% | €1.49 |
| Cadbury Dairymilk Chocolate Bar 360g | 30% | €1.49 |
| Lucozade Energy Original 1L | 92% | €2.59 |
| Tayto Snax 6x17g | 40% | €2.44 |
| PRODUCT | ELASTICITY | PRICE |
|---|---|---|
| Coca-Cola 1.5L | 30% | €2.40 |
| Avonmore Supermilk L.F. 1L | 12% | €1.49 |
| Cadbury Dairymilk Chocolate Bar 360g | 30% | €1.49 |
| Lucozade Energy Original 1L | 92% | €2.59 |
| Tayto Snax 6x17g | 40% | €2.44 |
Benefits
Reduce Overstocking
& Waste
Our prediction models aim to prevent retailers from carrying inventory that they don’t need. Make wastage and deep discounts a thing of the past.
Eliminate Out-of-Stocks
Accurate forecasting means perfect inventory planning and no more lost sales opportunities. Embrace the power of data to maximise on-shelf availability and elimate OOS.
Optimise Assortment
Finding the right assortment means better sales and improved customer satisfaction. Use data to make the very best decisions for your business.
Increase Profitability
Making good decisions based on data means having the right product, at the right time, at the right price. For the retailer this means increased profit.
Use Data-Driven Pricing
Shape demand for your products by understanding the critical factors that influence price. Use our models to choose the perfect price at every moment.
Negotiate
Price Deals
Use demand prediction to drive negotiation opportunities with your suppliers by capitalising on knowing your demand spikes ahead of time.
Who it’s For
Store Managers
Maximise profit per square fit in your store by solving inventory distortion and pricing to maximise demand for your products.
Category Managers
Deliver on your financial targets by using our tools to help plan and get the most from your products assortment.
Supply Chain Managers
Deliver unparralled product availbility by eliminating overstocking and out-of-stocks from your supply chain.