Pricing Analysis Solutions Helped a Leading Retail Firm to Understand Customers’ Demands, Says Quantzig

Quantzig, a global analytics solutions provider, has announced the completion of their latest price analysis study on the retail industry. The client, a leading retail company, wanted to understand the impact of price differentials on the market share. The retail client wanted to optimize the pricing of products and services based on the revenues and profitability. Additionally, the client wanted to devise effective pricing strategies to stay ahead in the competitive market.

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According to the price analysis experts at Quantzig, “The players in the retail industry are focusing on pricing and trade promotions to boost sales. As a result, leading players have started adopting pricing analytics solution to stay ahead of their peers.”

The retail industry players have become more price sensitive and are offering products at convenient prices to the consumers. Organizations are focusing on pricing with an aim to boost sales. Leading retail firms are implementing pricing analysis solutions to estimate the impact of pricing on sales volume.

The solution offered by Quantzig helped the client to leverage the use of automated processes to predict sales and optimize inventory. The client was able to implement price analysis solutions and meet the supply chain constraints and distribution costs. Additionally, the client was able to control inventory costs and improve customer satisfaction.

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This price analysis solution provided benefits that helped the client to:

• Understand the customers’ demand
• Identify opportunities to improve performance in the retail industry
• To know more, request a free proposal

This price analysis solution offered predictive insights on:

• Understanding the customers and improving their overall customer experience
• Effectively predicting bid prices based on historical data
• To know more, request a free proposal

View the complete price analysis study here:

https://www.quantzig.com/content/retail-industry-price-analysis

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 12 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on all of Quantzig’s services and the solutions they have provided to Fortune 500 clients across all industries, please contact us.

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