Posted on 2021-11-30
Ryax Technologies Ryax Technologies

Get the best price scenario for your perishable goods

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Description

Are you done with the merchandise loss? we all do. Most of the time, it could be avoided by adapting the pricing strategy to increase the sell-through. Should we keep the price level or lower it? This analysis will answer this question by giving you a predicted price for your perishable items in stock. See by yourself!

We recommend to perform this analyis in a timeline matching the product lifecycle, for example, at the stock arrival date. It can either be an automated analysis sent periodically through mail or a regular process pushed to your favorite supply chain ERP/demand planning tool

Analytics status

  • Beta

Business benefit

You can expect positive impacts on the following metrics
▪ stock rotation rate
▪ total turnover
▪ merchandise loss rate

Data inputs (mandatory)

A first file showing the historical sales data including :
▪ SKU number : identification of the product being sold
▪ purchase date
▪ quantity

A second file showing the remaining stock (quantity of items in stocks including all moves such as replenishment, transfer etc.):
▪ SKU number
▪ stock
▪ date

Data Output

Output you get from this analysis is the list of SKUs/Items along with their suggested price.

Technical description

Technical details provided on request (contact us).

Limitations

None