7Learnings reveals the optimal prices for all your products and empowers you to amplify your price strategy.
With 7Learnings, pricing teams achieve improved margins with less effort
We compile your raw pricing data and analyze it using AI-powered algorithms to forecast how your pricing decisions will affect performance results including profit, revenue, sales, inventory levels, and more.
7Learnings’ powerful forecasting capabilities give you the ability to optimize your prices with unrivaled precision. We collect and analyze an extensive range of internal and external data, including historical transactions, product attributes, seasonal factors, competitor data, marketing data, and more, to provide a detailed and comprehensive overview of your pricing strategy.
Our solution is fast, simple, and effective: simply set your profit and revenue targets and we reveal the optimal prices to achieve your goals within minutes.
7Learnings uses cutting-edge machine learning models that consolidate and analyze the data on millions of products within minutes. Forecast the effect price changes will have on your KPIs, such as profit, revenue, or sales, and then optimize using our intuitive UI to set the prices needed to achieve your desired results.
Our solution pinpoints the price elasticity for each of your products and thus can forecast how price adjustments will affect your inventory levels. We empower you to set optimal prices across the entire lifecycle of your products, ensuring sell-through targets are hit, high profitability is achieved, and overstock or understock situations are avoided.
Forecasts in the 7Learnings predictive pricing solution are updated as soon as new data is delivered, enabling you to adjust your prices to new market conditions faster than ever before. This guarantees that your prices are always optimal and always up-to-date.
Our machine learning models understand and adapt to the unique price elasticity of different sales channels, including various countries and regions. Adjust your prices to the specific demand in each sales channel to achieve maximum profitability. 7Learnings empowers you to create a truly differentiated pricing strategy.
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Data collection and cleaning – we do the heavy lifting
We gather all the data relevant for your price optimization. Internal data – such as historical transactions and product attributes – is used in conjunction with relevant external data, such as weather, seasonal factors, and competitor prices. Our team then builds a predictive pricing model tailored to your business, managing the process from start to finish.
Profit and revenue forecasting powered by machine learning
Our cloud-based software uses cutting-edge machine learning models to identify drivers of demand and price elasticity. Based on these drivers, it accurately forecasts profit and revenue for all relevant price points. Our extensive experience in e-commerce and the fashion industry enables us to effectively manage seasonal products, frequently changing assortments, and low-selling products.
Price optimizations tailored to your needs
Optimizations in our solution are customizable, allowing you to integrate rules such as maximum discount amounts, competitor price matching, and much more. You can choose the granularity you need and create tailored price rules on the brand, category, or even individual product level.
Goal-driven price steering
Simply set your revenue or profit target in our intuitive UI to optimize your prices. Within a matter of minutes, our software calculates the prices that will achieve your business objectives. Using our platform, you can easily adjust for different business scenarios to assess the impact of different targets.
Rule-basedPricingSets prices based on a predefined set of rules. | PredictivePricingDynamically adjusts prices based on predicted outcomes. |
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|---|---|---|
| Automation of pricing process | ||
| Utilization of competitor prices | ||
| Algorithm considers relevant data features (e.g. transactions, weather) | ||
| Utilization of price elasticity | ||
| Optimal prices for private label products & bundles | ||
| Channel (e.g. country) specific pricing | ||
| Long-tail pricing & initial pricing | ||
| Goal driven steering | ||
| Delivers sales, revenue & profit forecast |
You have questions? We have answers.
Our solution employs advanced algorithms and machine learning models to analyze both internal and external data, including sales, inventory, and market trends. Leveraging this information, our software generates precise predictions regarding the impact of price adjustments on your products. Prices can then be optimized to align with specific business objectives, whether it’s maximizing profits, increasing revenues, managing inventory levels, or other goals.
Utilizing our software provides numerous advantages compared to alternatives like rule-based pricing. 7Learnings empowers retailers to swiftly respond to market changes, resulting in enhanced profitability and competitiveness. Predictive pricing enables you to adapt to fluctuations in demand, fine-tune prices for individual products, and sidestep common pitfalls associated with rule-based strategies, such as underpricing or overpricing. This dynamic approach maximizes revenue while minimizing the risk of losing customers due to non-competitive pricing.
No, our solution is designed to be user-friendly and seamlessly integrated. You won’t require a sizable IT team for implementation or maintenance, and our support team is readily available to assist you as needed.
While results can vary, the majority of our clients experience significant improvements in profitability and sales within the initial weeks of implementing our solution.
Book a demo with one of our experts and learn how our software can grow your profit and revenue.
