Discover the potential profit uplift that our predictive pricing solution can bring to your business.
Because smart retailers know when and how to price for demand. Do you?
7Learnings helps retailers like you to set profit-optimal prices for all your products. Trusted by top companies:
profits & revenues
reduction in manual work
faster pricing optimizations
The most expensive month to buy sunscreen is July, and the cheapest is in February
In the US and Europe, Nielsen and Euromonitor have tracked price lifts of up to 35% for top sunscreen SKUs during July.
A 2022 Statista report found that SPF 50 products increased by around 25% in average price from April to July.
Retailers using predictive pricing capitalize on demand shifts like this to increase profits by 10% on average
AI-powered models outperform rule-based pricing in every season
In today’s fast-paced retail environment, finding the optimal price for products is essential for staying competitive as a retailer. Factors like seasonality, competition, and inventory levels all play a crucial role. The sheer amount of data to consider, from vast product assortments to rapid market changes and the ease of price comparison online, makes manual pricing strategies insufficient. In order to avoid being outperformed by the competition, retailers have to respond to this dynamic market environment and quickly adjust prices to its ever-changing conditions.
Manual pricing can’t keep up with the dynamic nature of today’s market. By leveraging machine learning algorithms, advanced pricing solutions utilize all available data to ensure your prices are always optimized. Embrace predictive pricing to stay competitive, profitable, and efficient.
7Learnings offers an intelligent SaaS solution for optimizing your dynamic pricing. Our software uses advanced machine learning technology to predict revenue and price elasticity. The algorithm takes all relevant data into account and evaluates it in order to identify current demand and price elasticity drivers for your entire assortment, optimizing sales and revenue for each individual product.
The software accurately forecasts sales, revenue and profits. With just one click, our customers can generate market-based prices designed to maximize target sales while taking restrictions like current inventory into account.
Your company’s unique pricing strategy and pre-defined KPIs are used to set up the algorithm so that you can maximize profits, expand your market share, and strengthen your company brand. Automating prices saves you time and frees you up to focus on more exciting tasks.
