Helping an Inventory Management Firm to Create an Effective Division for Pricing Responsibilities | A Quantzig Success Story on Pricing Analytics
LONDON--(BUSINESS WIRE)--Oct 11, 2018--Quantzig, a pure-play analytics solutions provider, has announced the completion of their latest case study on pricing analytics engagement for inventory management firms.
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Pricing Analytics Engagement for an Inventory Management Firm. (Graphic: Business Wire)
A leading multinational inventory management firm, based out of Ohio, US, was facing difficulties in sustaining price change as each of their divisions had a significant amount of pricing independence, including having unique data structures and customer classes. Also, the inventory management firm, by leveraging Quantzig’s pricing analytics, wanted to create an effective division of pricing responsibilities, develop internal tools and train employees.
“ In e commerce and omnichannel companies, inventory management, including tracking and preserving inventory for orders, is crucial for maximizing sales and improving customer satisfaction,”says an expert from Quantzig.
For firms carrying inventory, comprehending and successfully managing their inventory is vital to ensure ideal profitability and cash flow within the business. In e commerce and omnichannel companies, inventory management, including tracking and preserving inventory for orders, is crucial for maximizing sales and improving customer satisfaction. Additionally, the inventory management process is isolated throughout the business and it becomes problematic to analyze how to improve accuracy and timeliness.
Quantzig’s pricing analytics engagement helped the inventory management firm to identify positive margin growth opportunities across all divisions. This included creating a step change in the client’s own competences to ensure continued returns for future businesses.
This engagement offered predictive insights on:Maximizing sales and improving customer satisfaction by a real time pricing analytics solution Assessing the objective and integrating with all inventory related systems To know more about the benefits of Quantzig’s pricing analytics solutions,
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 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 our engagement models and pricing plans,.
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