Dedicated Team
Asia
Food and Beverage
POS Integration, Payment Gateway
Python, MySQL, Angular, Pandas, Numpy, Jupyter
15+ Engineers
A Pricing Analyzer tool to help the company to identify the pricing strategy, best price of its products, system to analyse the price with competitors and set the accurate price that offers maximum profit while offering sales growth and customer loyalty.
Fixing up the right price for each item is the most critical decision for a Store.
Price Equalizer Tool: If the Price is too high, you lose the Customer and if its too low, you lose the margin
Define Sales price by assessing raw material cost, incremental labor cost and compliance expenses.
Profit margin will be defined based on customer food preferences and intensifying competition.
We at Way2Smile Solutions follow a set of strategies in order to make the business successful and enhance profits. Here are the steps which we follow for our clients:
Reviewed the current pricing process and defined rules for recommendations.
Tailored solution with the pricing engine and recommendations portal to help each Stores.
Offer easy onboarding of Store Owners and Operators and easy to use system in reviewing and uploading the final price to the POS
Dynamic Pricing leveraging Machine Learning based on the latest Data
A talented team of 15+ professionals who specialized in niche skill sets such as Application Development, Data Analytics and Cloud Deployment services.
As the team is matured and energetic, they are aware of Individual responsibilities and stand together as a team in order to meet the deadline and requirements.
Results can only be driven by choosing the correct technology stack. As we have great experience in handling such Digital Transformation Solutions, we had hand picked the following tech stack to build a rock solid application that should be capable of handling volume of big data and should also provide flexibility for easy customization in future.
Python
Django Framework
Angular
Python
Pandas
Numpy
Jupyter
AWS
The three major modules of the application is
Pricing Recommendation
Competitive Analysis Pricing Performance Review
After the project implementation, results are clearly visible for franchise owners in revenue increment and simplified recommendation process from the centralized business Intelligence team. It increases the confidence in the Intelligence team and franchisee owners are able to focus on business rather than worrying about pricing comparison with the competitors.
Leveraged Internal and External Data sources using Advanced Analytics to predict future sales, and continuously update recommendations based on actual sales.
Price Analyzer recommends price which aligns with consumer's willingness to pay and it resulted in higher margins through optimized pricing.
Helps Stores to track the performance of recommendations by providing sales and profit insights
Request a quote via a call or email to get started!
