
DemandTec is a SaaS platform that optimizes retail pricing, promotion, and markdown strategies using data science and machine learning.
Vendor
Acoustic
Company Website
DemandTec is a SaaS platform designed to optimize retail pricing, promotion, and markdown strategies. It leverages data science and machine learning to provide comprehensive lifecycle pricing solutions, enabling seamless collaboration between retailers and suppliers.
Key Features
Pricing Optimization Optimize retail pricing strategies using data science.
- Accurate forecasting
- Real-time adjustments
Promotion Planning and Execution Plan and execute promotions with machine learning recommendations.
- 360-degree view of shopper demand
- Streamlined data sources
Markdown Management Manage and optimize markdown strategies to clear inventory profitably.
- ML-powered recommendations
- Improved efficiency
Trade Collaboration Enhance collaboration between retailers and suppliers.
- Streamlined processes
- Maximized trade funds
Benefits
Improved Profitability Increase margins through optimized pricing and promotions.
- Accurate pricing decisions
- Enhanced promotional strategies
Enhanced Efficiency Streamline processes and reduce manual effort.
- Automated insights
- Efficient data management
Better Customer Insights Gain a comprehensive understanding of shopper behavior.
- Real-time data analysis
- Behavioral insights