Problem

Workers of retail chains spend a huge amount of time every day because they need to manually replace thousands of price tags. When they fail to replace it in a timely manner, there is a gap between the prices on the shelf and on the cash register receipt, which disappoints customers and harms the retail chain image. In addition, paper price tags do not allow you to change prices dynamically based on various factors and thus increase the margin and turnover of goods.

Solution

A hardware and software system including electronic price tags, a management system, and a dynamic pricing system. The platform enables you to predict the best prices for goods based on many factors and several thousand parameters, including weather, seasonality, events, etc.

The advantage of the solution is that it offers a turnkey HaaS + SaaS model, which eliminates significant costs for the purchase of equipment. As a result, the customer can quickly test the feasibility of the solution and start scaling.

Result:

• 1–2% revenue growth
• 1–3% increase in front margin
• Reduction of labor costs for updating price tags by up to 10 times or more

Implementation stages

PROJECT

Solution demonstration, discussion of goals and objectives, formation of requirements (3–5 days)

SCENARIO

Feasibility study based on the discovered customer issues (1–3 days)

PILOT PROJECT

Pilot implementation of the solution (3–4 months)

Scaling

Scaling and integrations