Conception, testing and introduction of dynamic pricing

Project objective
Introduction of dynamic pricing based on various external factors from the areas of products, customers and situation. Design of algorithms and introduction of automation.
Approach / Methodologies
Development of dynamic factors in joint workshops, testing of the factors in various branches over a period of 3 months. Refinement of the factors and development of an IT and implementation concept.
Project results
Price increases up to 81% without loss of revenue to avoid stock-outs, differentiated price reduction up to 50% to avoid obsolecence, overall approx. 2% price increase and approx. 10% obsolecence/waste reduction.
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