AI-driven Price Optimization for Pet Supplies Retailers
Maximize profit without compromising on margins and customer loyalty with Competera’s Price Optimization.
Reach your goals with Competera
The combination of ML models and pricing rules helps pet supplies retailers to grow sustainably and reach business goals.
Minimize the negative impact of promo campaigns on financial metrics
Manage prices with a single tool capable of advanced predictive analysis
Reduce risk of mistake and find optimal repricing scenarios with “what-if” analysis tool
Find optimal price optimization strategies with What-If simulation tool
With Competera, pet supplies retailers can test various pricing and promo scenarios based on data-driven analysis.
Set the constraints and parameters of the repricing campaign you would like to test and get the estimated impact the scenario will have on key business metrics.
Define the role of each product in the portfolio and use the optimal repricing approach
Competera’s ML algorithms allow retailers to segment assortment automatically taking into account the total influence of competitors on sales, a share in the revenue by each product, own elasticity of the product at a regular price, promotional elasticity, marginality, etc.
Eventually, you can apply a rule-driven, elasticity-based, or a combination of approaches to each type of product group (KVI, long tail, cash generators, exclusive range products etc.).
Competera Case Studies: Proven by Numbers
Read how Competera helps different types of retailers
Once you choose Competera, we will provide you with a personal solution and pricing experts from the Competera team. They will guide you step-by-step through your journey to optimal pricing.