Business Problem
A large retail company wanted to optimize their product portfolio to maximize their margin. By carefully analyzing their current product lineup and identifying which products are generating the highest margins, they wanted to make decisions about which products to focus on and which ones to discontinue. By optimizing their product portfolio in this way, the retail company wants to ensure that they are making the most profitable use of their resources and providing their customers with the best possible value.
LOGIBLOX Solution
With LOGIBLOX advanced cluster optimizer, you can analyze data on various products and group them into clusters based on their similarities. This allows businesses to identify which products are performing well and which ones need improvement. By adjusting the product share for each cluster, LOGIBLOX could help to increase their profit margins and make data-driven decisions about their product offerings. Overall, LOGIBLOX is a valuable tool for businesses looking to optimize their product portfolios and increase their profitability.
With LOGIBLOX, it`s very easy to:
- Highly optimize complex product portfolios at much lower costs
- Greatly speed up analytics to deliver insights when needed
- Use instant insights to make better decisions and optimize processes
Speed
Gain product insights 10x times faster right from the expert point of view compared to traditional IT-backed analytics processes.
Efficiency
Make your product portfolio more profitable through the power of AI.
Transparency
Understand and trust the outcome by validating each step.