Grocery Retailer Optimizes Shelf Prices

“Our goal in trying Yieldigo software for regular shelf price optimization was to increase our profit through truly optimal prices.”

+ 5.0% Profit Increase

while increasing turnover by 2.6%

Location: Slovakia

Industry: Grocery

No. of stores: 56

Turnover: 62 M EUR

“We achieved a 5% increase in profit within a month of implementation. This followed on extremely short 1 month integration phase. These results were obtained by comparing a test group of stores using YDG prices with a control group of stores.”

CEO

Yieldigo Services Provided

  • No upfront/implementation costs charged

  • Data integration to Yieldigo SaaS

  • Initial optimization engine setup

  • Optimal prices set in association with price constraints

  • Zone/format specific prices

  • IT cloud infrastructure

  • Benefits evaluation assistance

Challenges Overcome

  • Various promotion types

  • Keeping optimal price over promotion price

  • Article families creation

  • Incorrect data shape (promotion)

  • Avoided sending price changes for articles not listed at specific stores

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