22. May 2015

Retail

SimCog develops predictions for total revenue, sales quantities and return shipments

When will a customer purchase the next time? What will be her purchase and how likely will be a return of shipment?

Total Revenue

Increase the efficiency of your personnel planning and be ready for sales peaks. SimCog will deliver per-hour-predictions for the next 7-10 days on the number of customers visiting as well as the total revenue reached. With our tool, you can also optimize your merchandise management and find the ideal timing for discount campaigns.

Purchase Decisions

Beside the number of customers, it is also possible to predict the behaviour of customers in your shop, be it offline or online. With the SimCog prediction, you will be able to have a prognosis on sold products for different time intervals. SimCog will deliver predictions for different groups of products on a weekly or monthly basis for controlled replacement reordering or early detection of need of action.

SimCog customers were able to profit from an optimized price decision or an improved managment of discount campaigns.

Return Shipments

With our self-lerning RSO (Return Shipment Optimizer) modul, SimCog provides predictions for the probability of a returned shipment during order transaction to a high degree of precision. Consequently, your company will benefit from

  • Cost savings due to identification of potentially product returning customers in real time,
  • Reduction of costs of personnel and shipping, and
  • Automatic selection of suitable marketing tools

SimCog explained

SimCog Technologies GmbH
Elbchaussee 1
22765 Hamburg
Germany
info[at]simcog.de
+49 40 4665 658 0
© 2018 SimCog Technologies GmbH