Sell the right product at the right price and ensure availability
Consumer packaged goods (CPG) companies face a challenging mix of industry forces. The hard things are still hard – creating products people will buy and love and ensuring these products are on the shelves at the right time. In addition, consumer preferences and shopping habits have been changing dramatically, and difference between markets around the world have become more pronounced. Data science can help CPG companies take these shifts in stride and excel.
Employ price and promotions with precision
Leverage all available data – seasonal demand, competitors’ prices, supplier volumes, etc. – to adopt the best possible price and promotional strategy at each moment, in each market.
Match supply with expected demand
Forecast the demand for products and adjust production plans accordingly. Ensure the right volume of product is in the market at all times.
Optimize supply chains, forward and back
Manage supply and delivery chains, reducing risk of outages. Ensure finished goods get into consumers’ hands reliably, and production inputs arrive on time and cost-effectively.
Lightning Fast Data Science
RapidMiner is a software platform for data science teams that unites data prep, machine learning, and predictive model deployment. Organizations can build machine learning models and put them into production faster than ever, using RapidMiner’s lightning fast visual workflow designer and automated modeling capabilities. More than 350,000 data scientists in over 150 countries use RapidMiner products to drive revenue, reduce costs, and avoid risks.