Price determination agent

request
Request
Automatically determine the optimal price for customer orders of metal bars or plates based on specified variables in an e-commerce platform.
approach
Approach
A powerful data collection engine aggregates prices for base metals and alloys from various sources (such as the London Metal Exchange and Assomet database). This data feeds a sophisticated algorithm that considers multiple variables - cutting time, chippings from cuts, waste parts, forklift usage, stock levels and price time series - to establish the correct selling prices.
result
Result
Since 2005, the solution has delivered:
  • Enhanced efficiency in pricing decisions by reducing manual effort and ensuring consistency
  • Increased profitability through accurate, optimized pricing
Categories
Type
  AI & Data Science
Need
  Benefit
  Business function
  Industry
  Business Model
  Business Size
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