RETAIL AND E-COMMERCE
Applying Data Science to one of the most dynamic industries - sale of used cars.
About the customer
Timing is a critical factor in the business of used car sales. Lot of variables go into determining the price of a used car - availability of cars, inflation, number of young people starting their professional lives, and so on. An established national dealer of used cars wanted to bring in predictability into this business, and hence got in touch with ORMAE.
The following objectives had to be addressed:
The system analyzed sales trends and inventory levels to recommend optimal discount rates, balancing clearance needs with profitability
Predicted the offer price and sales price for absolute margin
Automated business heuristics through a customized algorithm
ORMAE’s solution for the road construction contractor succeeded in predicting batching plant failure in advance through early warning signals (3 – 4 days).
Looking for collaboration?
Send an email to bd@ormae.com
for availability and enquires.
