Repricing Software 'Cifra Project: Repricing' Recomputes Retail Prices for Minutes

MOSCOW, Russian Federation - Dec. 23, 2017 - PRLog -- The importance of online repricing consists in the fact that it affects the sales volumes and maintenance of a specified level of Sell-out stock upon condition of maximizing the margin throughout the chain. At present the solution undergoes testing in one of the largest Russian retail chains.

The product 'Cifra Project: Repricing' consists of the following components.

Data Storage and Sata Uploading System is Microsoft SQL Server database including both initial data for analysis of goods balance, prices, discounts and other information used by the calculation engine and storage of calculation parameters and results.

Calculation Engine is used for calculating price variants and results according to the rules set by the user. It contains both blocks that cannot be changed by the user and high-speed block for in-database calculations in which repricing algorithms that can be changed by the user are set. In-database calculations use the latest capabilities of MS SQL Server and Analysis Services Tabular Model column-store databases. It is also possible to use additional calculation mechanisms, for example, for demand forecasting. At present one calculation cycle for hundreds of stores and thousands of stock items is 10-15 minutes.

Automated workstation for the analyst incorporating the following capabilities: setup of calculation parameters in the startup window, selection of assortment and stores for inclusion in the calculation, and setting of limits for economic values.

The Embedded Data Analysis System allows viewing source data and disclose the progress and results of calculations made by the computer.

According to Kirill Fridlyand, Partner and Expert for Logisitics in Cifra Project Company: "The automation allowed removing the limits and discovering the possibilities for further improvement of stock repricing logic and complicating the control of calculation parameters. We also made a high speed calculation model open, that is to allow expert specialists to independently change the calculation formulas".

Cifra Project (http://cifraproject.com/en) develops intelligent applications for decision making by humans and machines. A team of experienced specialists models, develops and implements for enterprises the high-performance expert systems with elements of Artificial Intelligence. Solutions of Cifra Project are used to plan and optimize stock and logistics processes, to analyze and plan marketing activities, to plan and optimize production.