Curated News
By: NewsRamp Editorial Staff
April 24, 2024
ToolsGroup Launches PromoAI: Revolutionary New Retail Promotions Optimization Solution
TLDR
- Retailers can maximize sales lift and minimize margin sacrifice with the new PromoAI solution from ToolsGroup.
- The PromoAI solution uses patented pricing algorithm and planning workflows to optimize promotional strategies.
- PromoAI empowers retailers to ensure that every promotion delivers on promised returns, critical to profitability and customer satisfaction.
- PromoAI introduces features to build scenarios and simulate the impact of multiple promotional strategies, revolutionizing retail promotions.
Impact - Why it Matters
The launch of PromoAI by ToolsGroup is significant for retailers, as it provides a solution to the inconsistent nature of promotions, allowing retailers to optimize critical elements such as timing and discounts. This empowers retailers to tailor promotions to appeal to the unique customer base of each channel and ultimately maximize profits. The solution also offers streamlined processes and less manual labor, contributing to growth in brand value, customer satisfaction, and brand loyalty.
Summary
ToolsGroup, a global leader in retail and supply chain planning and optimization software, announced the launch of their new PromoAI Solution, designed to maximize sales lift and minimize margin sacrifice for retailers. Built on ToolsGroup's pricing algorithm, the solution empowers retailers to simulate the impact of multiple promotional strategies at once and choose the best outcome for their business priorities. The solution aims to ensure that every promotion delivers on promised returns, critical to profitability with working capital invested in inventory at a premium.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, ToolsGroup Launches PromoAI: Revolutionary New Retail Promotions Optimization Solution
