Case Study

Dynamic Pricing Model Using Machine Learning Enables an Office Supplies Company to Drive Automation and Maximize Profits

Dynamic Pricing Model Using Machine Learning Enables an Office Supplies Company to Drive Automation and Maximize Profits

Pages 4 Pages

A privately labeled office supplies company used Excel formulas to set daily SKU prices, but needed a more automated, data-driven way to optimize price versus profit using historical trends and have results ready before business hours. Synoptek built a central database to sync data from multiple digital marketplaces, performed exploratory analysis and data cleaning, and trained regression models including Random Forest to predict SKU-level optimal prices and set min/max price bands. The solution reduced manual data extraction and enabled flexible intra-day pricing experiments, with outputs delivered in Excel plus price-versus-profit graphs per SKU. Outcomes included about 3 hours saved per day for analysts, 70% higher productivity, 80% reduction in manual processes, and 30% increase in tot

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