AI. Next Purchase Forecasting
Navicon Next Purchase Forecasting is the solution to improve your cross-selling.
Sell 2 to 6% more complements.
Increase your sales turnover by up to 7%.
Diminish the loss of profit by up to 3%
Platform: Azure Machine Learning
You need to
Predict the probability of a purchase
Create the «Buy One, Get One Free» lists of goods smartly
Generate and predict the demand for major and minor goods
Minimize out-of-stocks for the most demanded goods
Plan the production/purchasing of goods properly
Improve the efficiency of marketing campaigns
The solution enables you to build a predictive model based on the current customers' transaction history.
Building customer behaviour patterns
The solution enables you to build customer behaviour patterns based on your interactions with the current customers, thus tangibly increasing the probability of their next purchase.
Building the list of the most demanded goods
The solution allows to create the list of the most demanded goods and helps you purchase those goods in a timely manner.
Templates for a wide range of tasks
Supports any modern methods of processing large data amounts
Fail-safety during heavy workload
Scalable set of algorithms