Business Challenge
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To identify which products are being sold the most and are in high demand in that area and providing maximum profits.
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To identify the products often bought together.
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To maintain a demand-supply ratio to get maximum profit.
Solution Offered
We offered our client an automated-recommendation agent who takes customer information and product information as input and gives recommendations as output which is not only made for customers but the industry also.
Autobot helps in recommending the products, replacements, etc. to increase the profits.
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Our Bot helped to find out the products that are similar by using similarity algorithms.
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Our Bot also worked on the transaction history of the customers and found out the details like, products sold out the most, maximum profit on given items, the best time frame for a product getting sold, products that sold in pairs, groups. So, with the help of this information, we can suggest the products that are sold together using association rules.
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Our Bot also helped in finding out the best profit group of items by calculating the profit from each group of frequently sold things and put them together in the store.