COGS
Management
Get early warnings for the potential cost of goods sold increases, and take proactive measures to mitigate financial risks while controlling costs.
Shift from reactive to deliberate COGS management
Go from…
- Reactively fixing issues as they arise
To…
- Identifying and addressing potential COGS changes early on, via Copilot insights
- Taking weeks or months to adjust to COGS changes
- Mitigating risks before they affect profits significantly
- Inflexible pricing strategies
- Adjusting product pricing dynamically in response to changes in COGS
- Adjustment process inefficiencies
- Eliminating the time required for manual, error-prone work
How it Works?
Get early warnings for potential COGS increases, mitigate risks, control costs, and leverage dynamic pricing adjustments to safeguard profit margins with AI.​
1.MONITOR
Detect future commodity price increases with COPILOT.​
2. TRIGGER & UNDERSTAND
Review commodity future price trends for relevant commodities affecting your business KPIs on the platform.
3. OPTIMIZE & PLAN
Build a new pricing strategy based on Cost of Goods Sold (COGS) expectations and share it with team members for approval.
AI's Predictive Power: Safeguarding Against COGS Increases
AI excels at processing and analyzing an extensive array of data sources while adapting to dynamic market conditions. Its predictive capabilities are invaluable for both anticipating and proficiently mitigating potential COGS increases.
Furthermore, it extends beyond prediction, as it empowers scenario analysis. By manipulating variables and parameters to simulate various situations, AI assists in comprehensive risk assessment and ensures that you are well-prepared to navigate cost fluctuations with precision and foresight.
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