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.
Discover the products that bring this vision to life:
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Need more information? Take a look at our latest webinars, blog posts and insights listed below.
Revenue.AI Elevates the Pricing Strategy World Summit 2024 as a Silver Sponsor
We are happy to share that we are sponsoring the 7th Pricing Strategy World Summit, taking place in Munich on April 16th-18th.
Decoding Inflation: FMCG Pricing Challenges and AI-Driven Solutions
Decoding FMCG pricing amidst inflation, this inflationary pricing article reveals AI’s game-changing role, for turning challenges into opportunities and ensuring business resilience in a shifting market landscape.
Revenue.AI is a Gold Sponsor of the 7th Pricing & Revenue Management Summit
We are happy to share that we are sponsoring the 7th Pricing & Revenue Management Summit hosted by Luxatia, taking place in Berlin on March 14th-15th.
