Demo Overview
Businesses with a regular influx of high-volume prospective-customer queries, such as Logistics, find it challenging to quote a competitive price to the prospect based on a wide variety of inputs. This is especially true when the agent has to ensure a Price Quote or Spot Pricing with a rapid bid conversion and closure while keeping profit margins intact.
Introducing Datamatics Dynamic Pricing Engine for Logistics, which is powered by Agentic AI and Supervised Machine Learning models, such as Random Forest, SVM and ANN. These AI models are trained and retrained on domain-specific data that helps the engine or pricing simulator to predict the right price for transporting Less than Truckload or LTL shipment by considering a different set of attributes.
Datamatics Dynamic Pricing Engine enables dynamic, aggressive pricing or Spot Pricing, improves customer bid winning ratio from 12% to 38%, and increases overall revenue projection by 20%.
