Complimentary Live Webinar
May 4, 2016
12:00 p.m. – 1:00 p.m. (EDT)
Followed by a live Q&A on Facebook
Retail is fast evolving into a complex multi-channel highly competitive environment. Sellers are faced with various business constraints, including the inability to conduct extensive experimentation, limited inventory, and high demand uncertainty. These companies are already lean so there is not much room to cut costs. So how can retailers in this environment maximize revenue while maintaining demand for the products? How can sellers leverage accessible data, online experiments, and new analytic technologies to increase revenue and improve margins?
Join MIT Professor David Simchi-Levi on May 4 for The New Frontier in Price Optimization to learn a cutting-edge, demand-shaping application that can have a tremendous impact on retailers’ top and bottom lines. In this complimentary, one-hour webinar, Professor Simchi-Levi will present recent breakthroughs in the development of models that combine "machine learning" and optimization for pricing that significantly improve revenue and reduce inventory risks.
Participants of this webinar will learn:
- How to identify profit-maximizing prices and predict sell-through levels at any point in time
- Insights on models and algorithms that combine “machine learning” and pricing optimization to significantly improve revenue
- How implementations at companies such as Rue La La, Groupon, and a large South American online retailer are delivering huge results
- How data from items that did not stock out can be used to predict lost sales of items that did
Who should attend:
This webinar is designed for senior managers and retailers who are responsible for the general business and strategic management of product supply, development, revenue, and pricing.
About the presenter:
David Simchi-Levi is a Professor of Engineering Systems at MIT and the Co-Director of Leaders for Global Operations. He is considered one of the premier thought leaders in supply chain and business analytics. His research currently focuses on developing and implementing robust and efficient techniques for operations management. He is widely published in professional journals on both practical and theoretical aspects of supply chain and revenue management.
Learn innovative strategies and best practices for improving supply chain performance in Simchi-Levi’s short course, Supply Chain Strategy and Management.
Check out the INNOVATION@WORKTM Webinar Series archive.