Maximise your profitability with Profit Optimization
Set prices your customers and CEO are looking for.
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Automatically find the most profitable price point
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Fully AI-driven optimization
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Quick and easy setup
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Bullet proof results
5/5
Jaikaran Sawhny
Chief Product Officer, iVisa
+40% increase in revenue
Truly astonishing!
Match the demand and most profitable price points automatically.
Trusted by industry leaders
Benefits of Profit Optimization Software
Accurate price and profit optimization with state-of-the-art AI and machine learning models.
Increase your profitability
Maximize profits with our AI-driven profit optimization software.
Fully automatic
Use preset AI models or tune your own model to optimize your pricing profitability.
Make the most of your demand
Let our AI to find the best possible price your customers are willing to pay.
See live results
See results after every price change on how your profits and demand are developing.
Highlighted features of our Profit Optimization Software
Real AI for real world
Sniffie uses reinforcement learning method and suits well also for lower volume products.
Convenient to use
Clever grouping
Features of our Profit Optimization Software
Real AI for real world
Convenient to use
Clever grouping
Customer case results
+100.000€ improvement in profitability in the first months alone with profit optimization.
Start today!
PLUG TO YOUR ECOSYSTEM
Integrate to any platform
Just plug your Ecommerce platform, ERP or PIM into Sniffie. Sniffie operates as your pricing master and starts pulling data from your systems and learning from both past and new transactions — and you’re ready to start optimizing your prices.
Plug-and-play integrations
FAQ
Profit optimization is a process where your products are set to a price point that will deliver you the best possible financial outcome. The simple profit formula is calculated by multiplying the amount of products sold (volume) and the profit margin per product (price-all costs). The optimization process also takes into account product cannibalisation (sales increased in one product lowers the sales in other products) and other relevant costs (marketing, product returns) that would lower your total profits.
Sniffie profit optimisation module is based on enforced learning method which tests your shops real demand and starts to learn from the process. The process starts with a learning phase where the AI is given automatically your transactional history (orders). From that learning the machine starts to find out which price point will be the most optimal in terms of total profit (volumes X profit).
Profit optimisation works best for the products that are harder to compare online. Such product are often private labels and therefore have no comparison online. All products can benefit from profit optimization.
Every business is in it to make a profit. Profit optimisation is used to improve your profitability. Profit optimisation can be done manually, yet it is time-consuming and needs professional expertise. Our approach is fully automatic and reliable. So the answer to your question is: to make a better profitability.
Absolutely yes. You can modify whatever parts of the optimisation process and our customer success team can also guide you in the process.
Basically a good thumb rule is that you would need to have 5-10 products sold per week. The more there is, the faster and solid the process is.