BetterBasket
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About
BetterBasket is an AI-powered solution designed for grocers to automate and optimize their pricing strategies. It integrates competitive data, internal metrics, and pricing strategies to generate price recommendations through its AI algorithm. The platform allows for flexible, customized pricing rules with automatic conflict resolution, saving time and reducing manual errors. It provides real-time competitive data, monitoring pricing and product availability across 20k+ zip codes and 100+ merchants with daily data refreshes. Grocers can leverage real-time elasticity data to boost profitability by up to 8% and identify key items, price changes, and promotions. BetterBasket also offers digital tags to eliminate manual paper tag updates, reducing errors and freeing up staff. The tool helps grocers put pricing updates on auto-pilot, anticipate competitor pricing with real-time tracking, and evaluate promotion effectiveness with lift metrics.
Platform
Task
Features
• digital price tags for automated updates
• ai-driven price optimization
• daily data refreshes
• real-time competitive data monitoring
• automatic rule conflict resolution
• flexible, customized pricing rules
• integrated competitive data ingestion
• ai algorithm for price recommendations
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