This article explores how Thompson Sampling leverages AI to refine dynamic pricing strategies and maximise profits in unpredictable markets.
Author's Articles
This series of articles explores dynamic pricing's effectiveness and the challenges caused by fluctuating market conditions.
The bullwhip effect is a significant concern for many manufacturers, distributors, and retailers, as it deals with fluctuations when one moves up the supply chain. In this article, the author outlines what it is and how FP&A teams can reduce the negative impact of this effect.
To be successful, organisations need to have good communication between functions. Although interconnected, they usually have different objectives. There are some best practices that organisations should keep in mind to have smooth cooperation between departments.