Quantzig, a global data analytics and advisory firm, that delivers actionable analytics solutions to resolve complex business problems has announced the completion of its recent engagement that analyzes the role of price optimization in the silicon wafer manufacturing sector.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200220005037/en/
The semiconductor industry’s growth trajectory is poised to improve with the rising demand for embedded devices and consumer electronics, and so are its challenges. How can one sustain a competitive edge in such an environment, you ask? Request a FREE proposal to learn how.
The silicon wafer manufacturing industry is fraught with challenges owing to several factors that are directly or indirectly connected to the business processes and pricing. This has prompted leading manufacturers to not only examine avenues for reducing capital expenditures but also to look for ways to generate new revenue streams. However, the emerging segments will provide silicon wafer manufacturers with new opportunities to innovate and enhance margins. But this is possible only with the right pricing strategies and price optimization models. This success story is one such example where the use of the right price optimization models helped a leading silicon wafer manufacturer to enhance margins and drive growth.
The evolving megatrends within the silicon wafer manufacturing sector are set to bring about waves of transformations across segments. Request a FREE brochure to gain comprehensive insights into these trends.
According to Quantzig’s pricing analytics experts, “With the semiconductor industry witnessing several disruptions, there is a growing need for players to innovate and drive improvements in pricing to sustain a leading edge.”
The Business Problem: The client- a leading silicon wafer manufacturing company based out of Belgium, witnessed a sharp decline in sales owing to the market volatility and rise in competition. This is when they realized that pricing optimization would help them improve sales and business outcomes in certain segments.
The silicon wafer manufacturing industry has seen massive consolidations, unprecedented R&D spending, and a rise in innovation, which are expected to increase in the coming years. Speak to our analytics experts to learn how pricing analytics solutions can help you address these issues.
The Solution Offered: To help the client tackle their challenges, our pricing analytics experts adopted a comprehensive three-phased approach that involved a combination of data modeling, machine learning, and advanced algorithms to develop a sophisticated, NLP based price optimization model.
Quantzig’s price optimization solutions also helped the client to:
- Improve the efficiency of operations
- Achieve a 48% improvement in win-rate
- Increase revenue by 65% increase
Read the complete success story for comprehensive insights on the role of price optimization in the silicon wafer manufacturing industry: https://bit.ly/2VbmRwC
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal