Academic Partner:Athlone Institute of Technology
About the Company
Allsop provides custom built software to customers where ‘off-the-shelf’ solutions are not available. This software is designed to extend current back office software functionality. The company works with a wide range of clients to deliver custom software solutions that are transforming the way their business operates e.g. working with Brakes Food Service it delivered a mobile delivery solution which helped Brakes to optimise driver routes. The project reduced driver administration by 50% and resulted in an overall increase in company profits of 3%.
To deliver an intelligent price optimisation software tool that will present the user with the optimum price per product, customer category, by date etc., using Artificial Intelligence (AI) to model all environmental factors such as geography, climate etc., replacing the current manual process. It will identify outlets with, for example, similar products, similar type of location, similar footfall yet different sales or profit levels. Analysing such data will enable Allsop’s customers to gain a better understanding of the elasticity of price within their retail outlet.