- Bidder notification was a challenge
- No chance of cross-selling opportunity of any material
- Price estimation challenge
An E-Commerce company, offers a wide range of e-Selling, e-Sourcing, e-Finance, and Knowledge services across diverse industry verticals that empower businesses with greater process efficiencies.
Requirement 1 - Bidder Notification: There is a big challenge in deciding which bidders need to be notified about which auction.
Requirement 2 - Cross-Selling Opportunity: There was no such chance of cross-selling opportunity of any material which may be relevant to a bidder though initially, he didn’t show interest in that material.
Requirement 3 - Pricing Estimation: Estimated Price before the auction in a scientific way as based on this client prepares the reserve price.
Cluster Analysis allows us to group similar data.
Helps in identifying patterns between data elements.
After a clear structure emerges, it allows easier decision-making.