Revolutionizing IT Asset Pricing with XGBoost: A Success Story
By Zach Van Dorp
From 3 Hours to 30 Seconds: How One Company Transformed Their Pricing Nightmare
Picture this: Your pricing team spends 3 hours researching every single quote. They dig through spreadsheets, compare old invoices, and still argue about the final number. Meanwhile, your competitor just quoted the same customer in minutes.
This was the daily reality for one of our clients, an IT Asset Management & Disposal company. They were hemorrhaging time and money on a broken pricing process that was killing their growth.
The Hidden Cost of Manual Pricing
Every day, their team faced an impossible puzzle:
"What's this computer system worth?"
Sounds simple, right? But when you're dealing with hundreds of different configurations – different RAM sizes, various hard drives, multiple GPU options, countless brands and models – it becomes a nightmare.
Here's what their day looked like:
- Morning: Sales rep receives inquiry for 50 used computers
- Next 3 hours: Frantically searching through old quotes, calling colleagues, debating prices
- Result: A guess that might be $10,000 off target
The real damage? While they were buried in spreadsheets:
- Customers got frustrated waiting for quotes
- Competitors swooped in with faster responses
- Profit margins varied wildly (sometimes losing money without realizing it)
- Top salespeople wasted time on admin work instead of selling
The Real Cost of Inconsistent Pricing
When we analyzed their data, we discovered something shocking: Their inconsistent pricing was costing them significant revenue in lost profits and missed opportunities.
The problem wasn't their team – it was their process. They had years of valuable pricing data, but no way to use it effectively. Every computer component affected the price, but nobody knew by how much:
- Was the 16GB of RAM worth $50 or $150?
- How much value did that graphics card add?
- What premium should they charge for Dell vs. HP?
The Transformation: AI That Understands Your Business
We built them an intelligent pricing engine that changed everything. Instead of hunting through spreadsheets, their team now:
- Selects components from simple dropdown menus
- Clicks one button
- Gets instant, accurate prices for both buying and selling
Pricing values have been modified to protect company IP
The results were immediate and dramatic:
Before AI:
- 3 hours per quote
- Significant pricing variance between team members
- Lost deals due to slow response
- Stressed, overwhelmed team
After AI:
- 30 seconds per quote
- Consistent, reliable pricing
- Improved profit margins
- Team focused on customer relationships
What This Means for Your Bottom Line
Our client saw:
- Dramatic time savings - from hours to seconds per quote
- Massive increase in quotes processed daily
- Faster response times leading to happier customers
- Improved team morale with less frustrating manual work
But the biggest transformation? Their business model changed. Instead of being limited by manual processes, they could now:
- Pursue larger contracts they previously couldn't handle
- Expand into new markets with confidence
- Make data-driven decisions on every deal
- Scale without hiring an army of pricing analysts
The Simple Truth About AI in Business
You don't need to understand machine learning algorithms. You need solutions that solve real problems and deliver real value.
This client didn't care that we used XGBoost or feature engineering. They cared that:
- Quotes that took hours now take seconds
- Their pricing became consistent and reliable
- Their team could focus on growth, not spreadsheets
- They could confidently quote customers knowing their prices made sense
Is Your Business Leaving Money on the Table?
If any of these sound familiar, you might be facing similar challenges:
- Complex pricing decisions that take too long
- Inconsistent quotes from different team members
- No clear understanding of what drives your costs
- Manual processes that can't scale with growth
- Valuable data that's not being used effectively
Every day you wait is money lost. While you're reading this, your competitors might be implementing solutions that will leave you behind.
Ready to Transform Your Business?
We've helped companies across industries turn their data into profit. Whether it's pricing, inventory, customer behavior, or operational efficiency – if you have data, we can help you use it to make more money.
Don't let manual processes hold your business back. Let's talk about how AI can transform your specific challenges into competitive advantages.
Take the first step: Contact Artemis Software and Analytics today for a free consultation on how AI can revolutionize your business operations. Because in today's market, the question isn't whether to adopt AI – it's whether you'll do it before your competitors do.
Ready to transform your business with AI?
Let's discuss how we can solve your specific challenges with custom AI and data solutions.