CASE STUDY Detail

ML-Based Price Prediction Engine for Optimizing Supply, Demand, and Pricing

Industry
Consumer
Technologies
Amazon SageMaker
capabilites
AI and Advanced Analytics

Business Impact

Automated Optimal Price Estimation

Improved Forecasting Efficiency

CI/CD Enabled Retraining Pipeline

Cost and Time Savings Through Automation

Table of Contents

Business Objective / Goal

To build an ML-driven predictive pricing engine that could accurately forecast monthly supply, demand, and pricing for different food product categories, improve decision-making, and reduce time and cost spent on manual estimations.

Solutions & Implementation

  • Developed a Machine Learning-based price prediction engine on Amazon SageMaker for real-time estimation of optimal product pricing.
  • Integrated the solution with a CI/CD pipeline using Amazon CodePipeline and CodeCommit for seamless model retraining and deployment.
  • Cleaned and engineered data to identify key pricing factors across commercial, retail, and international customer segments.
  • Deployed the entire workflow using Docker, Lambda, and API Gateway for scalable and serverless execution.
  • Hosted services on AWS EC2 with APIs exposed via Flask for model interaction and consumption.

Major Technologies Used

  • Amazon SageMaker – ML training and deployment platform
  • Amazon CodePipeline, CodeCommit, ECR – For CI/CD orchestration
  • AWS Lambda, EC2, API Gateway – For serverless and scalable API services
  • Python, Flask, Docker – Core language and application framework stack

Business Outcomes

  • Automated Optimal Price Estimation  Enabled accurate price prediction across all food categories, reducing manual effort.
  • Improved Forecasting Efficiency Used ML models to augment and refine monthly supply-demand predictions.
  • CI/CD Enabled Retraining Pipeline  Deployed a flexible retraining mechanism with AWS CodePipeline for scalable model updates.
  • Cost and Time Savings Through Automation Replaced manual market forecast processes with a data-driven, ML-based system.
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