Wiremind Cargo has enhanced its CargoStack CMS suite with the addition of a Revenue Optimization System developed under the CargoTech innovation umbrella.
The Revenue Optimization System is a decision support tool designed to help sales steerers and flight controls in their jobs.
For Revenue Management, the system recommends an Entry Condition to help flight controllers to decide on which bookings to accept on the flight.
A rate recommendation for spot requests is provided for pricing, and for overbooking, the system provides advice on the expected show-up rate of booked cargo.
The system not only provides advice based on AI models, it also offers flexibility by allowing rules to be set by the user, especially in cases where there is less data, such as on a newly launched route.
CargoStack Revenue Optimization displays key market insights to help decision making including live market data to assist flight controllers.
Nathanael de Tarade, CEO of Wiremind Cargo, says, “In an industry-first software, our advanced data science algorithms leverage the data available in CargoStack together with live and historical market demand information based on aggregated search data. The result is a fast and convenient tool providing clear analytical insights, and one that Sales Steerers and Flight Controllers will actually use because it really does make their life easier.”