Retail & CPG
The integration of data and AI in the retail industry is revolutionizing decision-making, customer engagement, operational efficiency, and supply chain management. Retailers that effectively leverage these technologies can gain a competitive edge in a rapidly evolving marketplace.
SKU Assortment Optimization
The SKU Assortment Optimization solution offers Retail and CPG companies an innovative way to manage product assortments across their business, ensuring each outlet gets the best product assortment based on local customer needs and preferences.
Basket Analysis & Product Recommendation
Market basket analysis or product recommendation is where you take inventory and point-of-sale data to predict which combinations of products will sell the best. With a clean sales history, businesses can identify which products tend to be purchased together with the solution. Simply speaking, it allows retailers to identify relationships between the items that people buy.
Advanced Demand Forecasting
Advanced Demand Forecasting enables organizations to understand:
- How incremental variances in a given individual factor impacts demand.
- How variances in one factor can impact another factor (e.g., the extent to which increasing sales staff numbers reduces customer wait times).
- Which factors may have different impacts in different geographies or markets.