Customer analytics is the operational lifeblood of progressive retailers. Improving merchandise planning and assortment optimization is the next logical step.| www.sas.com
Maximize sales and minimize inventory costs through effective assortment planning. Learn the key principles and best practices for retail success.| www.intelligencenode.com
To compete with retail giants, brands need to reassess their SKU strategy by optimizing SKUs and emulating Walmart's SKU look up facility.| Blog
“When online merchandising is done well, it may lead to higher conversion rates, larger orders, and more sales overall.”| Blog
With the customer-centric approach at every corner, assortment planning/optimization plays a bigger role in retail today than ever before.| Blog
Choosing the right products to stock is incredibly important — and often equally hard to achieve. In this piece, the authors offer a new approach to assortment planning. The approach is based on the idea that most of the time, customers aren’t looking to buy specific products; rather, they’re looking for a bundle of attributes. For instance, when customers consider buying a TV, they think about screen size, resolution, price, LCD or plasma, and brand. The new method uses sales of exist...| Harvard Business Review
Today, digital transformation is driving retailers and brands to find a new way of working. We saw it coming in 2012 when we decided to embark on a journey to build the world's largest retail product database for forward-thinking brands that need to integrate life-cycle pricing into their merchandising strategies.| www.intelligencenode.com