Retail

Retail Industry has functions/sub-functions that can leverage DS & AI to provide support for decision making and sales forecasts which will benefit the retail stores and improve customer experience and retention.

Here are some of the solutions that DS & AI can provide in this industry


Merchandising

  • Assortment Planning
  • Price Optimization
  • Competitive intelligence
  • Market Basket Analysis
  • Private Label Analysis

Customer Experience

  • Loyalty Analysis
  • Customer Lifetime value
  • Retention analysis
  • Survey analysis
  • Sentiment analysis

Store

  • Store Profitability Analysis
  • Shelf space optimization
  • Labor Optimization
  • Out of stock reduction
  • Pilferage/Loss reduction
  • Layout Management and Optimization

Strategy and planning

  • Sales Planning and forecasting
  • Decision support and reporting
  • Market research and survey
  • Point of sales Analysis

Marketing

  • Customer Segmentation
  • Promotion effectiveness
  • Market mix analysis

Logistics and supply chain

  • Supplier Performance rating
  • Inventory planning and replenishment
  • Route Optimizations

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