With advancements in distribution planning technologies combined with granular consumer intelligence, dynamic store assortments are a game changer in catering to the niche need of consumers
Connect with usHave you optimized your merchandise to meet the changing needs of spending generations? Highly likely you ought to be concerned with growing overflows, high OpEx, increased walk outs, and other poor assortment symptoms. With advancements in distribution and logistics plannings, maintaining dynamic assortments is not a future game anymore. With innovate cost optimization solutions like cross sourcing and floating warehouses, you can cater to the niche needs of your consumers seamlessly
Using advanced Machine learning techniques, AI can adjust the placement and display of products in real-time based on factors such as foot traffic, time of day, and sales patterns, ensuring that the most relevant products are prominently featured
Dynamically optimize markdown strategies based on consumer purchase choices, seasonality, inventory turnover rate, and market trends to meet specific objectives like inventory clearance, new product adoption, SKU rationalization, and many more
AI can help retailers design store layouts that maximize customer flow, product visibility, and sales opportunities by analyzing heatmaps and customer movement patterns within the store based on the network ping points and video analytics
Modelling for consumer purchase choices to quantify potential demand transference across products , unit loading effects , baseline shifts, cross price elasticity etc. helps you come up with ideal assortment mix specific to a store
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