"No one is harder on a talented person than the person themselves" - Linda Wilkinson ; "Trust your guts and don't follow the herd" ; "Validate direction not destination" ;

October 23, 2020

Retail Analytics Use cases

Garner Paper Link 

Retail Use Cases
  • Product purchase history analysis (POS and transactions)
  • Competitive analysis (benchmarking competitors, market share, etc.)
  • Multi-channel frequent shopper or loyalty tracking
  • Market basket analysis
  • Inventory optimization
  • Replenishment optimization
  • Social media analytics
  • Campaign analysis and forecasting
  • Promotion optimization
  • Price optimization (modeling for pricing elasticity, sales & margins)
  • Markdown optimization
  • Assortment optimization
  • Pricing Intelligence (competitive pricing data)
  • Space optimization
  • Predictive analytics
  • Data visualization
  • Multi-channel customer behavioral segmentation
  • In-store shopper tracking analytics
  • Pricing (based on market data)
  • Demand Generation
  • Prediction and Forecasting
  • Merchandising (product mix & placement)
CX Experience
  • Shopper tracking capability
  • In-store video analytics
  • Mobile devices for associates/ manager
  • WiFi for customers
Happy Learning!!!

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