As SKU management is getting a lot of attention, there is need for robust solutions based on real customer buying behavior, to help companies maintain their SKUs on an continuous basis. The value is high sales, higher margins and improved customer service
By John Maller
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Posted in Uncategorized
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Also tagged Amazon, assortment planning, basket analysis, basket size, cross sell, merchandising, merchandizing, product affinity, retail analytics, sku rationalization, upsell
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February 2, 2010 – 7:55 am
As you investigate analytics for your business, here are a few best practices:
- The analytics need to be focused by business function.
- The analytics needs to answer the question “What do I do with this result” and “what is the business value”.
- The analytics should make your job easier, and the recommendations should want you coming back to it over and over again.
By John Maller
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Posted in Uncategorized
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Also tagged analytics, business analytics, buying patterns, cross sell, merchandising, multichannel ecommerce, patterns, product affinity, retail, suggestive selling, upsell
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