This is my final article for this year. It’s hard to imagine that it’s almost 2014, and yet I can’t tell you how many times I’ve found myself in the following situation: I meet someone at a...
There is no doubt that price is one of the biggest factors affecting gross margin, sales volumes and overall customer service level in any retail organization. A small adjustment in price can significantly alter consumer demand, profit,...
In a perfect world, a retailer knows exactly how much demand they can expect, they order just enough inventory from their vendors and suppliers to completely sell it throughout their stores by the end of the given...
We’ve already discussed why predictive analytics works so well in the retail industry. In order to illustrate a more pragmatic example of the kind of complex challenges predictive analytics technology helps retailer solve, we look at...
Yan Krupnik graduated from Ryerson University in Toronto, Canada, and is currently the Business Development Manager at Retalon, the world’s leading provider of predictive analytics for retail. Since 2002 Retalon has optimized pricing, inventory management, merchandising, planning,...
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