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The Subtle Art (and Science) to Successful Retail Allocation

Knowing how and where to allocate products to the right stores can make or break a retailer. We live in a consumer-centered world. For better or worse, thanks to companies like Amazon, customer delivery expectations have changed so that they expect to get what they want and when they want it at the single click of a button. Often, this product can arrive on their doorstep the very next day.

Not wanting to be left in the dust, many brick-and-mortar stores are utilizing tools enhanced with artificial intelligence to master the subtle art of retail allocation. In today’s retail landscape, companies who do not utilize advanced analytics to allocate their products will be left behind or even fail completely. 

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Topics: data overload, allocation, artificial intelligence, inventory optimization, ecommerce, brick-and-mortar retail, data, cross-channel demand, advanced analytics, technology adoption, customer preference, accuracy, demand prediction, markdowns

The Seven Deadly Sins of Retail

The retail industry of today is a hyperactive and ever-changing environment, ripe with emerging technologies, competition, and an opportunity for those able to navigate through the waters of uncertainty. Retailers today not only need to be able to see through the smoke of change to determine the best path forward but also need to avoid the most common mistakes that have marked the end for past retailers. Here are seven deadly sins to avoid in today’s retail environment.

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Topics: data overload, artificial intelligence, inventory optimization, ecommerce, brick-and-mortar retail, innvoation, data, advanced analytics, technology adoption, customer preference, speed, accuracy, demand prediction, markdowns

Talks You Don't Want to Miss at Shop.org 2017

Shop.org, the annual e-commerce conference for retailers, is just around the corner and we are sooo excited.

In light of the upcoming event, we highlighted some of the most interesting items on the agenda—just for you. 

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Topics: data overload, customer experience, retail technology, e-commerce, in-store technology, shop.org, consumer insights

Creativity and Gut Instinct are Back in Retail, But For a Surprising Reason

In a recent Retail Wire article, author Carol Spieckerman recounted a podcast conversation she had with Graeme Noseworthy, senior content marketing manager at IBM Analytics, in which they concluded that that the impact of big data on the retail industry could be categorized in one of four distinct ways.  

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Topics: data overload, retail analytics, retail trends

It’s OK to Trust Your Gut... Right?

I “go with my gut” on a lot of things. This is especially true when I don’t have the right information to back up a confident decision. Most of us are wired so that we rely on our instinct, yet balance it with tangible information (data) where possible. In these situations, our minds are aligned with our gut, usually resulting in better overall decisions. But what if there is an imbalance?

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Topics: data overload, allocation, decisions

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