The Power of Predictive Analytics for Retail Replenishment - Machine Learning Times - machine learning & data science news
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6 years ago
The Power of Predictive Analytics for Retail Replenishment

 Replenishment is an essential process in the retail supply chain. It is a key link in the chain that is interconnected with other functions such as allocation, promotions, planning, assortment, vendor compliance, and more. Furthermore, it is a function that can be tweaked, and optimized to see immediate cuts in inventory costs, and an increase in sales and customer service levels. However it’s a complex calculation considering the factors that are involved, and the sheer magnitude of Store/SKU combinations for a retailer of a decent size. In fact replenishment can not be looked at separately without considering the omni-channel reality

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