Predictive Analytics Times
Predictive Analytics Times
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retalon

5 Common Mistakes Multi-Channel Retailers Make, and How to Avoid Them

  Multi-channel retailers are often finding themselves stuck in a vicious cycle of failed promotions, inventory distortion, and endless markdowns which result in decreasing gross margins, and lost sales. Yet all these challenges have only a handful of drivers that when properly tweaked can unlock hidden opportunities and revenue. In this article, we will...

Using Predictive Analytics to Bring Retailers Closer to Their Customers

 Based on the amount of retailers that have been forced to shut their doors in 2015 alone, there is a major shift that is moving through the retail industry at full force. (Here’s the...

Predictive Analytics Optimizes Prices and Markdowns for Retail

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It’s Predictive Analytics, not Forecasting!

 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...

Retail Predictive Analytics for Price Optimization & Markdown Management

 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...

How to Calculate the Optimal Safety Stock using Retail Predictive Analytics.

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...

7 Ways Predictive Analytics Helps Retailers Manage Suppliers

One of the most challenging aspects of the retail process is the collaboration between retailers and their suppliers or vendors. No matter how prepared a retailer can be they are still dependant on the...

Predictive Analytics Helps Solve Retail Allocation Challenges

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,...

Yan Krupnik, Business Development Manager, Retalon

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...