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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory? How do you calculate optimal safety stock levels?

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. What is the optimal pricing/markdown strategy to sell off inventory by end of season while a staying away from lost sales, and dead inventory? How do you calculate optimal safety stock levels?

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Jason & Scot Show Episode 251 Annual Predictions 2021

Retail Geek

Jason: [4:27] Yeah I want to say their stock was at 450 when you made that prediction and you can get it for the budget price of 1193 right now. Jason: [43:25] We do not up perfect way but a number of the the stock analysts report on that emarketer has done, estimates on them in the past and some pieces of it we have actual data for.

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Jason & Scot Show Episode 252 – Amazon FBA Roll-ups with Chris Bell CEO of Perch

Retail Geek

While traditional CPGs may review their pricing quarterly, and set marketing strategies annual, Perch adjusts pricing strategy hourly, and advertising strategies daily. People used to record ideas on dead trees and sometimes you need a copy of the dead tree so you could actually make a machine that duplicated the dead tree.