We're thrilled to announce that @HIVERYai has been named to @CBinsights' prestigious Retail Tech 100 List for 2023! This recognition is a testament to our hard work, innovation, and impact in revolutionizing merchandise planning and supplier-retail collaboration through the power of hyper-local retailing. #RetailTech100 #HyperlocalRetailing #MerchandisePlanning #InventoryManagement #RetailInnovatio

Explore the concept of hyperlocal retailing and its impact on assortment optimization within the retail industry. Our recent blog post delves into the importance of customer behavior-based hierarchies for success.

Navigating retail negotiations and assortment planning can be complex, but AI-powered tools like HIVERY Curate simplify the process. With real-time strategy simulation, you can analyze the financial impact of decisions and defend your position with transparency. By leveraging store-level data, HIVERY Curate helps fine-tune assortment-space strategies to align with shopper preferences, increasing confidence in your plans and achieving mutual alignment quickly. It's time to break down traditional barriers and adopt a data-driven approach for a retail space that delights shoppers and boosts performance.

The podcast emphasizes that retailers must change their processes to leverage new ways and use AI-enabled rapid decision-making to optimize retail clusters, planograms, and assortments to stay ahead in the competitive retail industry.

Want to understand your customers' behavior and make informed decisions about your product assortment? Check out HIVERY's Demand Transfer Model! This cutting-edge technology uses data analysis techniques and machine learning algorithms to identify shopper behavior patterns and comparable group products into categories based on their competition for sales. Learn how to optimize your sales strategy and unlock the secrets of latent shoppers with HIVERY's Demand Transfer Model.

HIVERY's most notable technical achievement is the algorithmic engine used in Curate. Leveraging machine learning & mixed integer programming, it optimizes retail strategies by discovering store & assortment relationships using store-level data. This provides actionable, granular insight for better assortment strategy in minutes, giving retailers an edge over traditional planning tools.

Due to these challenges, the article suggests that many available assortment solutions are obsolete or less effective. To address this, a new way of thinking is needed. The article discusses the evolution of assortment management solutions in the industry, including established leaders and promising newcomers like HIVERY, which contributes to the "Assortment as Service"

HIVERY has announced the appointment of Kyle McKenzie as its new Vice President of Engineering, bringing technical expertise and leadership skills to the team. The company aims to revolutionize retailers' assortment and space decisions using proprietary machine learning and applied mathematics algorithms.

Optimize Your Shelves for Maximum Sales: Achieving the Perfect Assortment Space Contribution Index. The Space Contribution Index is a key metric in the field of assortment planning and optimization. It is used to measure the proportion of linear shelf space a product occupies relative to its sales performance. Getting this right and fine-tuned to each category at each store is a tough task. It also can take some effort to get right with the accuracy and speed to respond to shopper trends and retailer requirements.