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Retail Assortment: How AI is used in Basket Builder and Conversion Builder Strategies
March 23, 2023 | By HIVERY
Discover better retail assortment strategies. Explore the power of Basket Builder and Conversion Builder approaches using AI đ. #RetailTech #HIVERYCurate #BasketBuilder #ConversionBuilder
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Hyperlocal Retailing: Shifting Focus to Customer Behavior-Based Hierarchies
March 17, 2023 | By HIVERY
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.
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Revolutionizing Retail Negotiations: The Power of AI in Creating Store-Level Assortment Strategies
March 15, 2023 | By HIVERY
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.
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Unlocking the Secrets of Latent Shoppers: HIVERY's Demand Transfer Model Explained
March 10, 2023 | By HIVERY
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.
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How To Get Assortment Space Contribution Index Optimized
February 10, 2023 | By HIVERY
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.
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Unlocking the power of AI for grocery store category resetting
February 08, 2023 | By HIVERY
How AI-enabled rapid decision-making can help optimize retail clusters, planograms, and assortments and reforming resets.Â
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How Leveraging AI Technology Helps with Better Assortment Planning for Retail
February 01, 2023 | By HIVERY
AI technology can help optimize your assortment planning and inventory management. Discover how AI can help identify customer preferences, predict demand, and suggest successful products. Learn how to respond to trends and reduce the risk of understocking or overstocking with AI-driven assortment planning software like HIVERY.
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Do Current Assortment Optimization Methods Create Store Sacrifices?Â
January 30, 2023 | By HIVERY
A McKinsey & Company study shows that retailers using assortment optimization can boost sales by up to 20% and reduce out-of-stock items by 10%. Retailers balance planograms and inventory to avoid sacrificing profit, but the real cost is not knowing the financial impact.
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6 Benefits Businesses Can Get from SKU Rationalization & How AI Can Accelerate them
January 16, 2023 | By HIVERY
SKU rationalization removes or consolidates "stock-keeping units" (SKUs) from the supply chain. The challenge here is that many different variables, datasets, and constraints make this task very complex and time-consuming. This is how AI can accelerate the benefits of SKU rationalization.
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Demand Sensing: The New Era of Retail Demand Planning
January 05, 2023 | By Jason Hosking, Cofounder & CEO
How AI will enable rapid decision-making in a highly volatile and complex world through demand sensing.
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3 Measures to Take in Merchandise Planning for Success
December 22, 2022 | By HIVERY
Merchandise planning is crucial for running a successful business, but it can be time-consuming and complex. The good news is that AI can help automate the process and provide data-driven insights
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