Retailers Counterbalance Instinct With Data-Driven Insight
Injecting innovation and science improves customer satisfaction and margins
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John Bible
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- Fifty percent speed increase in inventory turns through better predictive models and inventory flow optimization across all stores, warehouses and channels.
- Twenty-five percent increase in average item forecast accuracy by incorporating new data sources, including web, social and mobile.
- Ten percent increase in revenue with smarter pricing, promotions, localized assortments and placements based on advances in machine learning and intelligent cross-decision optimization platforms.
Data science is a critical part of modern retailing.
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- Companies:
- Amazon.com
John Bible
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