The power of having the right products on the shelf in each store based on the customers of that store reduces out-of-stocks, increases sales and provides an improved quality of shopper visit.
A few of the features that help us do just that
Personalize recommendation:- personalized recommendations can increase conversion rates by up to 5.5 times. The AI based solution can help significantly to personalize offerings base on shopper’s style and his historical data.
Optimize marketing results:- By looking at historical sales, marketing campaigns, web site discounts, events and competitor events, recommended you best marketing plan which that retailers can optimize their desired outcomes.
Intelligent Merchandising:- Retailers can use Sentient Aware to ensure that the product listing pages their shoppers see
– Whether on the home page or in any product category
– Are personalized in the moment to each individual shopper
Sales Forecasting:- Analyzing and building predictive models from data such as historical sales for different products, marketing, event schedules & campaign and helps retailer for forecasting revenues, resource and product planning, investor relation, ROI etc
Online learning:- this feature helps to Online sites to analyze every click through an online inventory in real time to understand customer preferences and create a personalized shopping experience
Staffing:- Predictive models built base on historical traffic, sales and marketing efforts during certain times show retailers how to dynamically staff stores based on expected traffic.
Save the Sale:- Aware’s new “Save the Sale” feature uses AI deep learning models to surface highly desirable products when a shopper’s preferred product isn’t currently available. It uses in-the-moment customer behavior and shopper preferences such as color and size to recommend the closest possible styles, allowing for companies to still earn a transaction from their shoppers in out-of-stock or not-quite-right situations.
Supply Chain Optimization:- Automatically update you about stock-outs result in backorders, lost sales, dissatisfied customers and return rates.
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