Alteryx is quickly becoming a leader in the analytics and data science automation space. However, it’s also being adopted by Finance and Accounting teams. Why? It plays nice with Excel By setting the outputs to distinct tabs in an existing Excel sheet, other tabs can… Read More »Alteryx: Finance’s new best friend?
A retailer client considering pulling back on a certain marketing vehicle because “it wasn’t working.” The supporting evidence was the same-store sales percentage growth numbers (“comps” in retail parlance) of the markets in question. Of the eight markets in question, 5 were down, 2 were… Read More »Using Big Tools to measure Small Impacts
Problem Statement: A client had a unique challenge: they needed to know their inventory levels on their shop floor at each of their facilities, but could not allocate manpower for manual counts. Solution: Using consumer-grade webcams, Python, and Support Vector Machines, we were able to… Read More »4-Line Case Study: Machine Learning applied to Vision
This post is part II of our series on Key Value Items, or KVIs. Read Part I here, and other pricing work here. Identifying KVIs as a retailer is complex and hard, but it’s important enough that it must be done right. In the age… Read More »Key Value Item Series II: a KVI to whom?
We’re analytic practitioners, but we’re constantly preaching that there’s an art and a science to most of the decisions that retailers make. Circular design, however, is one of the areas where very loud art often beats out very sound science; it’s no surprise that print… Read More »The Weekly Flyer is Broken. Here’s Why.
As data and analytics become more important to firms’ strategies, senior leaders are demanding more insights and more depth from their analytics teams (whether internal or 3rd party). But many are receiving only thin answers to narrow problems. When they ask clarifying questions, they’re given complex mathematical… Read More »3 Signs You’re A Hostage to Analytics
One retailer’s efforts to bring back the print circular’s ROI. There are many methods retailers use to make their circular work harder, but the fastest way to improve performance is by using analytics to help select products – particularly on the covers.
In prior posts we’ve discussed the varying definitions of the Key Value Item (KVI) in retail. Setting aside the important differences, the core principle remains: KVIs are the most important SKUs in the assortment. And these items often warrant special treatment: competitive price monitoring, out-of-stock… Read More »A tactical guide to finding your Key Value Items (KVIs)
Many of our clients have Minimum Advertised Price (MAP) clauses in their vendor contracts, and we pay attention to developments in the space. When Amazon breaks MAP, it’s often large enough that the rest of the players feel the pain. They call the manufacturer, who then… Read More »Empty Threats, Brinkmanship, and MAP
We’re asked all the time for some good books around analytics, big data, and their applications to business. We love what we do, so after a short poll around the office, we put this together.