myEDITED: What Are Opportunities?
Opportunities use classical machine learning, representational learning, and generative AI to deliver prescriptive, out-of-the-box insights on assortment and price adjustments. Meaning that you don’t need to manually dig through data to illuminate insights - saving time and highlighting opportunities that might otherwise be missed.
Opportunities are available within the Assortment and Pricing modules.
Range Adjustment Opportunities
- Introduce: products to consider adding to your assortment.
- Repeat: products to consider repeating within your assortment.
- Highlight: products to feature or consider for a visibility boost.
- Avoid: products to consider avoiding in my assortment right now.
- Reduce: products to consider for promotion, discount, moving to outlet, or reducing stock commitment.
Price Adjustment Opportunities
- Increase: Products to consider for a price increase to drive profit.
- Decrease: Products to consider for a price decrease to drive revenue and clear inventory.