Opportunites Basics

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.