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Description
This information provides insights on the necessary actions to be taken, including the timing, location, and responsible individuals. Manthan's Merchandise Analytics is an advanced Prescriptive Analytics solution driven by AI, offering recommendations for the most effective, data-informed actions across vital merchandising and in-store operations. Additionally, with its innovative conversational interface, all business users can easily access and utilize these valuable recommendations. By personalizing product assortments according to customer preferences and localizing them to specific stores, businesses can better meet their customers' needs. The platform supports both pre-season and in-season assortment planning, allocation, new product launches, and visual merchandise or space planning, while also helping to define private label strategies. Actions are specifically designed to enhance key assortment metrics, including sales growth, gross margins, and inventory turnover. Furthermore, it offers insights on product bundling, markdown strategies, and decisions regarding which products to retain or discontinue. In this way, businesses can effectively tailor their offerings to maximize profitability and customer satisfaction.
Description
As retailers develop strategies for a post-COVID landscape characterized by increasing expenses, evolving consumer habits, intense competition, and the enforcement of safety protocols, the ability to react promptly has become essential. This necessity calls for a fundamental transformation in the operational models of retailers. The path ahead involves fostering resilience to unlock significant value and to make informed decisions supported by extensive data, predictive analytics, and intelligent, real-time insights that are both personalized and localized. TCS Optumera™ offers a comprehensive AI-driven retail optimization suite designed to enhance both merchandising and supply chain decisions in a cohesive manner. By leveraging this technology, retailers have experienced sales growth between 3-5%, a reduction of nearly 50% in time invested, the implementation of five times more strategies, and a decrease in costs ranging from 20-30%. Moreover, it enables the optimization of customer baskets across various channels by taking into account demand transferability, consumer preference sets, predictive analytics, and competitive offerings, ensuring a tailored shopping experience for each customer. This comprehensive approach not only increases efficiency but also positions retailers to thrive in a rapidly evolving market.
API Access
Has API
API Access
Has API
Integrations
Acquia Cloud Platform
Actifio
Adobe Advertising Cloud
Amazon Web Services (AWS)
Aqua
Blueprint
Boomi
Cloudera
Commvault Cloud
Hitachi Content Intelligence
Integrations
Acquia Cloud Platform
Actifio
Adobe Advertising Cloud
Amazon Web Services (AWS)
Aqua
Blueprint
Boomi
Cloudera
Commvault Cloud
Hitachi Content Intelligence
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Manthan
Country
United States
Website
www.manthan.com/product/merchandise-analytics
Vendor Details
Company Name
Tata Consultancy Services
Founded
1968
Country
India
Website
www.tcs.com/optumera-digital-merchandising-suite
Product Features
Product Features
Retail Execution
AI / Image Recognition
Collaboration Tools
Data Collection
Inspection
Pricing / Placement Optimization
Product Education
Product Promotion Strategy
Retail Site Audit
Workforce Management