Nexlytix’s Post

Model Fitment for accurate predictions and forecasts is a balanced combination of Art and Science. Here is a good take on the nuances of model fitment and how different models excel under varying retail conditions. #Nexlytix #ModelFitment #Accuracy #PredictionModels #Forecast #Predictions #Retail #ConsumerMarkets #CPG #DataDriven #CPG #ForecastModels

Discover promising retail-technology innovators in our Innovator Matrix At Coresight Research, we're dedicated to helping retailers find the best technology partners and guiding investors toward the most promising innovators in the retail-tech space. The newest report in our “Innovator Matrix” series focuses on the demand-forecasting technology landscape in the US. Demand forecasting plays a critical role in optimizing inventory, reducing waste and improving customer satisfaction. Our analysis identifies the top players, which we evaluate and score using a two-factor system: 1️. Level of innovation 2. Market potential Whether you’re looking to stay ahead of the curve or invest in the future of retail tech, this report is an essential resource. Subscribe to download: https://lnkd.in/ddttJP2E Premium reports are available exclusively to subscribers. Not a subscriber? Send us a DM to become one. #RetailTech #DemandForecasting #RetailInnovation #TechPartners #FutureOfRetail

🛒 Retail Shrinkage in Focus: (Part 3) Insights from Our Hybrid Platforms Trends Series Delve into the latest release of our Hybrid Platforms Trends Series - Retail Edition. Join our Chief Technologist Rob Sims and a panel of experts including Ian Scott, Peter Critchley, David Dobson, and Jane Liston as they explore the challenges, opportunities, and technological solutions to combat retail shrinkage. Get insights on: 🔍 What shrinkage means for retail 🚀 Technological innovations to address the issue 📈 Data-driven decision making 💬 Expert opinions and real-world examples 👉 Read the full blog here: https://hubs.ly/Q02ZNTdL0 #RetailInsights #Shrinkage #RetailTrends #Innovation #Technology #DataDriven #HybridPlatforms

The retail sector is shifting its emphasis from merely focusing on profits to boosting operational efficiency. Our recent whitepaper dives into how forward-thinking retailers use smart inventory management and real-time analytics to fight shrinkage. We also showcase their methods for enhancing customer experiences through personalized services. By adopting adaptable strategies, they can reduce losses that affect their bottom line. Explore how we can protect your assets and foster growth. Let's face new challenges and grab opportunities together! #Efficiency #Retail #Operations #Technology

Did you know? Retailers lose an average of 10% of their annual sales due to stockouts and inaccurate inventory data. Infinni tackles these challenges head-on, transforming your retail operations. Here's how: 1) Real-Time Visibility: Gone are the days of stockroom searches. Infinni's advanced tech (mention RFID if applicable) tracks your inventory in real-time, eliminating wasted search time. 2) Effortless Search: No more spreadsheet struggles. Infinni's intuitive search bar lets you locate any item instantly, boosting picking and fulfillment efficiency. 3) Data-Driven Decisions: Make smarter choices with Infinni's comprehensive data on stock levels, sales trends, and demand forecasts. Optimize inventory, prevent stockouts, and boost sales. 4) Reduced Errors: Minimize human error with Infinni's automated inventory management. This ensures accurate data, leading to improved sales forecasting and a smoother customer experience. Infinni = Lower Costs + Increased Profits + Enhanced Efficiency. Are you ready to unlock the power of smarter inventory? #Infinni #RetailTech #InventoryManagement #BoostEfficiency #IncreaseProfits

How can retailers get the edge in a crowded, competitive market? Business information is vital. Retailers need information at their fingertips, without lag and without a clumsy process standing between people and numbers. More 👉 ▶️ https://lnkd.in/ey5BcpVX Understanding and embracing #retail #digitaltransformation is the key. Now is the time to commit to transforming the central functions of their business structure to support a new way of working with data at its core. Digital transformation is critical: siloed, fragmented businesses are highly unlikely to find the pace to keep up with the modern structures of those that have streamlined and unified their processes. #retailtech #retailAI

🚀 Ready to leave your competition in the dust? Explore how aligning your internal processes with digital transformation can propel your business forward. 📊 Check out more insights 👇 https://lnkd.in/guXZZb3Z, and let’s connect! #RetailTech #DigitalTransformation #RetailGrowth #Innovation #FutureOfRetail #RetailSuccess

In the fast-paced retail industry, precision is everything—and 𝐄𝐧𝐬𝐞𝐦𝐛𝐥𝐞 𝐌𝐨𝐝𝐞𝐥𝐢𝐧𝐠 𝐢𝐬 𝐲𝐨𝐮𝐫 𝐬𝐞𝐜𝐫𝐞𝐭 𝐰𝐞𝐚𝐩𝐨𝐧. Like a maestro leading a symphony, it seamlessly integrates predictive models, delivering insights that single models simply can’t achieve. 🎯 𝐔𝐧𝐢𝐟𝐢𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐨𝐫 𝐒𝐦𝐚𝐫𝐭𝐞𝐫 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬  Ensemble Modeling blends diverse algorithms to provide a holistic perspective on market dynamics, empowering retailers to make data-driven, strategic decisions. 📊 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐞𝐝 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐌𝐚𝐱𝐢𝐦𝐮𝐦 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲  Say goodbye to inefficiencies! Ensemble Modeling synchronizes your operations, cutting costs and maximizing productivity with unparalleled precision. 📈 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐓𝐡𝐚𝐭 𝐌𝐚𝐭𝐜𝐡𝐞𝐬 𝐃𝐞𝐦𝐚𝐧𝐝  Achieve perfect inventory balance with real-time, demand-driven insights. No overstock, no stockouts—just optimized shelves and happy customers. 🤝 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐒𝐡𝐨𝐩𝐩𝐢𝐧𝐠 𝐚𝐭 𝐒𝐜𝐚𝐥𝐞  Transform every interaction into a tailored experience. Ensemble Modeling drives hyper-personalized recommendations, ensuring shoppers feel understood and valued. 🔑 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐞 𝐘𝐨𝐮𝐫 𝐑𝐞𝐭𝐚𝐢𝐥 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲  Retail is changing, and Ensemble Modeling is leading the charge. It’s not just predictive modeling—it’s a retail transformation. Ready to redefine your retail operations? Let’s make it happen together! Lets connect > https://lnkd.in/gbrSVffa #EnsembleModeling #RetailInnovation #TatrasData #DataDrivenDecisions #AIinRetail

Retailers are rushing to introduce new channels and technology. But what if the answer is not more, but smarter? Understanding that some locations frequently experience delays, for example, can guide you in adjusting inventory placements. ↳ You can shorten delivery times by relocating stock to the most critical regions, which not only reduces shipping expenses but also eliminates the burden of constructing new infrastructure. ↳ It’s a small change with a big impact on efficiency. Or consider optimizing product assortments. ↳ Instead of stocking every item in every location, what if you knew exactly which products performed best in specific regions? ↳ One retailer found that keeping more seasonal items in specific stores—and limiting them elsewhere—reduced markdowns and improved sales.  In retail, smarter data means fewer costly changes and more targeted, meaningful improvements. ↳ It is not about increasing complexity but rather about using data to reduce and streamline. Schedule a 𝗳𝗿𝗲𝗲 𝗱𝗮𝘁𝗮 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 to discover how "knowledge graphs" can simplify your retail management approach 👉 https://lnkd.in/gTxyBQ3G #alternativedata #LLM #machinelearning #EntrepriseAI #realtimedata #retailstrategy

𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗥𝗲𝘁𝗮𝗶𝗹'𝘀 𝗥𝗮𝗽𝗶𝗱 𝗦𝗵𝗶𝗳𝘁𝘀 — Retail is a margin industry — meaning a long-term outlook can be holistically beneficial, especially to the bottom line. We believe that useful, standardized data output creates an increasingly efficient and creative retail environment that benefits not just retailers, but consumers, suppliers, brands, and the environment as well. That’s where the power of breakthrough tech solutions that solve real-life problems excels. ➡️ https://lnkd.in/e7tCPpDS #RetailTechnology #RetailInnovation #RetailInsight Sky IT Group