SizeMiner

The quest for optimizing inventory is a never-ending pursuit for retailers. The challenge is particularly difficult for apparel retailers who must allocate inventory to eliminate out-of-stocks, maximizing regularly priced sales, while trying to eliminate costly end of season markdowns. Effectively managing size level demand has been elusive for most retailers.

The typical approach for most mid-sized and large chain store businesses is to determine an average profile and apply the average to all stores, or cluster stores of like size demographics, and treat clustered stores similarly. The difficulty with this approach is that each store has a unique client base that creates a different selling pattern by size. Retailers end up managing store similarities, rather than focusing on how stores size patterns are different. Click here to find out more about SizeMiner.