RETAIL PRODUCT ASSORTMENT OPTIMIZATION SYSTEMS AND METHODS

Embodiments relate to systems and methods for optimizing a product assortment available at a retail location based on the likelihood of products to meet customer needs. This can include obtaining a mass list of potential products from at least one publicly available source; collating the mass list i...

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1. Verfasser:	CROW, BRUCE
Format:	Patent
Sprache:	eng ; fre
Schlagworte:	CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:	Embodiments relate to systems and methods for optimizing a product assortment available at a retail location based on the likelihood of products to meet customer needs. This can include obtaining a mass list of potential products from at least one publicly available source; collating the mass list into a plurality of customer needs addressable by the potential products; determining a number of the plurality of customer needs that are addressable by particular ones of the potential products and converting the number for each of the particular potential products into a score for the particular potential product, wherein a high score indicates a particular potential product addresses a high number of the plurality of customer needs; comparing the particular potential products having high scores with a retail assortment product list for at least one location; and updating the retail assortment at the at least one location to include at least one of the particular potential products haying a high score based on the comparing.