Increase sales for your organization by stocking the right products on every shelf, ensuring high market penetration for all top performing SKUs, increasing the ease and frequency of the portfolio management process, and equipping your business leaders, analysts, and field operators with data driven insights.
Neal Analytics provides a scalable solution capable of processing millions of SKUs and buyers by segmenting sales data into peer groups for fair and detailed comparisons. The result is a personalized product assortment for each business outlet that takes into account local preferences, demographics, purchasing habits, and much more.
Our solution can be customized to fit your unique business needs – optimizing on the metrics important to your business (i.e. sales volume, product margin, returns/wastage, etc.). SKU Max can also be integrated with additional data sources to provide demand forecasting, sales decomposition, and other Neal Analytics solutions.
Inventory Optimization requires a minimum of two years of historical transaction level sales data, a product description table (i.e. product name, family/group, brand, package size, etc.), and a customer description table (i.e. customer name, location, trade channel, etc.). Additional datasets may be required based on customization options.