1. A method of top-performing product identification.
- Author
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Czerniachowska, Kateryna
- Subjects
WAREHOUSES ,RETAIL stores ,BUSINESS meetings ,PRICES - Abstract
Maintaining assortment in a warehouse, distribution centre or retail store is expensive. We propose a method for assortment optimization that allows defining the top-performing products in the warehouse, distribution centre or retail store. It allows finding top-performing products in a given location using actual sales data or from concurrency when the sales data are unavailable. The developed method of product performance evaluation could be used by distribution companies to find the right pricing strategy. The method described also proposes how to improve the assortment in order to expand the business and help the distributor or retailer to meet his business objectives. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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