From forecasting to planning to inventory to customer experience, you need a unified system tracking everything and making intelligent recommendations.
Merchandise planning is not an exception. A well-trained, AI-powered solution can change the planner’s life drastically. Merchandising moves goods towards people. For that you need to be able to plan intelligently to put the right product, at the right price, at the right time, in front of the right people.
The secret of successful merchandising in 2023 is AI. The global AI in retail market is expected to grow from USD 4.84 billion to USD 31.8 billion, at a CAGR of 30.5% in 2021-2028 period (source).
Let’s see how Gen AI and large language models can be the driving force for the growth and profitability of your retail business.
Harnessing the power of Gen AI and Large Language Models, businesses can conquer the ever-present hurdles of the commercial world. By tapping into the boundless capabilities of AI, companies can unlock shopper insights, understand the intricate patterns of consumer behavior.
Read more :https://pluto7.com/2023/05/21/merchandise-planning/
