Abstract
Point-of-sale scanner systems collect large amounts of data that can be used to make better informed decisions. The present work shows how available information such as selling prices and the timing of sales occurrences can be leveraged to better align supply and demand with retail analytics. For this purpose, we have collected data from a large European retail chain. We develop several models to improve stocking decisions and to analyze decision-making in the real world.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2015 Springer International Publishing Switzerland
About this chapter
Cite this chapter
Sachs, AL. (2015). Conclusions. In: Retail Analytics. Lecture Notes in Economics and Mathematical Systems, vol 680. Springer, Cham. https://doi.org/10.1007/978-3-319-13305-8_7
Download citation
DOI: https://doi.org/10.1007/978-3-319-13305-8_7
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-13304-1
Online ISBN: 978-3-319-13305-8
eBook Packages: Business and EconomicsBusiness and Management (R0)