Remove Apparel Remove KPI Remove Strategy
article thumbnail

Serendipity systems: architecting personalization systems at scale

Capgemini

Rules-based strategies help to “fake it till you make it” but they struggle at scale and often underperform due to biases in rules and an inability to iterate quickly. Its Personalization Platform (P13N) allows business teams to set strategies and filters to leverage personalization algorithms optimized against business outcomes (e.g.,

article thumbnail

Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

The reality is that you’ll need a more sophisticated pricing strategy to fit into today’s highly competitive market and be flexible enough to adjust to any changes. Dynamic pricing strategy 101 and key approaches. Each of these pricing strategies brings various benefits when executed right. KPI-driven pricing.

article thumbnail

Turnover Ratio, Return Rate, Shrinkage, and Other Inventory KPIs to Manage Your Stock

Altexsoft

It can also be measured in weeks instead of days (the KPI will be referred to as weeks-on-hand and have 52 instead of 365 in the formula) or be calculated for any period other than a year (change 365 to the period duration in days in the formula). Backorder rate The backorder rate is the percentage of orders delayed due to items on backorder.