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Celect is a cloud-based, predictive analytics SaaS platform that helps retailers optimize their overall inventory portfolios in stores and across the supply chain, resulting in double-digit percentage revenue increases. This groundbreaking advance in machine learning and optimization allows retailers to understand how an individual customer shopping in store or online chooses from an assortment of products, revealing true demand.
"Historically, most merchandising decisions have been made using simple spreadsheets and gut instinct. With Celect, retailers now have a more precise and granular way to understand how customers choose between …
"We have now reached a tipping point with consumers expecting everything available everywhere all the time. Meeting this expectation while simultaneously reducing inventory is simply impossible without advanced analytics."
"Celect helps retailers understand how products interact with each other because of various effects such as cannibalization, halo substitutability, via its Celect Choice Engine. Using this model engine, retailers can …
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