Retail sales key performance indicator (kpi) prescriptive analysis
AssigneeNCR Voyix Corporation
InventorsItamar David Laserson, Shiran Abadi, Shay Marom, Elisheva Chocron, Ido Botzer, Ayelet Sarel
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AssigneeNCR Voyix Corporation
InventorsItamar David Laserson, Shiran Abadi, Shay Marom, Elisheva Chocron, Ido Botzer, Ayelet Sarel
Estimating the term…
A retail prescriptive recommendations machine learning model applies a generic multi-layer architecture to specific sales key performance indicators (KPIs). The model uses a novel hierarchical logical layer of metrics and features related to sales KPIs, training on historical sales data to identify improvement opportunities, set achievable targets, and generate recommendations for each store. The implementation includes adjustments for different scales and distributions of features, a layered predictive model for hierarchical calculations, and optimization methods considering improvement directions for each feature. This solution enables store operations to make data-driven decisions to improve sales performance without requiring extensive technical or business intelligence (BI) expertise, addressing a significant challenge in retail operations management.
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Dependencies are inferred from the claim text.