Four Ways of Using Cluster Analysis in Retail Management to Improve Sales
Logistics Viewpoints
DECEMBER 15, 2022
Comparison of these profiles then gives us store clusters with similar demand, and based on these insights, assortment plans can be developed to address the difference. In Fashion, sourcing strategies can be revisited, and the ‘risk’ metrics can become a part of the decision criteria in addition to manufacturing and logistics costs.
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