Ask Ada

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Ask Ada

‘Ada’ can process an unlimited variety of questions from decision-makers and deliver detailed answers in seconds.

Real sample questions retailers have asked ‘Ada’:

  • What was the total bakery sales last month?
  • What are the top 10 items in deli for last week?
  • Show me the top 10 meat items in our Melville store last month.
  • What are the top five categories in my Los Angeles store?
  • What is my average basket size over the last seven days?
  • Which stores have an average basket size trending upward?
  • What categories are trending upward?
  • Which store has the most open department rings?
  • What were the top 10 shrink items last week?
  • What items had more shrink than sales last month?
  • What was my best selling dairy item on Saturday?
  • Show me any items with less than a 3% gross margin the packaged meat department.

Forecast Customer Demand

This is vital for inventory planning and could help avoid lost sales due to product shortages as well as wasted resources due to overstocking. AI, through machine learning and predictive analytics, can help analyze past and current shopping patterns, enabling more accurate forecasting of future demand.

  • Provides optimal prices for the Category as a whole, including halo effects and cannibalization
  • Adjusts for:
    • Holidays
    • Seasonal trends
    • LinkCodes
    • In-Category competitor prices
    • Ad and TPR prices
  • Uses industry data and your historical data to find best price for Items at each Store
  • Real-time, what-if predictions
  • Optimize for Revenue or Margin
  • Explain any individual price recommendation to user
  • Incorporate competitor prices into model

 

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