Leveraging Advanced Analytics to Optimise Promotions for a Grocery Retailer

Spread the love
Case Study
Leveraging Advanced Analytics to Optimise Promotions for a Grocery Retailer

Industry: Retail

Challenge: Optimising Promotions to Improve Sales and Profitability

Solution: Machine learning and predictive Analytics

Technology: Python, Power BI

Shot Of A Young Couple Shopping In A Grocery Store

Situation and Challenge

A regional grocery retailer with 40+ convenience stores sought to unlock hidden value in their customer data. Operating in the hyper-competitive grocery market with razor-thin margins, the client faced complex challenges in:

  1. Effectively managing promotions and pricing
  2. Optimising inventory management
  3. Balancing sales growth with profitability
  4. Responding to dynamic customer needs and market conditions

Insight and Action

Our approach encompassed:

  1. Developing a machine learning proof of concept using market basket analysis
  2. Employing association rule mining to identify patterns in large datasets
  3. Conducting shopper mission analysis based on customer segmentation and purchase journey analysis
  4. Implementing a multi-step analysis process including:
  • Itemset Generation
  • Association Rule Generation and Evaluation
  • Rule Selection
  • Purchase Journey Analysis
  • Customer Profiling
Results and Impact

Our intervention delivered important insights:

– Identified potential margin uplift of 7% to 10% through optimised assortment and promotions

– Provided actionable recommendations to drive sales and improve inventory management

– Developed a predictive product recommendation engine enhancing assortment planning and shelf utilisation

PARTNER WITH TRELLISI
Let's Help You Transform for Growth and Accelerate Impact

    Contact Img
    Case Studies

    Related Content.

    Data Security System Shield Protection Verification

***These Are Our Own 3D Generic Designs. They Do Not Infringe On Any Copyrighted Designs.***

    Enhancing Cybersecurity Management through Automated Threat Intelligence Reporting

    Female Special Agent Works On A Laptop In The Background Special Agent In Charge Talks To A Military Man In The Monitoring Room. In The Background Busy System Control Center With Monitors Showing Data Flow.

    From Detection to Prevention: Risk-Based Predictive Analytics in Fraud Management

    Movie Theater Ticketing Counter

    Targeting and Personalisation: Predictive Insights Drive Higher Transaction Value for eCommerce Platform