2017
DOI: 10.1080/00207543.2017.1404161
|View full text |Cite
|
Sign up to set email alerts
|

Powering retailers’ digitization through analytics and automation

Abstract: Retailers face significant pressure to improve revenue, margins and market share by applying price optimization models. These are mathematical models that calculate how demand varies at different price levels, then combine that data with information on costs and inventory levels to recommend prices that will improve revenue and profits. These models have been around for a while-so what is different now? We have identified three important changes:-Data: availability of internal and external real time data such … Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

0
14
0
1

Year Published

2018
2018
2023
2023

Publication Types

Select...
5
5

Relationship

0
10

Authors

Journals

citations
Cited by 36 publications
(15 citation statements)
references
References 4 publications
0
14
0
1
Order By: Relevance
“…BDA has been undoubtedly the most elaborated area of digital technologies application to SCM over the last decade. Johnson, Lee, and Simchi-Levi (2016) and Simchi-Levi and Wu (2018) analysed the application of BDA to retail. Retailers must continuously strive to grow their revenue, margins and market share.…”
Section: Big Data Analyticsmentioning
confidence: 99%
“…BDA has been undoubtedly the most elaborated area of digital technologies application to SCM over the last decade. Johnson, Lee, and Simchi-Levi (2016) and Simchi-Levi and Wu (2018) analysed the application of BDA to retail. Retailers must continuously strive to grow their revenue, margins and market share.…”
Section: Big Data Analyticsmentioning
confidence: 99%
“…Industry 4.0 is commonly understood as a broad socio-technical paradigm (Dalenogare et al, 2018;Mariani and Borghi, 2019). In its original German conceptualization (Kagermann et al, 2013) the scope of the phenomenon was limited to manufacturing, but the distinction became less sharp in the light of technology-driven transformations across economic sectors (e.g., Simchi-Levi and Wu, 2018;Caro and Sadr, 2019;Mariani et al, 2018) as well as in the public and social sphere (e.g., Nicolescu et al, 2018;Ossewaarde, 2019;Pauget and Dammak, 2019).…”
Section: Industry 40: Concept and Research Issuesmentioning
confidence: 99%
“…Recent studies (Ferreira et al , 2015; Simchi-Levi and Wu, 2017) analyzed BDA's application to the retail market. The main challenges for the retailer are pricing and predicting demand for new products, both of which significantly determine sales volume and revenue.…”
Section: Review Of Literaturementioning
confidence: 99%