Optimum Product Algorithm
Navapp Retail solution increases the competitiveness of businesses by providing store managers with recommendations to increase sales performance and optimize inventory management. This solution simplifies the process of determining the products that should be kept in stores and provides the necessary data to maximize profitability.
Features and Benefits
Sales Data Analysis:
- Navapp Retail constantly monitors sales in stores. This data is analyzed to determine which products are in higher demand and during which periods sales increase.
Stock Tracking and Management:
- The product inventory in the stores is also constantly monitored. This ensures that only the required amount of product is kept, without excess stock.
Trend Analysis:
- Sales trends in other stores are also taken into account to determine which products are more popular. This provides important information for store managers to make strategic decisions.
Optimum Product Availability Algorithm:
- Navapp Retail determines the most appropriate stock levels using a special algorithm developed for stores. This algorithm recommends which products should be kept in what quantities based on sales data and market trends.
Increased Profitability:
- By determining the required stock levels, unnecessary stock costs are avoided. This increases the overall profitability of the business and increases financial efficiency.
Navapp Retail solution helps you maximize your profitability by determining optimum stock levels in your stores with smart product management. With analysis of sales data and trend tracking, it ensures that you have the most suitable products for your business needs on time.