"Retailers often do not take advantage of analytics and optimization in their merchandising decisions because of the level of complexity, the amount of data involved, and inadequacy of tools on the market.
The result is significant and unnecessary sales and margin dollar losses from missed opportunities to bring the right amount of merchandise to the right stores at the right time," said Hong. "Our objective is to remove these barriers by delivering complex analytical capabilities in an easy-to-use environment.
I will work with 7thOnline to continue to expand their optimization suite into additional retail business processes areas that can leverage mathematical engines to drive better decision-making and greater profits."
7thOnline is the premiere provider of web-centric assortment planning and optimization solutions targeted specifically to the global apparel, footwear, and accessories community.
7thOnline's offerings encompass visual and quantitative top-down and bottom-up assortment planning tools, powerful analytical and optimization engines, and automatic order transmission capabilities in multiple formats.
marketing@alchempro.com
