Problem statement
Our client, an eminent retailer, was facing struggles with stagnating membership conversion rates. They wanted to understand and quantify the impact of operational issues on customer behavior and NPS scores with relation to both existing members as well as those on a trial period. These issues were causing a significant loss to the company through reduced conversion and retention rates. MathCo co-created with the client a unique framework called ‘The Perfect Order’ which helped them highlight the reasons that imperfect orders were being carried out.
Impact
- The estimated sales impact from improving the perfect order percentage is between $50 – $70 million.
- Identified products that frequently led to stock-outs that were leading to imperfect orders. This was used to tune merchandising processes and models.
- Created a list of stores which had the highest stock-out rates and delayed deliveries as a focus for store operations.
Access the Case Study to Learn More about This Partnership
Optimizing Retail Media Network
Retail media marketing is redefining digital advertising. By integrating advanced data analytics, brands can own intelligent retail media networks that can help them reach their customers easily.
Read moreIR and Customer 360 Platform Set Up
Learn about how we optimized marketing campaigns and improved advertising strategies for a renowned fashion retailer helping them bring about a 30% reduction in duplicate customer entries.
Read moreOptimizing an End-to-End Analytics Platform
An end-to-end data platform helps retailers derive accurate and quick insights for optimizing personalization, operations, merchandising activities, and more. However, they require data engineering and MLOps experts to develop a robust solution that can make this platform time- and cost-effective.
Read more