Analyzing Customer Attrition in Subscription Models
Download the notebooks to demo the solution covered below The subscription model is experiencing a renaissance. Gone are the days of the penny music CD clubs, replaced by an ever-increasing assortment of digital streaming services delivering music, videos and more directly to consumers’ devices in exchange for a modest recurring fee. Today, 70% of US...
Customer Lifetime Value Part 2: Estimating Future Spend
Download the Customer Lifetimes Part 2 notebook to demo the solution covered below, and watch the on-demand virtual workshop to learn more. You can also go to Part 1 to learn how to estimate customer lifetime duration. 20% of your customers account for 200% of your profits. You read that correctly. This seems a mathematical...
On-Demand Virtual Session: Customer Lifetime Value
Before you can provide personalized services and offers to your customers, you need to know who they are. In this virtual workshop, retail and media experts will demonstrate how to build advanced customer lifetime value (CLV) models. From there companies can provide the right investment into each customer in order to create personalized offers, save...
Customer Lifetime Value Part 1: Estimating Customer Lifetimes
Download the Customer Lifetimes Part 1 notebook to demo the solution covered below, and watch the on-demand virtual workshop to learn more. You can also go to Part 2 to learn how to estimate future customer spend. The biggest challenge every marketer faces is how to best spend money to profitably grow their brand....
How a Fresh Approach to Safety Stock Analysis Can Optimize Inventory
Refer to the accompanying notebook for more details. A manufacturer is working on an order for a customer only to find that the delivery of a critical part is delayed by a supplier. A retailer experiences a spike in demand for beer thanks to an unforeseen reason, and they lose sales because of their lack...
New Methods for Improving Supply Chain Demand Forecasting
Organizations Are Rapidly Embracing Fine-Grained Demand Forecasting Retailers and Consumer Goods manufacturers are increasingly seeking improvements to their supply chain management in order to reduce costs, free up working capital and create a foundation for omnichannel innovation. Changes in consumer purchasing behavior are placing new strains on the supply chain. Developing a better understanding of...
On-Demand Webinar: Granular Demand Forecasting At Scale
We recently hosted a live webinar — How Starbucks Forecasts Demand at Scale with Facebook Prophet and Databricks — During this webinar we learnt why Demand Forecasting is critical to Retail/ CPG firms and how it enables 22 other use cases. Brendan O’Shaughnessy, Data Science Manager at Starbucks walked us through how Starbucks does demand...
Fine-Grained Time Series Forecasting At Scale With Facebook Prophet And Apache Spark
Advances in time series forecasting are enabling retailers to generate more reliable demand forecasts. The challenge now is to produce these forecasts in a timely manner and at a level of granularity that allows the business to make precise adjustments to product inventories. Leveraging Apache Spark™ and Facebook Prophet, more and more enterprises facing these...
