Whitepaper
Best Practices
for Effective Market Basket Analysis
Data experts share tips for conducting a comprehensive differential market basket analysis for grocery products.
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What You'll Learn:
- The difference between predictive market basket analysis and differential market basket analysis
- The 4 key steps for conducting a comprehensive differential market basket analysis for grocery products
- How to analyze recommendations for omnichannel operations based on your data
- Machine learnings role in market basket analysis
- Examples of market basket analysis
Differential Market Basket Analysis for Grocery
Quality customer transaction level data is the first step for performing an accurate differentiate market basket analysis.
We define data quality as a function of accuracy, depth, and coverage of information captured. Product matching is a foundational step in this process.
Grocery's End-to-End Pricing Solution
Simple automation gives grocers visibility into the competitive landscape and an understanding of how price changes will drive results.
Solutions Built for You & Results You'll Love
PRODUCT MATCHING
Match coverage on private labels & perishable products.
COMPETITIVE INTELLIGENCE
Receive alerts on price changes to ensure a proactive approach.
PRICE OPTIMIZATION
Identify & easily execute product-level pricing recommendations.
IMPACT ANALYSIS
Measure the impact of your sales KPIs, price rules, and adjustments.
Why Bungee Tech?
Pricing decisions shouldn’t feel like a free fall…
We are a team dedicated to solving the most challenging retail problems.