Helen Schepanik
4 episodes
Questions Helen Schepanik answered
Helen recommends same-day recording as the ideal. Where operations make that impossible, records should be completed no later than the following day.
TOP-5 specifics of Fresh category Inventory Management in grocery retail19:11
Mature data allows retailers to use more advanced forecasting methods. The greatest benefit is in promotion forecasting, where machine learning and AI can predict promotional demand from reliable historical data.
TOP-5 specifics of Fresh category Inventory Management in grocery retail22:20
The coefficients should be calculated automatically within the ordering algorithm to avoid manual effort and errors. They must be specific to each product and store because demand also depends on location, store format and delivery timing.
TOP-5 specifics of Fresh category Inventory Management in grocery retail28:51
Yes. Machine-learning models can use category-level behavior and promotional sales from similar SKUs, which generally produces better results than history-dependent statistical methods for new items.
WEBINAR: MAKING EVERY TRADE PROMOTION EFFICIENT IN THE ERA OF AI31:51
They can be mapped manually when similarity data exists in the ERP system or identified automatically when no such mapping is available.
WEBINAR: MAKING EVERY TRADE PROMOTION EFFICIENT IN THE ERA OF AI32:52
In Helen Schepanik's words
“With the proper management of this category, a retailer can improve turnover, earn more and attract customers to the store, since the fresh category is a traffic-generating one.”
TOP-5 specifics of Fresh category Inventory Management in grocery retail17:03
“With incorrect data in the input, good quality shouldn't be expected at the output.”
TOP-5 specifics of Fresh category Inventory Management in grocery retail18:07
“What gets measured gets managed.”
TOP-5 specifics of Fresh category Inventory Management in grocery retail37:49
“Despite all these changes, despite all these problems, retailers are fighting like heroes to ensure that the population has a possibility to eat, drink, please their children, and just support the economy of Ukraine.”
War notes: How Ukrainian retail business is managing the impossible. Poland & CEE Retail Summit.9:20
“People—heroic people—are opening shops every morning, and they are facing new days and new challenges each day.”