Solutions
Home »
Focus Areas of Retail Scientifics
With our vast expertise, we build custom predictive models to optimize your company goals
Site Selection
Choosing the next correct brick and mortar location is of utmost importance. These high risk decisions can be greatly improved through accurate forecasting of revenue for future locations
Market Capacity
Accurately predict how many locations your business can expect to open nationally and by market
White Space
Identifying granular geographic areas of potential new opportunity can narrow focus and return quicker results
Customer Lifecycle Management
Target the right customers, at the right time, with the right message, through the right vehicle to optimize spend
Cannibalization
Quantify the revenue impacts to each of your existing locations when opening a new location in the market
Site Analogs
Compare a potential new location to existing locations across a broad array of potential important variables
Marketing Mix Optimization
Allocate an optimal marketing budget across multiple channels by leveraging past marketing spend in a predictive model
Market Capacity
Accurately predict how many locations your business can expect to open nationally and by market
White Space
Identifying granular geographic areas of potential new opportunity can narrow focus and return quicker results
Customer Lifecycle Management
Target the right customers, at the right time, with the right message, through the right vehicle to optimize spend
Cannibalization
Quantify the revenue impacts to each of your existing locations when opening a new location in the market
Site Analogs
Compare a potential new location to existing locations across a broad array of potential important variables
Marketing Mix Optimization
Allocate an optimal marketing budget across multiple channels by leveraging past marketing spend in a predictive model
Forecasting
Utilize advanced time-series methodology to better predict where your KPIs will be heading in the future
Price Optimization
Set the optimal price by SKU controlling for customer demand, substitution, and competitor influences across all channels
Custom Solutions for Your Business
Every model we build is custom built from the ground up. Our modeling solutions are unique to your business, resulting in the greatest levels of accuracy and improved decision making.
No Black Box Algorithms
We provide full visibility into all algorithmic development
Spatial Focus
Geo-spatial predictive modeling expertise
Hands on Principals
We work directly with clients – no outsourcing
Model Execution
Utilize our models through a variety of front-end user interfaces. Each deployment is custom built to fit the specific needs of your project.
We can leverage existing internal systems, third party software providers, and even open source alternatives.
Ongoing Support
The world we live in is not static. Economic and demographic changes, competitive influences and internal strategy shifts are just a few examples of today’s dynamic business marketplace.
Retail Scientifics ensures that all of our models will continue to predict accurately given the changing business environment. Continuous model updating provides your business with the comfort that your predictive models will always be up to date.
Additional Services
The team at Retail Scientifics provides additional services to improve internal performance
Internal Training
Our skilled data scientists are available to help transfer our model building knowledge internally.
Visualizations
Powerful data visualizations tell a story on their own. Adding strong visualizations will help capture your audience.
Evaluations
If clients do not have the internal expertise to evaluate potential data scientist hires, software/data purchases, or third party software solutions our team is available to help you.
Analytics
Traditional analytics provide the backbone to many organization’s quantitative analysis. Begin leveraging your data today.
![](/wp-content/uploads/2022/08/ig-icon.png"){kind=icon}
