Inventors:
Earl Stanley Sun - Chaska MN, US
John Walbrun - Eden Prairie MN, US
Assignee:
Target Brands, Inc. - Minneapolis MN
International Classification:
G06Q 10/08
US Classification:
705 28, 705 22, 705301, 705348, 705 711, 705 36 R, 709224, 340 592, 235385
Abstract:
The risk of losing sales of an item in a retail store due to the item not being on the retail store's shelves for customers to purchase is reduced. An item an item at a retail store may be identified as being at risk based at least in part on a sales volatility of the item and on a frequency of the item selling beyond its sales floor capacity within a day. A minimum number of facings for the item in the retail store may be determined based at least in part on an average daily capacity of the item, an average number of facings for the item, and a specified amount of daily sales of the item. The determined minimum number of facings for the item in the retail store may be reported.