Watch the on-demand CXP demo to discover how it works and how can you set up the business rules using a user-friendly UI.
CXP in Action for Retail & CPG:
Overstocked products are automatically boosted and promoted to ensure working capital efficiency.
Automatically hide out-of-stock products, then automatically reverse the process when the item is back in stock.
Monitor product sales and automate inventory and on-time reordering of low-stock products by combining sales stats with supplier on-time delivery (OTD) stats to avoid stock out.
Next Best Option
Recommend products from suppliers/drop ship vendors with better on time delivery to reduce backorders and accelerate revenue.
Lower waste by avoiding excessive stock, promote stock that will expire, reduce return rates and recommend more sustainable shipping options. Report on your carbon footprint.
Understand customers propensity to return products and engage them proactively to reduce return rates, e.g. by testing different strategies (punishing vs. rewarding).
Control advertisement spent by automatically suspending/reactivating advertisement campaigns based on inventory level and demand.
Credit Risk: Cancel or put orders on hold for review from known bad actors.
Fulfillment Risk: Alert supplier management team of orders delayed by backorders or slow drop ship vendors.