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AI Slashes Assortment Planning Costs, So What’s the Holdup?

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

When used effectively artificial intelligence could help retailers accomplish a perennial priority—cutting costs. Among retailers that adopted enterprise-grade, AI-driven applications for assortment planning, 76 percent reported cost savings of at least 3 percent or more, according to a June survey from Coresight Research. The cost benefits were even greater for 36 percent of these businesses,…

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