SlideShare une entreprise Scribd logo
1  sur  6
Télécharger pour lire hors ligne
Beyond the Barcode
Levels of
Shopper
Insight
3
*RSR Merchandising Today
Benchmark Report 2015
Know your customers and deliver what
they want or lose them; it’s that simple.
To deliver an optimal shopping experience
in the physical store, retailers need
sophisticated insights into customer
behavior and needs, going beyond the
barcode to 3 levels of shopper data.
Now, more than ever, your customer is
much more than just another barcode
passing over the checkout scanner.
Here are 3 levels of data to
get deeper insight into your
shopper’s preferences.
of brands surveyed identified their top
business challenge in merchandising as
Understanding Customer Preferences.*
43%
Beyond the Barcode
Level 1
Transactional Data
How well do you know your customer?
• Do you understand the Product Affinity
that relates to your customer base?
Which categories are purchased along
with a target item or group, as well
as the lift realized when these are
purchased together?
• Can you see how many shoppers buy
product X and Y? (Overlap Analysis)
• Do you have insight into Multiples Analysis
—the number of units shoppers purchase
in a shopping trip?
Shopper Identified Data
Can you link shopping baskets to customers
for a deeper level of behavioral analysis and
understanding?
Your customer’s sales behavior should
enable you to answer the following:
• Am I gaining or losing shoppers,
and in which segments?
• Are they spending more or less per trip?
• Are they buying more or less
of which products?
Level 2
*Bain Consulting (Loyalty Management Second Quarter 2012)
Shopper Identified Data
with Shopper Segmentation
To fully understand your customer,
you must understand…
• Segment Comparison—identifying brands
in a category that over- or under-perform
against key shopper segments.
• Item Importance—examining a product
group for a shopper segment and then
charting each product in terms of overall
shopper spend and item share of require-
ments.
• New/Lost/Retained—identifying which
products are driving new shoppers to the
category, losing shoppers, or performing
best in terms of shopper retention.
of shoppers typically drive 40% of sales.
Identifying high value shopper segments can
drive big improvements to the bottom line.*10%
The top
Level 3
Knowledge is power, and today knowledge is potentially deeper and more powerful
than ever. Learn more about how deep shopper insights empower retailers to deliver
effective, shopper-centric merchandising.
Move Beyond the Barcode
Download
the White
Paper

Contenu connexe

Plus de IBM Watson Commerce

Tactics and Technologies that Drive a Highly Personalized Customer Experience
Tactics and Technologies that Drive a Highly Personalized Customer ExperienceTactics and Technologies that Drive a Highly Personalized Customer Experience
Tactics and Technologies that Drive a Highly Personalized Customer ExperienceIBM Watson Commerce
 
11 Steps to Better Contract Management
11 Steps to Better Contract Management11 Steps to Better Contract Management
11 Steps to Better Contract ManagementIBM Watson Commerce
 
The Future of Supplier and Partner Relationships
The Future of Supplier and Partner RelationshipsThe Future of Supplier and Partner Relationships
The Future of Supplier and Partner RelationshipsIBM Watson Commerce
 
B2B Marketing to Millennials: Technology that Meets Expectations 9.8
B2B Marketing to Millennials: Technology that Meets Expectations 9.8B2B Marketing to Millennials: Technology that Meets Expectations 9.8
B2B Marketing to Millennials: Technology that Meets Expectations 9.8IBM Watson Commerce
 
The Future of Technology and Big Data in Commerce
The Future of Technology and Big Data in CommerceThe Future of Technology and Big Data in Commerce
The Future of Technology and Big Data in CommerceIBM Watson Commerce
 
A Banker's Guide to Becoming a Superhero
A Banker's Guide to Becoming a SuperheroA Banker's Guide to Becoming a Superhero
A Banker's Guide to Becoming a SuperheroIBM Watson Commerce
 
To buy or not to buy? How Millennials are reshaping B2B marketing
To buy or not to buy? How Millennials are reshaping B2B marketingTo buy or not to buy? How Millennials are reshaping B2B marketing
To buy or not to buy? How Millennials are reshaping B2B marketingIBM Watson Commerce
 
Millennial myths, exaggerations and uncomfortable truths - The real story beh...
Millennial myths, exaggerations and uncomfortable truths - The real story beh...Millennial myths, exaggerations and uncomfortable truths - The real story beh...
Millennial myths, exaggerations and uncomfortable truths - The real story beh...IBM Watson Commerce
 
Marketing to Millennials - Technology that Meets Expectations
Marketing to Millennials - Technology that Meets ExpectationsMarketing to Millennials - Technology that Meets Expectations
Marketing to Millennials - Technology that Meets ExpectationsIBM Watson Commerce
 
3 Strategies for Commerce on the Cloud
3 Strategies for Commerce on the Cloud3 Strategies for Commerce on the Cloud
3 Strategies for Commerce on the CloudIBM Watson Commerce
 
3 Essentials for Omni-channel Commerce
3 Essentials for Omni-channel Commerce3 Essentials for Omni-channel Commerce
3 Essentials for Omni-channel CommerceIBM Watson Commerce
 
IBM Commerce: Go from Concept to Commerce in Less than 90 Days
IBM Commerce: Go from Concept to Commerce in Less than 90 DaysIBM Commerce: Go from Concept to Commerce in Less than 90 Days
IBM Commerce: Go from Concept to Commerce in Less than 90 DaysIBM Watson Commerce
 
Finding & engaging today's insurance customer
Finding & engaging today's insurance customer Finding & engaging today's insurance customer
Finding & engaging today's insurance customer IBM Watson Commerce
 
Stop Your Mobile Marketing: It’s About the Context not the Channel
Stop Your Mobile Marketing: It’s About the Context not the ChannelStop Your Mobile Marketing: It’s About the Context not the Channel
Stop Your Mobile Marketing: It’s About the Context not the ChannelIBM Watson Commerce
 
EBook: Moments Matter: Deliver Superb Customer Journeys with Smarter Commerce
EBook:  Moments Matter: Deliver Superb Customer Journeys with Smarter CommerceEBook:  Moments Matter: Deliver Superb Customer Journeys with Smarter Commerce
EBook: Moments Matter: Deliver Superb Customer Journeys with Smarter CommerceIBM Watson Commerce
 
What Every Procurement Professional Should Know About Supplier Risk Managemen...
What Every Procurement Professional Should Know About Supplier Risk Managemen...What Every Procurement Professional Should Know About Supplier Risk Managemen...
What Every Procurement Professional Should Know About Supplier Risk Managemen...IBM Watson Commerce
 

Plus de IBM Watson Commerce (16)

Tactics and Technologies that Drive a Highly Personalized Customer Experience
Tactics and Technologies that Drive a Highly Personalized Customer ExperienceTactics and Technologies that Drive a Highly Personalized Customer Experience
Tactics and Technologies that Drive a Highly Personalized Customer Experience
 
11 Steps to Better Contract Management
11 Steps to Better Contract Management11 Steps to Better Contract Management
11 Steps to Better Contract Management
 
The Future of Supplier and Partner Relationships
The Future of Supplier and Partner RelationshipsThe Future of Supplier and Partner Relationships
The Future of Supplier and Partner Relationships
 
B2B Marketing to Millennials: Technology that Meets Expectations 9.8
B2B Marketing to Millennials: Technology that Meets Expectations 9.8B2B Marketing to Millennials: Technology that Meets Expectations 9.8
B2B Marketing to Millennials: Technology that Meets Expectations 9.8
 
The Future of Technology and Big Data in Commerce
The Future of Technology and Big Data in CommerceThe Future of Technology and Big Data in Commerce
The Future of Technology and Big Data in Commerce
 
A Banker's Guide to Becoming a Superhero
A Banker's Guide to Becoming a SuperheroA Banker's Guide to Becoming a Superhero
A Banker's Guide to Becoming a Superhero
 
To buy or not to buy? How Millennials are reshaping B2B marketing
To buy or not to buy? How Millennials are reshaping B2B marketingTo buy or not to buy? How Millennials are reshaping B2B marketing
To buy or not to buy? How Millennials are reshaping B2B marketing
 
Millennial myths, exaggerations and uncomfortable truths - The real story beh...
Millennial myths, exaggerations and uncomfortable truths - The real story beh...Millennial myths, exaggerations and uncomfortable truths - The real story beh...
Millennial myths, exaggerations and uncomfortable truths - The real story beh...
 
Marketing to Millennials - Technology that Meets Expectations
Marketing to Millennials - Technology that Meets ExpectationsMarketing to Millennials - Technology that Meets Expectations
Marketing to Millennials - Technology that Meets Expectations
 
3 Strategies for Commerce on the Cloud
3 Strategies for Commerce on the Cloud3 Strategies for Commerce on the Cloud
3 Strategies for Commerce on the Cloud
 
3 Essentials for Omni-channel Commerce
3 Essentials for Omni-channel Commerce3 Essentials for Omni-channel Commerce
3 Essentials for Omni-channel Commerce
 
IBM Commerce: Go from Concept to Commerce in Less than 90 Days
IBM Commerce: Go from Concept to Commerce in Less than 90 DaysIBM Commerce: Go from Concept to Commerce in Less than 90 Days
IBM Commerce: Go from Concept to Commerce in Less than 90 Days
 
Finding & engaging today's insurance customer
Finding & engaging today's insurance customer Finding & engaging today's insurance customer
Finding & engaging today's insurance customer
 
Stop Your Mobile Marketing: It’s About the Context not the Channel
Stop Your Mobile Marketing: It’s About the Context not the ChannelStop Your Mobile Marketing: It’s About the Context not the Channel
Stop Your Mobile Marketing: It’s About the Context not the Channel
 
EBook: Moments Matter: Deliver Superb Customer Journeys with Smarter Commerce
EBook:  Moments Matter: Deliver Superb Customer Journeys with Smarter CommerceEBook:  Moments Matter: Deliver Superb Customer Journeys with Smarter Commerce
EBook: Moments Matter: Deliver Superb Customer Journeys with Smarter Commerce
 
What Every Procurement Professional Should Know About Supplier Risk Managemen...
What Every Procurement Professional Should Know About Supplier Risk Managemen...What Every Procurement Professional Should Know About Supplier Risk Managemen...
What Every Procurement Professional Should Know About Supplier Risk Managemen...
 

Dernier

Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMRavindra Nath Shukla
 
Catalogue ONG NUOC PPR DE NHAT .pdf
Catalogue ONG NUOC PPR DE NHAT      .pdfCatalogue ONG NUOC PPR DE NHAT      .pdf
Catalogue ONG NUOC PPR DE NHAT .pdfOrient Homes
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewasmakika9823
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurSuhani Kapoor
 
Socio-economic-Impact-of-business-consumers-suppliers-and.pptx
Socio-economic-Impact-of-business-consumers-suppliers-and.pptxSocio-economic-Impact-of-business-consumers-suppliers-and.pptx
Socio-economic-Impact-of-business-consumers-suppliers-and.pptxtrishalcan8
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...lizamodels9
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communicationskarancommunications
 
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...noida100girls
 
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdfCatalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdfOrient Homes
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒anilsa9823
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Lviv Startup Club
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdfRenandantas16
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesDipal Arora
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...Paul Menig
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyEthan lee
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in managementchhavia330
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxAndy Lambert
 

Dernier (20)

Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSM
 
Catalogue ONG NUOC PPR DE NHAT .pdf
Catalogue ONG NUOC PPR DE NHAT      .pdfCatalogue ONG NUOC PPR DE NHAT      .pdf
Catalogue ONG NUOC PPR DE NHAT .pdf
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
 
KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)
 
Socio-economic-Impact-of-business-consumers-suppliers-and.pptx
Socio-economic-Impact-of-business-consumers-suppliers-and.pptxSocio-economic-Impact-of-business-consumers-suppliers-and.pptx
Socio-economic-Impact-of-business-consumers-suppliers-and.pptx
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
 
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdfCatalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in management
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptx
 

Beyond the Barcode: 3 Levels of Shopper Insight

  • 1. Beyond the Barcode Levels of Shopper Insight 3
  • 2. *RSR Merchandising Today Benchmark Report 2015 Know your customers and deliver what they want or lose them; it’s that simple. To deliver an optimal shopping experience in the physical store, retailers need sophisticated insights into customer behavior and needs, going beyond the barcode to 3 levels of shopper data. Now, more than ever, your customer is much more than just another barcode passing over the checkout scanner. Here are 3 levels of data to get deeper insight into your shopper’s preferences. of brands surveyed identified their top business challenge in merchandising as Understanding Customer Preferences.* 43% Beyond the Barcode
  • 3. Level 1 Transactional Data How well do you know your customer? • Do you understand the Product Affinity that relates to your customer base? Which categories are purchased along with a target item or group, as well as the lift realized when these are purchased together? • Can you see how many shoppers buy product X and Y? (Overlap Analysis) • Do you have insight into Multiples Analysis —the number of units shoppers purchase in a shopping trip?
  • 4. Shopper Identified Data Can you link shopping baskets to customers for a deeper level of behavioral analysis and understanding? Your customer’s sales behavior should enable you to answer the following: • Am I gaining or losing shoppers, and in which segments? • Are they spending more or less per trip? • Are they buying more or less of which products? Level 2
  • 5. *Bain Consulting (Loyalty Management Second Quarter 2012) Shopper Identified Data with Shopper Segmentation To fully understand your customer, you must understand… • Segment Comparison—identifying brands in a category that over- or under-perform against key shopper segments. • Item Importance—examining a product group for a shopper segment and then charting each product in terms of overall shopper spend and item share of require- ments. • New/Lost/Retained—identifying which products are driving new shoppers to the category, losing shoppers, or performing best in terms of shopper retention. of shoppers typically drive 40% of sales. Identifying high value shopper segments can drive big improvements to the bottom line.*10% The top Level 3
  • 6. Knowledge is power, and today knowledge is potentially deeper and more powerful than ever. Learn more about how deep shopper insights empower retailers to deliver effective, shopper-centric merchandising. Move Beyond the Barcode Download the White Paper