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Bundling Opportunities
Identify which items are bought together most frequently.
Increase Revenues
Increase Revenues
INDUSTRY
Apparel & Fashion
Consumer Electronics
Consumer Goods
Cosmetics
Food & Beverage
Retail
BUSINESS FUNCTION
Merchandising
Problem
Potential revenue loss may occur due to not capitalizing on customer buying patterns for effective product bundling.
Insight
Analyzing customer purchase history reveals which pairs of items are frequently purchased by customers together, allowing for effective bundling strategies.
Impact
By bundling items that customers frequently buy together, the company can increase sales through targeted promotional offers, thereby enhancing customer satisfaction and revenue.