Retail

Mentana for Retail

Mentana 's machine learning solutions allows retailers to better leverage their data about customers to create powerful and actionable predictions.

Mentana  offers powerful tools that can help retail stores solve their most challenging problems and empower them to make the best decisions on core operations.

Using Data for a Competitive Edge

The modern day retail landscape is incredibly competitive, with companies being compelled to make better use of consume data to achieve improvements to their sales and operations strategies. Retailers want a better understanding of their current consumer behaviours, they want to be able to generate predictions on the data they collect to create meaningful and impactful outcomes.

Utilizing machine learning is one of the primary ways in which retailers are adapting to have a competitive edge. While typically machine learning involves a high cost and time investment, Mentana's solutions allow technical and non-technical users to automatically build complete prediction machine learning pipelines and generate valuable predictions.

Machine Learning Powered Predictions that Drives Results

FORECAST accuracy improvement

12%

CHURN RATE REDUCTION

14%

aVERAGED SAVED IN RETAINED REVENUE

$52,000

Use Cases

Powerful Retail Use Cases

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Customer Churn Prediction icon
Customer Churn Prediction

Predict if A Customer is Likely to Churn and When

Mentana’s Customer Churn Prediction solution allows retailers to identify customers likely to churn in the future, giving them an opportunity to proactively address it ahead of time. Keep customers from churning and retain revenue that would otherwise be lost.
Predict churn probabilities for each customer
Increase customer loyalty and revenue
Decrease customer churn rates
Customer Churn Prediction
Customer Lifetime Value Prediction icon
Customer Lifetime Value Prediction

Predict Amount Spent By A Customer in a Given Period

Mentana's Customer Lifetime Value Prediction solution allows retailers to identify customers that will produce the most revenue over a given time period. Increase loyalty of customers that drive majority of revenue and gain an advantage over competition.
Generate CLV predictions for each customer
Determine revenue over a given time period
Increase loyalty among high-value customers
Customer Lifetime Value Prediction
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Demand Forecasting

Forecast Future Customer Demand

Mentana's Demand Forecasting solution allows retailers to identify future market demand, and gain a clear view of product quantities required. Maximize profit margins by reducing understocking and overstocking with optimal inventory management.
Identify product quantities required to meet future market demand
Reduce excess stock and stockouts
Maximize profit margins with optimal device and equipment inventory
Demand Forecasting
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Customer Segmentation

Group Customers Into Natural Segments

Mentana’s Customer Segmentation solution allows retailers to group customers into natural categories based on demographics, behaviour and preferences. Increase marketing effectiveness by developing targeted strategies.
Pinpoint groups of customers with similar identifying features
Develop effective targeted marketing strategies
Increase revenue with more efficient offerings
Customer Segmentation
Get Started

Get Started with ML-Powered Demand Forecasting in Three Easy Steps

Today
Weeks 1-3
Week 4
Book a Demo
Discuss your challenges and we'll help outline a path to improved demand forecasting.
Solution Workshops
We'll define requirements and scope to ensure a smooth, high-impact deployment.
Initial Deployment
Receive a deployment integrated to your existing systems, in an initial three month access period.
All Solutions

Mentana's Machine Learning Solutions

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Demand Forecasting Studio

Forecast and manage the future demand of products
Customer insight studio icon

Customer Insights Studio

Predict customer actions and behaviours in the future
FlexiBuild studio icon

FlexiBuild Studio

The all-in-one no code machine learning platform