3/2/2023 0 Comments Bi fact table timeslice![]() ![]() The cluster group code is a business code that is also a unique identifier for a cluster group Table 5-5 Cluster Attribute Dimensions Attribute Stores can be clustered based on their similarity in attributes such as performance, size or format of store, weather, or based on similarity in customer make up based on their demographic attributes.Ĭlusters are organized into the following hierarchy: Cluster Group - Cluster - Location: below is an example hierarchy. In other words, stores in a single cluster should be fairly homogeneous, while the clusters themselves should be heterogeneous. Effective clustering should involve a small number of clusters providing maximum differentiation among one another, while minimizing the difference between the locations within each cluster. Hence the need for the intelligent grouping of similar stores into clusters.Ĭlustering stores enables retailers to manage large chains (that is, greater than 500 locations) in an efficient manner. However, given the number of stores at a typical retailer, it is not possible to manually plan these at the individual store level. Understanding the makeup of the local consumers shopping each individual store is important in developing assortment, pricing and promotion strategies that are tailored to the local consumer needs. This information helps retailers develop strategies and tactical execution plans that are tailored to meet specific customers needs, thus maximizing customer satisfaction while meeting retailers overall business objectives around increased profitability and growth. How they would shop the merchandise area as well as other merchandise areas when in the store Who shops (or is expected to shop) the merchandise area (Department or Class) Understanding consumer shopping behavior is important to help retailers when planning assortment, pricing, promotions and other key merchandising decisions. ![]() Represents the end date of fiscal week for the company. ![]() Represents the start date of fiscal week for the company. Represents the fiscal week for the company. Represents the end date of fiscal period for the company. Represents the start date of fiscal period for the company. Represents the fiscal quarter for the company Represents the end date of fiscal year for the company Represents the start date of fiscal year for the company. Represents the period of year which company uses for calculating its annual fiscal statement. The period of time, generally a month, reflected in financial statements. Table 5-1 Business Calendar Dimension Attributes Attribute ![]()
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