predictive merchandising
Also called automated merchandising or personalized product recommendations, in electronic commerce it is a search technology that integrates data and predictive analytics to generate site merchandising. While exact features of predictive merchandising services differ from vendor to vendor, there all have some common functions. Usually tracking tags are used in a merchant’s e-mail and on-site that capture and analyze key information at each point in the online shopping process. Web site visitor’s preferences are tracked and the system is able to analyze that data in order to automate product offers to other customers with similar behavior on the site. Other aspects of automated merchandising include cross-sell and up-sell of related products, the capability for shoppers to compare related products, and the ability to show returning customers products they previously showed an interest in.
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Also called order fulfillment, in electronic commerce terminology, it is the term used to describe the complete process used by a company from the point of sale onward to the delivery of a product to a customer.
- automated merchandising
See under predictive merchandising.
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A slang term used to describe networked shopping. In electronic commerce it refers to consumers who use social networking services and sites to share their latest purchases, deals, coupons, product reviews, want lists, and other shopping finds. Some people may use affiliate links when they write about shopping and products on social spaces including MySpace, […]
- personalized product recommendations
See under predictive merchandising.
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In computer programming, mandelbug is a classification of an unusual software bug that is so complex that its behavior appears chaotic or there is no practical solution to fix it. An examplele of this type of bug would be a fundamental design flaw in an operating system. The mandelbug was named after Professor Benoit Mandelbrot, […]