Methods and apparatus to predict new product performance metrics
View Patent ↗Methods and apparatus are disclosed to predict new product performance metrics. An example disclosed method includes selecting a product hierarchy tree based on a distribution measure for a new product, identifying a segment location of the product hierarchy tree for the new product, retrieving a relationship matrix associated with the segment location of the product hierarchy tree, the relationship matrix comprising available product performance coefficients and attribute information, identifying a spatial location for the new product in the relationship matrix based on the attribute information, calculating, using a programmed processor, an impact parameter based on the spatial location within the relationship matrix, and calculating the performance metric for the new product based on the impact parameter and a channel sales value.
1. A method to predict performance metrics of a new product, comprising:
identifying, with a programmed processor, a segment location of a product hierarchy tree based on a projected distribution measure for the new product;
retrieving, with the programmed processor, a relationship matrix associated with the segment location of the product hierarchy tree, the relationship matrix comprising available product performance coefficients and attribute information;
calculating, using the programmed processor, an impact parameter based on a spatial location within the relationship matrix, the spatial location based on the attribute information;
calculating the performance metrics for the new product for first and second assortments of related products on a store shelf, the first and second assortments associated with first and second proportional volume shifting effects, respectively, the performance metric calculated based on the impact parameter and a sum of (a) a ratio of category sales in a target geography and overall category sales in a sales channel associated with the new product, and (b) a ratio of channel sales in the target geography and overall channel sales in the sales channel associated with the new product; and
selecting a candidate product to de-list based on sales effects with the first and second assortment of products on the store shelf.
2. A method as described in claim 1 , further comprising identifying a plurality of product hierarchy trees related to at least one of a market channel or a market category associated with the new product.
3. A method as described in claim 1 , further comprising retrieving a second relationship matrix associated with the projected distribution measure.
4. A method as described in claim 3 , wherein the projected distribution measure includes a geographic indicator of at least one of a category or a channel associated with the new product.
5. A method as described in claim 4 , further comprising identifying products in the relationship matrix that match sibling products in the product hierarchy tree.
6. A method as described in claim 5 , further comprising adding a row and column associated with the new product to the relationship matrix adjacent to the matched sibling products.
7. A method as described in claim 6 , further comprising calculating cell coefficient values for a plurality of cells in the row and column associated with the new product based on the matched sibling products.
8. A method as described in claim 1 , further comprising tailoring the relationship matrix based on geographic attributes associated with a geography of interest.
9. A method as described in claim 1 , further comprising de-listing the candidate related product when overall category sales for a store decrease and sales of the candidate related product decrease.
10. A method as described in claim 1 , further comprising refraining from de-listing the candidate related product when sales of the candidate related product decrease while overall category sales for a store increase.
11. An apparatus to predict performance metrics of a new product, comprising:
a tree manager to select a product hierarchy tree based on a distribution measure for a new product, and to identify a segment location of the product hierarchy tree based on the distribution measure for the new product;
a matrix modifier to retrieve a relationship matrix associated with the segment location of the product hierarchy tree, the relationship matrix comprising available product performance coefficients and attribute information, the matrix modifier to identify a spatial location for the new product in the relationship matrix based on the attribute information; and
a proximity weighting engine to calculate an impact parameter based on the spatial location within the relationship matrix, and to calculate the performance metric for the new product for a first and second assortment of related products on a store shelf, the first and second assortments to be associated with first and second proportional volume shifting effects, respectively, the performance metric calculated based on the impact parameter and a sum of (a) a ratio of category sales in a target geography and overall category sales in a sales channel associated with the new product, and (b) a ratio of channel sales in the target geography and overall channel sales in the sales channel associated with the new product; and
a new product manager to select a candidate product to de-list based on a sales effect with the first and second assortment of products on the store shelf; and wherein the tree manager, the matrix modifier, the proximity weighting engine and the new product manager comprising a logic circuit.
12. An apparatus as described in claim 11 , wherein the tree manager is to select the distribution measure based on a channel and a category.
13. A tangible machine readable storage device or storage disk comprising machine-accessible instructions, that, when executed, cause a machine to, at least:
identify a segment location of a product hierarchy tree based on a projected distribution measure for the new product;
retrieve a relationship matrix associated with the segment location of the product hierarchy tree, the relationship matrix comprising available product performance coefficients and attribute information;
calculate an impact parameter based on a spatial location within the relationship matrix, the spatial location based on the attribute information;
calculate performance metrics for the new product for a first and second assortment of related products on a store shelf, the first and second assortments associated with first and second proportional volume shifting effects, respectively, the performance metrics calculated based on the impact parameter and a sum of (a) a ratio of category sales in a target geography and overall category sales in a sales channel associated with the new product, and (b) a ratio of channel sales in the target geography and overall channel sales in the sales channel associated with the new product; and
select a candidate product to de-list based on sales effects with the first and second assortment of products on the store shelf.
14. A tangible storage device or storage disk as described in claim 13 , wherein the machine-accessible instructions, when executed, cause the machine to identify the projected distribution measure is indicative of a channel and a category.
15. A tangible storage device or storage disk as described in claim 13 , wherein the machine-accessible instructions, when executed, cause the machine to receive a candidate segment location in response to identifying the segment location of the product hierarchy tree.
16. A tangible storage device or storage disk as described in claim 15 , wherein the machine-accessible instructions, when executed, cause the machine to select the candidate segment location based on a product similarity input from a user.
17. A tangible storage device or storage disk as described in claim 13 , wherein the machine-accessible instructions, when executed, cause the machine to retrieve a second relationship matrix associated with the projected distribution measure.
18. A tangible storage device or storage disk as described in claim 17 , wherein the machine-accessible instructions, when executed, cause the machine to identify at least one of a category or a channel associated with the new product.
19. A tangible storage device or storage disk as described in claim 18 , wherein the machine-accessible instructions, when executed, cause the machine to identify products in the relationship matrix that match sibling products in the product hierarchy tree.
20. A tangible storage device or storage disk as described in claim 19 , wherein the machine-accessible instructions, when executed, cause the machine to add a row and column associated with the new product to the relationship matrix adjacent to the matched sibling products.
21. A tangible storage device or storage disk as described in claim 20 , wherein the machine-accessible instructions, when executed, cause the machine to calculate cell coefficient values for a plurality of cells in the row and column associated with the new product based on the matched sibling products.