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	<title>product-attribute-tagging Archives - Intelistyle</title>
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	<description>Personalization for Fashion</description>
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		<title>4 Things to Know About Buying and Merchandise Planning</title>
		<link>https://intelistyle.com/buying-merchandise-planning-data-profit/</link>
		
		<dc:creator><![CDATA[Kostas Koukoravas]]></dc:creator>
		<pubDate>Tue, 24 Nov 2020 13:57:22 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[buying reports]]></category>
		<category><![CDATA[merchandise planning]]></category>
		<category><![CDATA[product-attribute-tagging]]></category>
		<guid isPermaLink="false">http://18.132.39.198/?p=7833</guid>

					<description><![CDATA[<p>Find out why data-driven buying and merchandise planning is the core skill you need to master to run a profitable fashion business Fashion has a notorious overstocking problem: From Burberry’s annual report revealing £2.8 Million worth of incinerated stock in 2018 to headlines about H&#38;M’s 12 Tonnes of unsold clothing since 2013. Yet, they are [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://intelistyle.com/buying-merchandise-planning-data-profit/">4 Things to Know About Buying and Merchandise Planning</a> appeared first on <a rel="nofollow" href="https://intelistyle.com">Intelistyle</a>.</p>
]]></description>
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<p><em>Find out why data-driven buying and merchandise planning is the core skill you need to master to run a profitable fashion business</em></p>



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<p>Fashion has a notorious overstocking problem: From Burberry’s annual report revealing <a style="text-decoration: none;" href="https://www.forbes.com/sites/oliviapinnock/2018/07/20/no-one-in-fashion-is-surprised-burberry-burnt-28-million-of-stock/">£2.8 Million worth of incinerated stock</a> in 2018 to headlines about H&amp;M’s 12 Tonnes of unsold clothing since 2013. Yet, they are hardly the only companies facing this issue. The practice runs from high street to luxury throughout the fashion industry.</p>



<p>What doesn’t get reported is the other side of the coin: The industry also has an understocking problem that equally hurts healthy profits by means of unmet demand and missed sales opportunities to generate more revenue.</p>



<figure class="wp-block-image size-large is-style-default"><img decoding="async" src="https://www.intelistyle.com/wp-content/uploads/2020/11/bm-stats-1024x576.png" alt="Unsold Stock Statistics"/></figure>



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<h3 class="wp-block-heading">Demand Forecasting vs Trend Forecasting</h3>



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<p>None of these key industry players take their buying and merchandise planning decisions lightly. They analyse trends, look at forecasts and past stock performance. So why then do they keep finding themselves in this unprofitable place year after year?</p>



<p>Because trend forecasting isn’t enough on its own to find the optimum product range that will meet the demand of a retailer’s unique audience and customer segments. Just because ‘neon’ is trending next season doesn’t automatically mean your customers will respond well to it.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://www.intelistyle.com/wp-content/uploads/2020/11/Merchandise-Reporting.png" alt="Merchandise Planning Demand Forecast"/></figure>



<p>That’s where stock performance analysis comes into play. Your current and past stock can indicate exactly what and how much your unique target audience wants to buy as well as how their tastes will evolve over the seasons.</p>



<p>Unfortunately, traditional past performance analysis looks at only the tip of the iceberg that is a retailer’s stock with metrics that lack depth.<b style="font-weight: normal;">&nbsp;</b></p>



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<h3 class="wp-block-heading">Data-Driven Buying Decisions</h3>



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<p>Intelligent buying &amp; merchandising planning is at the core of running a profitable fashion retail business.</p>



<p>Without the right product, in the right amount, at the right time, in front of the right consumers, with the right selling price &#8211; no amount of sales &amp; marketing efforts can save a fashion retailer’s revenue.</p>



<p>A buyer’s intuition is only as strong as the data that supports it. Retailers who liberate themselves from manual practices that rely on educated guesswork and support the expertise of their buyers with algorithmic, fashion-specific rich data will build flexible, efficient and responsive merchandising processes.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://www.intelistyle.com/wp-content/uploads/2020/11/5-rights-1024x576.png" alt="5 Rights You Need For Merchandise Planning"/></figure>



<p>Intelligent merchandise planning translates into lower cost of funds tied down to dead stock, higher sales numbers and consequently increased profits.</p>



<p>Not only that but your freed up funds can be reallocated to invest in other revenue-boosting decisions that support your growth.</p>



<p>Let’s look at what successful buying and merchandise planning is and the tools you need to master the art of planning for profit :</p>



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<h3 class="wp-block-heading">What Is Merchandise Planning</h3>



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<p>The principle concept of merchandise planning consists of four equally crucial steps:</p>



<ol class="wp-block-list"><li> Post-season analysis: Past Performance Reporting </li><li> Pre-season planning: Trend Forecasting </li><li> In-season adjusting: Inventory Management </li><li> Customer behaviour: Target Segment Analysis </li></ol>



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<p>Preemptive buying and merchandising decisions are only possible by looking at a retailer’s stock as the consolidated intelligence of the past, present and future inventory.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://www.intelistyle.com/wp-content/uploads/2020/11/bm-planning-chart-1024x576.png" alt="Buying and Merchandise Planning Steps"/></figure>



<p>Post-season analysis informs a retailer on the buying patterns and behaviour of their target customer segments.</p>



<p>Pre-season forecasting and planning should be grounded on these habits to identify the trends that will intersect with customer demand.</p>



<p>On the other hand, in-season adjusting allows a retailer to respond to unforeseen changes in customer behaviour. Responsive inventory management mitigates the effect of planning errors.</p>



<p>The fact is that errors are impossible to avoid completely as they are embedded in the nature of forecasting the unknown. What can be done is to plan with minimum room for error and have the tools to react and correct any errors in real-time.</p>



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<figure class="wp-block-image size-large"><img decoding="async" src="https://www.intelistyle.com/wp-content/uploads/2020/11/report-charts-1024x576.png" alt="Merchandise Planning Attribute Dashboard"/></figure>



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<h3 class="wp-block-heading">Benefits of Merchandise Planning</h3>



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<ul class="wp-block-list"><li> <strong>Reduced Warehousing Costs:</strong> As it decreases inventory carrying costs since there is less unwanted inventory in the warehouse and therefore reduced labour and maintenance costs </li><li> <strong>Increased Customer Loyalty and Lifetime Value:</strong> As your customer very rarely goes empty-handed due to products being out of stock and has enough options that meet their taste and demand to make a purchase decision, meaning they keep coming back for more </li><li> <strong>Less Discounting:</strong> As you don’t have to rely on heavy discounts to get rid of unsold inventory </li><li><strong> Less Missed Sales Opportunities: </strong>As there are very few out of stock situations and best-selling products that your competitors have but you haven’t stocked </li><li> <strong>Smart Inventory Investment:</strong> As your money is tied to only those stocks that will generate revenue</li></ul>



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<figure class="wp-block-image size-large"><img decoding="async" src="https://www.intelistyle.com/wp-content/uploads/2020/11/report-dash-1024x556.png" alt="Responsive Merchandise Planning"/></figure>



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<h3 class="wp-block-heading">Advanced vs Traditional Merchandise Reporting</h3>



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<p>In this day and age, almost all fashion retailers use some form of merchandise reporting to inform their buying decisions. However, all merchandise reports are not created equal.</p>



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<figure class="wp-block-image size-large"><img decoding="async" src="https://www.intelistyle.com/wp-content/uploads/2020/11/report-ipad.png" alt=""/></figure>



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<p>Traditional merchandising reports look at individual products by top categories, subcategories and product families. While this is no doubt a better starting off point than fully manual, instinct-driven buying and merchandise planning, it isn’t nearly enough to plan profitable product ranges in an <a href="https://www.intelistyle.com/omnichannel-retail-strategy-simplified/">omnichannel world</a>.</p>



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<h3 class="wp-block-heading">Why You Need To Analyse Detailed Product Attributes</h3>



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<p>Analysing your individual products by detailed, fashion-specific attributes and identifying the clusters of best and worst performers in those attribute groups allows your buying teams to not only know what kind of dresses are in demand but also exactly which attributes a dress needs to have to become a best-seller: from it’s sleeve type to neckline, its fabric to its pattern, its hemline to its waistline and more.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://www.intelistyle.com/wp-content/uploads/2020/11/6-1024x576.png" alt="Automated Attribute Tag Analysis"/></figure>



<p>Identifying attribute patterns across your stock efficiently and in real-time is only feasible by automating the process of tagging your products with trackable categories, subcategories and attributes the moment they land on your inventory.</p>



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<h3 class="wp-block-heading">How A.I. Can Support Your Merchandise Planning</h3>



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<p>The <a href="https://www.intelistyle.com/ai-stylist-fashion-retail/">power of A.I.</a> and Visual Recognition allows fashion retailers to tag their entire stock with detailed fashion attributes and track the performance of each attribute on a wide range of KPIs that are tailored to the individual needs of their business.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://www.intelistyle.com/wp-content/uploads/2020/11/product-dash-1024x576.png" alt="A.I. Supported Merchandise Planning"/></figure>



<p>The performance of your subcategories and attributes are then analysed in Advanced Buying and Merchandising Reports that compare these values for your past and current stock, against the KPIs you want to track.</p>



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<h3 class="wp-block-heading">Compare Forecast Against Performance</h3>



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<p>Buyers can also look at the attributes that they forecast to trend in the coming season &#8211; such as puff sleeves or even values as specific as pastel lilac &#8211; and see how corresponding attributes have performed in the past and are currently performing at present.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://www.intelistyle.com/wp-content/uploads/2020/11/7-1024x576.png" alt="Merchandise Planning Attributes 2"/></figure>



<p>This intelligence allows them to accurately anticipate not only future trends but also future demand, so they buy the right products in the right quantities.</p>



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<h3 class="wp-block-heading">Analyse Your Stock Performance By Channels</h3>



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<p>Advanced Reports will also show you which attributes perform best at which channel: for instance, floral prints might be flying off the shelves in your brick and mortar stores but not on your e-commerce store.</p>



<p>Or combat boots might be the best-selling product in one specific region but perform very poorly in a different one.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://www.intelistyle.com/wp-content/uploads/2020/11/LC-product-1024x576.png" alt="Merchandise Real-time Performance"/></figure>



<p>Identifying demand by channel and location means that you allocate the right stock to the right place where demand is highest.</p>



<p>What the best part yet is that tracking all of this in real-time means wrong pre-season forecasts don’t have to result in seasonal loss: You can reallocate your stock at the first sign of a red flag and maximise full-price sales up to the end of a product’s lifecycle.</p>



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<h3 class="wp-block-heading">Plan Smart, Profit Big</h3>



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<p>Incorporate Intelistyle&#8217;s Advanced Buying and Merchandise Reports into your stock planning and management process today and start enjoying a revenue uplift from your first product drop.</p>



<p><a href="https://www.intelistyle.com/contact-us/">Get in touch</a> to find out how we can customise our advanced reports to the unique needs and KPIs of your fashion and luxury retail business.</p>



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<h6 class="wp-block-button is-style-fill" style="text-align: center;"><a class="wp-block-button__link has-white-color has-text-color has-background" style="border-radius: 8px; background-color: #e8004c;" href="http://18.132.39.198/contact-us/" rel="http://18.132.39.198/contact-us/">Advanced Merchandise Reporting Demo</a></h6>


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<p></p>
<p>The post <a rel="nofollow" href="https://intelistyle.com/buying-merchandise-planning-data-profit/">4 Things to Know About Buying and Merchandise Planning</a> appeared first on <a rel="nofollow" href="https://intelistyle.com">Intelistyle</a>.</p>
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		<item>
		<title>Automated Product Tagging: Reform Your Fashion Business</title>
		<link>https://intelistyle.com/how-automated-product-tagging-can-reform-your-fashion-business/</link>
		
		<dc:creator><![CDATA[Kostas Koukoravas]]></dc:creator>
		<pubDate>Tue, 07 Jan 2020 10:55:56 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Fashion]]></category>
		<category><![CDATA[IT]]></category>
		<category><![CDATA[ai]]></category>
		<category><![CDATA[image tagging]]></category>
		<category><![CDATA[product recommendations]]></category>
		<category><![CDATA[product tagging]]></category>
		<category><![CDATA[product-attribute-tagging]]></category>
		<category><![CDATA[retail]]></category>
		<guid isPermaLink="false">http://18.134.58.41/?p=4953</guid>

					<description><![CDATA[<p>Automated Product Tagging: Reform Your Fashion Business Automated product tagging can drastically reform your fashion business and in this post, we are going to explore how. On-demand fashion has irrevocably changed the retail landscape. The backstage operations at design, buying-merchandising, production and all touchpoints in the customer journey. Retailers have more variety on their product [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://intelistyle.com/how-automated-product-tagging-can-reform-your-fashion-business/">Automated Product Tagging: Reform Your Fashion Business</a> appeared first on <a rel="nofollow" href="https://intelistyle.com">Intelistyle</a>.</p>
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					<h2 class="elementor-heading-title elementor-size-default">Automated Product Tagging: Reform Your Fashion Business</h2>				</div>
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									<p><img fetchpriority="high" decoding="async" class="aligncenter wp-image-4970" title="Product Tagging" src="https://www.intelistyle.com/wp-content/uploads/2020/01/Multi-product-detection-e1578332449914.png" alt="Use Visual Search To Detect and Tag All Products On Your Full Body Images" width="600" height="274" srcset="https://intelistyle.com/wp-content/uploads/2020/01/Multi-product-detection-e1578332449914.png 914w, https://intelistyle.com/wp-content/uploads/2020/01/Multi-product-detection-e1578332449914-300x137.png 300w, https://intelistyle.com/wp-content/uploads/2020/01/Multi-product-detection-e1578332449914-768x351.png 768w" sizes="(max-width: 600px) 100vw, 600px" /></p>
<p><span style="font-weight: 400;">Automated product tagging can drastically reform your fashion business and in this post, we are going to explore how.</span></p>
<p><span style="font-weight: 400;">On-demand fashion has irrevocably changed the retail landscape. The backstage operations at design, buying-merchandising, production and all touchpoints in the customer journey. Retailers have more variety on their product catalogue to meet rapidly changing customer demand. And customers love variety, don’t they? Yes and no.</span></p>
<p><span style="font-weight: 400;">Yes, having abundant choices allows each shopper to find exactly what they are looking for. This can be a winning strategy, but how you process and present your catalogue makes or breaks the customer experience. Imagine you are searching for a pair of tapered dark wash jeans. By page five, you have seen tapered jeans and you have seen dark wash jeans. Yet, no sign of what you are actually looking for. At this point, you are likely to give up and look elsewhere. In other words, the retailer’s horror story: <a href="https://en.wikipedia.org/wiki/Abandonment_rate">Site abandonment</a>.</span></p>
<p><span style="font-weight: 400;">This is where you want to turn to automated product tagging.</span></p>
<p> </p>
<h3><b>What Are Product Tags?</b></h3>
<p><span style="font-weight: 400;">Product tags are a set of additional attributes, known as attribute metadata. They add detailed definition and information to enrich your base-level data. In this case, your product title and description would be base-level data, such as “</span><span style="font-weight: 400;">Floral-Print Crepe Midi Dress”.</span></p>
<p><span style="font-weight: 400;">By adding attribute metadata to your products, you improve search functionality, product ranking and product recommendations for the customer. On the business side, you streamline your inventory management process. This can be done in one easy step through automated image tagging.</span></p>
<p><span style="font-weight: 400;">Attribute metadata is:</span></p>
<table>
<tbody>
<tr>
<td><span style="font-weight: 400;">Faster</span></td>
<td><span style="font-weight: 400;">Non-biased</span></td>
<td><span style="font-weight: 400;">Searchable</span></td>
<td><span style="font-weight: 400;">Retrievable</span></td>
</tr>
<tr>
<td><span style="font-weight: 400;">Scalable</span></td>
<td><span style="font-weight: 400;">Standardised</span></td>
<td><span style="font-weight: 400;">Sortable</span></td>
<td><span style="font-weight: 400;">Layer Multiple Values</span></td>
</tr>
</tbody>
</table>
<p><span style="font-weight: 400;">For multi-brand retailers, automated product tagging standardises different tags and product information coming from each brand’s garment taxonomy. This way, your entire catalogue is collected under one consistent roof that reflects your brand definition.</span></p>
<p> </p>
<h3><b>How Does Product Tagging Work?</b></h3>
<p><span style="font-weight: 400;">Retailers have traditionally labelled their catalogue with tags that facilitate sorting and searching through inventory. Manually. Manual tagging requires excessive labour, takes time and lacks depth. Additionally, it is subject to human bias. This is where <a href="https://www.intelistyle.com/how-it-works-ai-fashion-styling/">AI and technology</a> enter the scene to change the product tagging game.</span></p>
<p><span style="font-weight: 400;">Using AI image tagging, each product on your catalogue is automatically tagged with </span><span style="font-weight: 400;">multiple attribute labels. </span></p>
<p><span style="font-weight: 400;">We use several neural networks, trained on continuously updated proprietary datasets, in order to accomplish this. We use category prediction and subcategory prediction networks. These compute a single high-level category, e.g. Tops, Shoes, Outerwear and a single more detailed category, respectively, for each garment given the available raw image and text metadata. A separate neural network locates the relevant item in the image. </span></p>
<p><span style="font-weight: 400;">Furthermore, this allows us to deal with images that may contain more than one possible item. A final neural network predicts which attributes apply to the particular item. This attribute model may predict as many or as few attributes from our taxonomy as it deems relevant.</span></p>
<h3><b>How Can We Measure Product Tags Quality?</b></h3>
<p><span style="font-weight: 400;">For attribute prediction, we can judge the quality by two metrics: precision and recall. If the model has high precision then all attributes predicted by the model will likely be correct, but it may not predict all possible attributes. In this case for a blue, crew-neck, long sleeved top, “blue” and “long sleeved” may be predicted while “crew-neck” is not. </span></p>
<p><span style="font-weight: 400;">On the other hand, if the model has high recall then all relevant attributes will likely be predicted by the model. It may however also predict some irrelevant attributes. For the previous example, this would mean that the model may predict “blue”, “long sleeved”, “crew-neck” and “satin”, while the top is not satin. When working with real-world data where perfect predictions are impossible (for humans and AI alike) there is a trade-off between these two metrics. Our models can be optimised for maximum precision, maximum recall or anywhere in between to suit requirements.</span></p>
<p><span style="font-weight: 400;">Attribute labels add improved, in-depth and fashion-specific product information not covered by generic tags.</span></p>
<p><span style="font-weight: 400;">Automated image tagging is completed at a fraction of the time and labour cost of manual tagging. In other words, you will increase operational efficiency and your catalogue processing time by up to 90%. Additionally, you will improve the quality and coverage of your product tags. This way, your merchandising teams have more time to focus on the areas of your business where their expertise and human touch make a real difference.</span></p>
<p><img decoding="async" class="aligncenter wp-image-4972" src="https://www.intelistyle.com/wp-content/uploads/2020/01/Attributes-Dress.png" alt="Automated Product Tagging" width="600" height="337" srcset="https://intelistyle.com/wp-content/uploads/2020/01/Attributes-Dress.png 960w, https://intelistyle.com/wp-content/uploads/2020/01/Attributes-Dress-300x169.png 300w, https://intelistyle.com/wp-content/uploads/2020/01/Attributes-Dress-768x432.png 768w" sizes="(max-width: 600px) 100vw, 600px" /></p>
<p> </p>
<h3><b>Use Cases and Measurable Benefits of Fashion Tags</b></h3>
<h4><b>1- Online Storefront</b></h4>
<p><span style="font-weight: 400;">Improve product discoverability and increase search engine click-through rate by offering immediate, accurate search results. Online customers can browse your entire catalogue faster and without friction to find product recommendations targeted to their needs. By layering multiple tags per product, you enable colloquial categorisation of your entire inventory that reflects a customer’s real-life description.</span></p>
<p><img decoding="async" class="aligncenter wp-image-4974" src="https://www.intelistyle.com/wp-content/uploads/2020/01/Similar-e1578332942692.png" alt="Product Recommendations" width="494" height="537" srcset="https://intelistyle.com/wp-content/uploads/2020/01/Similar-e1578332942692.png 491w, https://intelistyle.com/wp-content/uploads/2020/01/Similar-e1578332942692-276x300.png 276w" sizes="(max-width: 494px) 100vw, 494px" /></p>
<p> </p>
<h4><b>2- The Shop Floor</b></h4>
<p><span style="font-weight: 400;">In-store sales and styling teams can use product tags to search through the in-stock inventory with speed and accuracy.</span></p>
<p><span style="font-weight: 400;">This way, your teams spend less time trying to find the right products and more time servicing and delighting the customer. These memorable, personalised experiences drive footfall to your physical store.</span></p>
<h4><b><img loading="lazy" decoding="async" class="aligncenter wp-image-4768" src="https://www.intelistyle.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-30-at-10.11.49-AM.png" alt="Product Tags" width="600" height="301" srcset="https://intelistyle.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-30-at-10.11.49-AM.png 2094w, https://intelistyle.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-30-at-10.11.49-AM-300x151.png 300w, https://intelistyle.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-30-at-10.11.49-AM-768x386.png 768w, https://intelistyle.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-30-at-10.11.49-AM-1024x514.png 1024w" sizes="(max-width: 600px) 100vw, 600px" /></b></h4>
<p> </p>
<h4><b>3- Inventory Management</b></h4>
<p><span style="font-weight: 400;">Group and manage your entire inventory for different customer segments, customer tiers and geographical locations by using regional and segment-specific product tags. These tags are flexible, adaptable and responsive to real-time changes in your customer base.</span></p>
<p><span style="font-weight: 400;">Use micro and macro trend attributes to sort your catalogue. Always stay relevant by addressing the seasonal shifts that affect your customer’s top search words.</span></p>
<h4> </h4>
<p> </p>
<h4><b>4- Personalisation</b></h4>
<p><span style="font-weight: 400;">Use your product tags to identify and understand each customer’s individual taste and style. Then personalise search results, product pages and similarity recommendations through their favourite attributes.</span></p>
<p><span style="font-weight: 400;">Easily create and layer attribute ‘filters’ with your product tags. Use unique &#8216;filters&#8217; to give personalised ‘Complete The Look’ outfit recommendations for every product on your catalogue at a quality that can <a href="https://www.intelistyle.com/ai-beats-fashion-stylists-at-london-fashion-week/">outperform your top human stylists</a>.</span></p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-4973" src="https://www.intelistyle.com/wp-content/uploads/2020/01/How-To-Style-e1578332519755.png" alt="Product Tags: Personalisation" width="601" height="364" srcset="https://intelistyle.com/wp-content/uploads/2020/01/How-To-Style-e1578332519755.png 868w, https://intelistyle.com/wp-content/uploads/2020/01/How-To-Style-e1578332519755-300x181.png 300w, https://intelistyle.com/wp-content/uploads/2020/01/How-To-Style-e1578332519755-768x465.png 768w" sizes="(max-width: 601px) 100vw, 601px" /></p>
<h4><span style="font-weight: 400;">Personalisation can be integrated into multiple customer touchpoints:</span></h4>
<ol>
<li><span style="font-weight: 400;">Online recommendations to increase AOV (Average Order Value) and customer engagement.</span></li>
<li><span style="font-weight: 400;">In-store clienteling solutions to supercharge your store teams. With the right tools, they can make personalised styling recommendations and up-sell while delivering value to your customers.</span></li>
<li><span style="font-weight: 400;">Re-targeting and promotional campaigns that only show personalised, relevant content. Addressing each customer&#8217;s unique preferences will increase the ROI and efficiency of your campaigns.</span></li>
</ol>
<h4><img loading="lazy" decoding="async" class="aligncenter wp-image-4762" src="https://www.intelistyle.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-30-at-10.07.49-AM.png" alt="Product Tags: Email" width="600" height="352" srcset="https://intelistyle.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-30-at-10.07.49-AM.png 1830w, https://intelistyle.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-30-at-10.07.49-AM-300x176.png 300w, https://intelistyle.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-30-at-10.07.49-AM-768x450.png 768w, https://intelistyle.com/wp-content/uploads/2019/09/Screen-Shot-2019-09-30-at-10.07.49-AM-1024x600.png 1024w" sizes="(max-width: 600px) 100vw, 600px" /></h4>
<p> </p>
<h4><b>5- Predictive Analytics: Inform Future Business Decisions</b></h4>
<p><span style="font-weight: 400;">Utilise the power of machine learning to identify and understand past performance per product and per attribute.</span></p>
<p><span style="font-weight: 400;">Understand customer behaviour, style and preferences at individual, customer-segment and regional/geographical layers. Capture and analyse top trends and shifting trends at micro and macro levels.</span></p>
<p><span style="font-weight: 400;">By spotting all these real-time patterns in your data, you can inform future business decisions at design, buying-merchandising and pricing levels with a lowered risk of bias.</span></p>
<p><span style="font-weight: 400;">This means you will significantly lower price deductions, overproduction and product waste. Eventually, this will benefit your company financially and help you create a more sustainable business strategy.</span></p>
<p> </p>
<h3><b>What To Look For When Integrating Automated Product Tags To Your Business</b></h3>
<p> </p>
<ul>
<li>
<h4><b>Multi-Tiered Product Tagging Structure: </b></h4>
</li>
</ul>
<p><span style="font-weight: 400;">Tagging each product through a hierarchical image tagging system enriches your data with hundreds of available tags at each tier. Using higher-level categories, subcategories and multiple attributes allow better control of your entire stock.</span></p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-4971" src="https://www.intelistyle.com/wp-content/uploads/2020/01/Attribute-Groups.png" alt="Product Categories" width="600" height="337" srcset="https://intelistyle.com/wp-content/uploads/2020/01/Attribute-Groups.png 960w, https://intelistyle.com/wp-content/uploads/2020/01/Attribute-Groups-300x169.png 300w, https://intelistyle.com/wp-content/uploads/2020/01/Attribute-Groups-768x432.png 768w" sizes="(max-width: 600px) 100vw, 600px" /></p>
<p> </p>
<ul>
<li>
<h4><b>Mutually Exclusive and Non-Mutually Exclusive Product Fashion Tags:</b></h4>
</li>
</ul>
<p><span style="font-weight: 400;">Mutually Exclusive product fashion tags are single tags that highlight the exclusive attribute of a product. This makes it easier to divide your catalogue into higher-level categories for speed search and sorting. For instance, a product can only have one category tag e.g. Dress and one subcategory tag e.g. Wrap Dress.</span></p>
<p><span style="font-weight: 400;">Non-Mutually Exclusive product tags are multiple tags that can be layered for each product on your catalogue. They will enrich your product data and add information that is not included in your product description. The same Wrap Dress can have multiple attribute tags e.g. Midi Dress, Puff Sleeve, Short Sleeve, Cotton-Poplin Fabric, Asymmetric Hemline, Plunge Neckline, Ruffled, Checked Pattern, Purple, White, Slim Fit, Smart-Casual Occasion.</span></p>
<p> </p>
<ul>
<li style="font-weight: 400;">
<h4><b>Visual Search and Multi-Product Detection:</b><b></b></h4>
</li>
</ul>
<p><b></b>Detect and separately tag all products on your editorial or user-generated full-body photography using visual search.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-4970" src="https://www.intelistyle.com/wp-content/uploads/2020/01/Multi-product-detection-e1578332449914.png" alt="Product Tagging: Visual Search" width="600" height="274" srcset="https://intelistyle.com/wp-content/uploads/2020/01/Multi-product-detection-e1578332449914.png 914w, https://intelistyle.com/wp-content/uploads/2020/01/Multi-product-detection-e1578332449914-300x137.png 300w, https://intelistyle.com/wp-content/uploads/2020/01/Multi-product-detection-e1578332449914-768x351.png 768w" sizes="(max-width: 600px) 100vw, 600px" /></p>
<h4> </h4>
<ul>
<li>
<h4><b>Fashion-specific Data Set:</b></h4>
</li>
</ul>
<p><span style="font-weight: 400;"> Use a fashion-specific data set that is trained to address your individual business as a high-street or luxury retailer. This approach ensures each product on your catalogue is enriched with the most relevant data to your inventory and your business model. However, using a generic list of attributes will not give you this level of precise detail.</span></p>
<p> </p>
<ul>
<li>
<h4><b>Optional Control:</b></h4>
</li>
</ul>
<p><span style="font-weight: 400;"> If you want to have further control over your product tags, look for a product tagging tool. Speed editing enables your merchandising team to approve/edit automated product tags at a fraction of the time, effort and cost of manual product tagging. Cut down your operational costs while still overseeing the final level of approval.</span></p>
<p> </p>
<ul>
<li>
<h4><b>Attribute Groups:</b></h4>
</li>
</ul>
<p><span style="font-weight: 400;"> Work with attribute groups created for tagging fashion products across different segments such as womenswear, menswear, footwear, accessories, jewellery. Attribute groups break down your tags for each product segment in a categorical way. Fabric attributes, pattern attributes, hemline attributes, neckline attributes are just a few examples. This approach makes sure each product is tagged with optimum coverage.</span></p>
<p> </p>
<p><span style="font-weight: 400;">Automating your product tagging process can reform your operational efficiency from the supply chain to value chain and improve your customer journey to deliver an exceptional shopping experience online and in-store.</span></p>

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		<p>The post <a rel="nofollow" href="https://intelistyle.com/how-automated-product-tagging-can-reform-your-fashion-business/">Automated Product Tagging: Reform Your Fashion Business</a> appeared first on <a rel="nofollow" href="https://intelistyle.com">Intelistyle</a>.</p>
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