Question

A major retailer wants to enhance their customer experience and reduce losses coming from their supply chain by eliminating ‘left-over’ and ‘out-of-stock' scenarios. Which type of Artificial Intelligence (AI) solution would be suitable for solving this problem?

1) predict the demand for a certain product by analyzing existing data
2) adjust prices and promotions to boost sales
3) introducing chatbots to help clients navigate a new season’s collections
4) drive recommendations by analyzing the historical data
5) I don't know this yet.

Answer 1

Answer:

3) introducing chatbots to help clients navigate a new seasons collections

Answer 2

The answer to the given question will be '2) adjust prices and promotions to boost sales'.

• The retailer wants to enhance the customer's experience.
• He/she also wants to reduce losses, with regard to their supply chain by eliminating 'left-over' and 'out-of-stock' scenarios.
• He/she has to use an A.I. feature which is also known as Artificial Intelligence feature to do so.
• Thus, the correct option will be '2) adjust prices and promotions to boost sales'.