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Improving Responsiveness and Business Insight with Retail Analytics

In a period of economic uncertainty, finding ways to save money while addressing customers’ needs is critical to the success of your business. As retailers, you face a number of on-going trends and challenges that must be addressed to optimize responsiveness to your customers. Succesful retail organizations have seen increased growth and profitability by delivering on the following key business imperatives:

  • Timely views of sales activity with access to information from point-of-sale systems to easily track sales performance and customer buying trends
  • Rapid access to operational data to provide buyers and merchandisers a clear picture of to day-to-day business and improve assortment planning and store clustering
  • Analsis of current and historical sales information to understand trends such as seasonal or regional sales and better shape promotions and marketing campaigns
  • Analysis of inventory at stores and distribution centres to drive the design of optimal replenishment plans and reduce out-of-stock situations
  • Analysis of product returns to understand reasons and help minimize loss

Solution Highlights

Highlights of our retail analytics solution include:

  • Consolidated information available via intuitive role-based dashboards
    • Store, Category and Vendor Performance
    • Low margin SKUs and stock-out visibility
    • Optimized product mix
    • Pull-thru SKUs
    • Promotion effectiveness measures and reporting
  • Partnerships with industry leaders like ProfitBase to provide retail specific solutions endorsed by the National Retail Federation’s Association for Retail Technology Standards (ARTS)
  • A full set of templates for a variety of source systems to speed deployment and reduce costs and risks

What can you Expect?

The ability of our solution to deliver the timely business intelligence is recognized as critical for best-in-class Retailers. Empowering decision makers with good information to predict customer buying trends, plan effective promotions, and improve margins and category performance is essential for day-to-day challenges and to execute against imperatives across the organization.

Ideaca has experience delivering these insight to retailers by providing 360 visibility to your business. Our solutions are based on the ProfitBase analytics platform that provides a comprehensive set of ARTS compliant metrics and key performance indicators (KPI’s).

How Can We Help You?

Our experienced team of retail consultants coupled with our solution accelerators and an integrated software offering from Microsoft are all critical components to minimize your risk, optimize your performance and reduce your total cost of ownership.

For more information, please contact Gord Smith at gord.smith@ideaca.com or on the phone at 1-866-816-IDEA (4332) x5157.