Aside from bespoke analytics solutions for Retail, using it’s extensive knowledge of the retail industry, Agile has built a retail analytics accelerator solution which takes your retail reporting to near best practice with the thinking and work around the following areas being already completed.
Sales, Inventory & Customer Service: With these real-time dashboards, the entire sales organization is equipped with shareable, actionable insights that help illuminate what’s working and what isn’t, where the opportunities are, and what needs to be prioritized to scale the team’s success.
Basket Analysis: Market basket analysis is a technique used by retailers to increase sales by better understanding of customer purchasing patterns. It involves analyzing large data sets, such as purchase history, to reveal product groupings, as well as products that are likely to be purchased together.
Identify Trends: Slice & dice the sales reports by day, by month, by period, by hour, by product, by category, by location, but most importantly, by suppliers, so you can predict what is going to happen next year and therefore plan your staff rosters and product ordering in advance. Demand Forecasting: The cost of inventory is ongoing carrying costs. This includes warehouse facility costs, labor costs associated with managing inventory, and recurring costs related to taxes and insurance. A well-structured inventory report can help you optimize your inventory to reduce the associated costs.
Product Performance: Dive into accurate key performance information about specific categories, subcategories and products. Supplier Analysis: Gain insight around supplier product performance, such as top suppliers, top and bottom performing products by supplier and supplier importance based on sales revenue. PVM Variance Analysis: Understand key factors that have affected business performance, and drill through to category, subcategory and product level analysis to understand where there is opportunity to improve profitability, and overall business performance