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Continuing our series on the three main categories of discoveries that a solution should provide retailers to help minimize the effort necessary to identify controllable factors that can be translated into action, this edition will break down what is known … Continue reading
Category Archives: Retail Value Chain
Tell me something I don’t know! – PART I: Known Known
As a retailer, you have many choices about which software vendor to choose. For users, one of the biggest demands we see in the market is having the software inform you of something you don’t already know about your business. … Continue reading
Like A Bridge Over Troubled Water
The close of 2012 ended with a compromise on taxes that was just a bridge over the fiscal cliff. The start of 2013 will begin with the next stage of spending cuts which have yet to be decided. Even with … Continue reading
Inventory Management – Which Approach is “Best”?
Now that the 2012 holiday season has come to a close, retailers begin reflecting on how well they managed their inventory. Questions will be asked. Which products did you experience high out of stocks and therefore lost sales opportunities? Which … Continue reading
Trends of Retail – Simple Processes and “Doing More With less”
Today’s retail industry is evolving at a rapid pace, and executives are doing everything they can to keep up. One trend we are frequently seeing is the effort to simplify processes and operations while at the same time investigating ways … Continue reading
Upstream Solutions to Downstream Problems
In any situation, when a problem arises, it’s human nature to look for a solution in the area in which the problem is located. In retail however, that means a store inventory distortion problem should have a solution downstream, within … Continue reading
The Cluster Benchmark – Leveraging Loyalty Data
Retailers have been retaining customers, as well as attracting new shoppers to their stores through the promotion of their loyalty programs. The overarching goal of such efforts is to reward, and therefore encourage loyalty with the retailer. The data collected … Continue reading
Change You Can Count On
In a time when resources are tight and new sales even tighter, something has to give. The forecast for retail growth is flat or slow at best. Even the mode of operation for retail is changing before our eyes. Consider … Continue reading
Understanding Pattern Technology
Until recently, there has been one largely preferred methodology for detecting exceptions in retail: Exception Based Reporting, or “EBR”. But to be perfectly honest, EBR focuses on the exceptions within Exception Based Reporting, or what I will refer to as … Continue reading
The Key to Future Success – 3 Levels of Data Analytics in Retail
Since 2008, the start of the “Great Recession,” retailers have been going through a revolutionary process where they were forced to go back and examine their business from a different perspective in order to survive in the industry. The main … Continue reading