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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
Tag Archives: Actionable
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
The Fine Line Between BI and BS – Part 3: Actionable Intelligence
The first and second editions of this blog mini-series discussed common concerns about today’s business intelligence solutions for retailers. In this final edition, we will focus on the area of the profit amplification solution where the most value is derived … Continue reading
Big Data, Predictive Analytics and the Bottom Line (Part 2)
Information and technology are always evolving. Every Chief Information Officer of any organization typically evolves and adapts to changes in their industry. One method that experts say a CIO should utilize in order to evolve is thinking like an entrepreneur … Continue reading
Save Time, Money, and Resources – Prevent the Accident Before it Occurs
The economic downturn impacted your company and your department. You’ve probably lost staff and budgets have been trimmed. However, you’re still expected to deliver results at equal or better than previous.
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
Retail Margin Expansion and Selling, General and Administrative (SG&A) Expenses
Retailers are continuously looking for ways to increase their growth and expand margins. The best type of growth is through existing stores, often referred to as “same store” or “comp” sales. As opposed to expansion from the construction of new … Continue reading
Increase Assortment and Raise Revenue – Part 2: Product Substitution
In the previous blog, “Increase Assortment and Raise Revenue – Part 1: New Product on Board”, we discussed the trend of retailers looking to boost sales by increasing assortment, either by adding new products or related services. To ensure the … Continue reading
Increase Assortment and Raise Revenue – Part 1: New Product on Board
Retailers are always looking to bring in more earnings, either through their existing revenue streams, or by introducing new products and/or services. Today more than ever, the retail industry seems to be focusing more towards the latter: in order to … Continue reading