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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: Actions
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
The Fine Line Between BI and BS – Part 2: Intelligent Business Intelligence
In our previous blog, Editor In Chief at Integrated Solutions For Retailers, Matt Pillar discusses The Fine Line Between BI and BS. We will delve deeper into the discussion, and take a look at what you believe is the “best … 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
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
Butchering Profits
Within any grocer, the meat department tends to have high margins, while at the same time experiencing high losses relative to other departments. This is due to the nature of the product, being highly sensitive and perishable, therefore spoilage and … Continue reading