5 Steps to Becoming a Data-Driven Retail Organization
How can you use retail analytics to make data-driven decisions?
Retail businesses live and die with numbers. The success or failure of any business in the crowded and complex retail marketplace comes down to whether every location can meet its goals, control inventory levels effectively, and maintain the traffic that generates sales.
Being a data-driven retail business means measuring everything there is to measure in the organization and scouring the information to determine what’s working and what could stand some adjustment. It may seem as though you’re drinking from a fire hose at the start, but there are tools you can put between the hose and yourself to make that massive flow of information make sense. Data-driven businesses have those tools and the right mindset to use them.
Curious to know how your retail organization can become data-driven? Download the free ebook!
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This ebook covers:
Determining what you want to measure
Rolling out BI beyond your locations and the supply chain
Gathering your data sources - from the ERP and beyond
Aer Rianta's approach to inventory planning