Retail is one of the fastest paced industries on the planet, which is why it is important to ensure that your business is operating as efficiently as it can be. From operational concerns such as inventory levels, labor scheduling, and promotional execution to loss prevention issues like employee theft and operational shrink, the data being generated is the key to understanding the true health of your stores.
Even though it is vital for good retail performance, data analysis can sometimes be pushed to the back-burner due to the perceived effort and time needed to mine through transactions. Data analytics doesn’t have to be hard, or time consuming though. With the right applications in place retailers can easily analyze their store data to identify anomalies and opportunities for operational improvements.
With 20/20 Retail™, opportunities and potential problems are brought to the forefront, saving time on analysis and allowing users to focus on improving your chain’s bottom line.