Retail Business Intelligence
Retail Business Intelligence Module is
designed to improve your business decisions and make key choices
about inventory, marketing effectiveness, assortment planning,
as well as other performance indicators.
Improve total
enterprise performance by utilizing tools combining sales goals
and historical patterns with comparative location and department
results to identify measures and problems utilized on a timely
basis to provide feedback, identify areas of improvement and
take appropriate action.
Key Performance Indicators (KPIs)
Analysis Console in specific areas of responsibility like store
sales, category of merchandise gross margin, vendor performance,
loss prevention, customer traffic, assortment plan and employee
performance provide managers with timely information and enables
them to take corrective action.
Summary
Business
Intelligence solutions are no longer a tool for
top-tiered retailers. Price, feature, and performance
characteristics of Cybex Retail BI Module have
made it possible for middle-tier retailers to make use of
sophisticated analytical tools.
Comprehensive set of reporting and presentation tools to
assist in making actionable decisions about future inventory
levels. Analyze current and historical data about product
movement through the supply chain to impact future order cycles.
Utilize Business Intelligence to influence and even drive
merchandising decisions in the areas of initial merchandise
allocations, replenishment of orders, assortment planning by
store and merchandise classification, promotions and marketing,
store and associate performance measurement and other indicators
that are measured by the information stored in your data
warehouse.
Large volumes of operational data stored in your current
transaction-based database including inflows and outflows of
merchandise, detailed item sales from POS, and detailed store
level inventory transactions, employee and customer-related
information can be converted to a data warehouse and leveraged
to make optimal actionable decisions in your retail enterprise.
Benefits
Operations management.
Provides management with insight into distribution trends,
costs, and performance.
Labor management.
Puts timely information into the hands of employees and
managers,
with powerful reporting tand analysis decision support tools.
Distribution and Resource Planning
Better
resource planning, along with increased productivity, decreases
costs.
Improved resource utilization.
Optimizing merchandise, retail and labor resources taking into
consideration
operating constraints.
Reduced inventory.
Efficient product flow helps cut down on excess inventory.
Value-added services.
Provides user-defined,
value-added service functionality, including the automatic
routing of service merchandise, paperless tracking of activity
and costs, and definition of radio-frequency task queue for
visibility and management.
Style maintenance and
profiling.
Provides the ability to manage slotting
of items to ensure proper allocation and merchandise balancing.
Receiving and Stocking Units, Lot Size and Pre-Packs.
Enhances efficient warehouse package handling and stock
consolidation by merchandise group.
Features
The BI data warehouse
Designed to store and summarize data in an optimized-for-queries and analysis tools
Ad-hoc queries
Query lists and reporting that enable users to build their own reports lists by utilizing easy-to-use data dictionary and design tools
Rich Analysis Capabilities
Segregate, summarize and compare data to identify trends, understand variables, create possible scenarios, and forecast outcomes
Templates
Monitor critical business metrics and track performance across the organization while comparing it to defined goals and prior periods
Action Tools
Close the BI loop by linking correct business decisions based on the BI output directly with key functionality in Merchandising, Sales Audit, CRM and Operations