Prescriptive Analytics In Retail Operations
April 15, 2019 | by StoreAdvise
A few weeks ago, we discussed the power of prescriptive analytics and how to best leverage data in the brick-and-mortar shopping experience. Today, we take a look at some of the specific ways data and prescriptive analytics can impact—and ultimately improve—store operations.
Smart Insights for Task Management
So many aspects of store operations come down to the efficiency of task management. From online orders and shipping to in-store markdowns, there are many opportunities for retailers to automate processes, and data can help. By making sense of data points you already have, StoreAdvise delivers in-depth reports that help you make smarter, data-driven decisions for task management. Optimize schedules, automate inventory and more, allowing your team to spend more of their time with customers.
Connecting the Dots with Actionable Recommendations
Whether you’re gaining all new metrics, or adding to a robust set of existing ones, chances are you’ve got a lot of data on your hands. Though some points may be connected—like sales and inventory—others are in separate silos, relying on manual analysis for interpretation, or worse, going unused altogether. To make the most of data, you have to weave it together into a tapestry that helps you understand where you are now, so you can best plan for where you want to be.
Combining these disparate data points and smart insights, StoreAdvise sets retailers up for success with recommendations that not only improve operations, but also deliver ongoing metrics by which retailers can continually make adjustments that impact revenue.
There are so many opportunities to affect positive change in retail with technology. StoreAdvise is here to help. Get in touch to schedule your free demo of workshop. Email us at email@example.com or give us a call at (469)-304-9033.