What does bi retail do?
The decision support solution for retail was developed by experienced retailers who foresaw the possibility of increasing sales and margins by leveraging the power of group store data. Retail data analysis creates new opportunities for sales teams. Real World Analytics (RWA) puts everything important at your fingertips in an easy, visual and practical way. We collect data from your EPoS system. We deliver KPI information directly to your inbox. These are visual reports that allow you to see exactly what is happening in your company in a matter of minutes. This frees your time, allowing you to make better decisions faster.
What is the hierarchy of business needs in retail?
At the bottom of the hierarchy pyramid is basic retail – 80% of the company’s resources are rightly spent here, so it’s hard to find enough time to do all the things on an operational level, this is where profit leaks out of your business. Next comes operational efficiency- Each retail group works hard on some of these areas, but without easy access to KPI reports and exceptions, a lot of money is left unnecessarily. Above it is business development – the most effective retail groups improve business results, using data to implement strategic planning to increase sales and margins. While most groups look at this area, they often only scratch the surface of what’s possible. Higher is the strategic customer focus – there are few companies that strategically focus on customers in a way that combines excellent retail service and customer experience with excellent business results. Long-term repeat transactions guarantee the development and success of your company. And at the top are advanced performance drivers – self realization occurs when everyone has the right information in the format so they can manage their areas. Performing benchmarking of your stores for operational factors, business development and customer focus leads to this goal. Motivation gets built into the way you do things so you can achieve unique, previously unattainable results.