4 Things Retail Analysts Need To Get To The Next Level
Software tools you can use effectively.
Unless you have the tools to collect, integrate, analyze, and present your key business information, retail analytics is ineffective and your business is going to stay where it is. The ChainDrive Retail Analytics component of the integrated retail management solution software has been designed with these four things in mind.
Collection
The information that needs to be accessible is collected as it happens when the software you are using can do so automatically. Inventory updates, individual commissions, customer preferences, and more are collected by the various components of ChainDrive’s integrated retail management software suite and stored in a centralized database for authorized use. It is secure and available whenever it is needed.
Retail Analytics software – Integration
Looking at one small part of an operation in detail gives insight, but looking at the way all the details fit together in perspective of the whole gives greater insight and presents options you can’t see when focused on one thing. Because ChainDrive is truly integrated, any detail can be zoomed in on for close examination and the overall picture can also be seen. The ability to quantitatively and periodically measure, assess, and control regardless of the level of detail is a powerful argument for integrating your data.
Analysis
Effective analysis needs the data that is pertinent to the problem, whether it is evaluating the progress of past decisions or brainstorming the potential changes that could increase profit. So the centralized database provides real-time access to that data and the filtering tools that isolate exactly what is necessary. Effective analysis also needs tools that are user-defined so data can be viewed in multiple ways.
Presentation
Multiple ways of viewing key information make it simple to present data and analysis in a manner that works for communication. Dashboards, pivots, drillable lists, graphs, and more can be presented on screen or in a printed format. ChainDrive’s advanced report writer lets you create custom reports with data, format, color, etc. so that everybody on the team has the information in a way that works for them.
ChainDrive Retail Analytics software is part of a complete professional suite that has been designed with input from multiple experienced retailers. Because we built it, we know how to adapt it to a particular retailer’s situation. Ask for a free online demo and see how collecting, integrating, analyzing, and presenting your data with ChainDrive can help you take your retail business to the next level.
