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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...
Analytics is one of the most important aspects of retail operations management. Without it, you have no idea how your business is doing or what you can change to improve your operations. One of...
Success in retail is dependent upon a number of factors. One of those factors is your analytics package. You should ensure that you are measuring the right performance indicators and that you are using...
It’s important, in the retail business, to be able to measure your progress to determine if your business is successful, profitable, and growing. But what exactly should you measure? Every retail business is different....
You know the old adage, you can’t change what you don’t measure. It’s true. If you want to impact change within your retail chain, then you need to get in the habit of collecting...
Business intelligence isn’t easy to come by, especially in the retail sector. But if you’re going to stay on top of the information you need to run your business, then you need a way...
Retail Analytics is what makes effective management possible. After all, if your analytics is off, the decisions stemming from that analysis will also miss your target. So which two common mistakes do retailers need...
One of the realities of any business is the need to communicate within the organization. This is true of retail analytics, too. Software that is designed to make both analysis and communication optimal equips a...
This is the time of year when retailers should be deep into analyzing the data from the previous holiday shopping season, but if you lack adequate retail analytics software, there will be problems. Here’s why: the...
Like other tools, Retail Analytics Software has to have specific features in order to be effective. Simply choosing an analytics software tool based on price alone is going to be unsatisfactory because the cheapest software...
