Keep Track Of Relevant Information With The Annotation Tool
See all the factors when you analyze what happened.
It is a fact of life for retail managers: budgets involve a lot of backtracking and research. Sometimes, the data you pull up doesn’t make much sense. How do you analyze data that needs more context? The Annotation Tool in ChainDrive’s Retail Budgeting component provides a way to record relevant information from day to day. This means your data has context included as you need it and when you need it.
Add The Context As It Happens
Things happen that affect the supply chain. This could be a fire in a warehouse, an accident with a truckload of products, or a major storm causing damage. These things have an effect on sales and revenue, but if there isn’t any explanatory note the analysis of data shows as an anomaly. No context for the anomaly means your analysis and resulting budget can be off.
The Annotation feature of ChainDrive’s budgeting software lets detailed information on daily events or significant occurrences be recorded in real time. More details in reports result in a better analysis of spending and income. Better analysis leads to more educated business decisions.
Retail Budgeting – Analyze All The Information In Accurate Context
Keeping track of daily occurrences will also help you manage more than your budget. Keep track of your workforce and analyze things that need to change around the workplace. When mistakes keep happening, then you have accurate records to pinpoint the cause. The integration of this tool with ChainDrive’s centralized database means that you won’t have to tab through multiple programs or spreadsheets to find the relevant notes on your data. It’s all right there.
ChainDrive’s Retail Store Budgeting Software includes the Annotation Tool so you can see what has happened when it happened, and WHY it happened as well. Keeping track of relevant information is part of the retail management challenge, and our integrated retail management software equips you for meeting that challenge successfully.
