Merchandising Analytics For Grocers
Price On RequestBrand: Manthan
Actionable intelligence is the answer to solving grocery retail quandaries: Why is it that information on customers, merchandising and operations exist, but can't be quickly accessed, analyzed and acted upon?Such intelligence allows grocers to proactively affect change-real change-before the challenges hit. There really are clear pathways to existing information that forecasts and foretells needed actions.There's no waiting or wondering, just real information solving of real grocery problems. Merchandising Analytics for Grocers Merchandise matters. From perishables to greeting cards on aisle six, these products represent pennies in the pocket, or money down the drain. Shifting the direction-taking action at the store level to change direction on a promotion, for example, requires "right now" merchandising analytics.Merchandising Analytics offers performance management at the shelf's edge, meaning that a store-level change about promotions or markdowns or other actions, can occur almost instantaneously. Actionable intelligence creates opportunities and diffuses most challenges.The kinds of analytical capabilities required must extend from supplier to store, from associate to executive and impact every product, every decision, every day and include:Category Management - Providing information that leverages localized assortments, new product introductions and squeezing margins from every inventory dollar investedFresh Food Management - Optimize fresh produce inventory and sales by analyzing unique attributes like weight, date, shelf duration etc. Controlling Out of Stocks - Predicting out of stocks in time to take corrective action, particularly on promotional itemsLoss Prevention - Exception based reporting that identifies and quantifies high probability shrink exposure by product, store, or employeeLabor Analytics - Active analytics that help you match traffic, transactions, and staff levels to enhance customer service and minimize wasted labor expense Promotion Measurement - Assessing promotional ROI, by campaign, by item, and by market basket