Retail Analytics
Marketing has traditionally focused on offering the right product, at the right time, at the right price. Now, with the rise of e-commerce and social media channels, the buying decision has accelerated from hours to seconds, requiring retailers to use analytics for real-time merchandising. Topites helps to optimize and manage the supply and consumption chain: for
Forecast demand accurately: Access and combine all relevant data (sales, marketing, seasonality, economics, and more) to generate reliable demand forecasts.
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Manage inventory: access and combine all your inventory data, in stores, distribution points and shipping, and segment inventory by shifts, seasonality and cost, etc. for complete inventory visibility and optimal threshold levels and replenishment plans.
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Optimize distribution network: Forecast the demand of the commercial area, geocoding store and customer locations, calculate distance, drive times and perform analysis to understand the impact of store closings / openings on transportation and facility costs, SLAs, and lead times.
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Improve supplier performance: classify and segment suppliers based on price, on-time delivery, quality, and performance to consolidate spend and streamline supplier base .
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Improve location selection: Forecast sales by location, analyze the impact of existing stores, both your own and those of the competition, on the sales of new stores, determine Market potential by driving time, business area demographics, and population trends to identify the most profitable locations and optimize business area expansion.
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Optimize work schedule: Accurately forecast in-store labor demand based on planned promotions, seasonality, local events, and competitive activity, measure and perform a Track the impact of job changes on performance, inventory turns, and sales volume to adjust and optimize labor hours and costs.
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Manage store performance: Track and monitor standard performance metrics, determine the impact of promotions, renewals, competitive activities, and more. On store performance, compare results with other competitive, owned stores in the local area, and share the results through easily consumable charts.
