Our data analytics solutions are tailored to enhance the efficiency and profitability of your retail business, ensuring you stay ahead in a dynamic market landscape.
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Learnings and insights
Streamline data collection in retail analytics
Retail businesses have data flowing in from multiple sources, most of which are not integrated with each other. This increases the time to combine data, develop reports, & make business decisions.
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Demand Forecasting
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Inventory Optimization
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Customer Segmentation
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Real-time Analytics
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Price Optimization
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Promotion Effectiveness
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Website & E-commerce
Advanced Features
What you can do with retail business intelligence?
Retail Store Staff
Retail Workforce Optimization
Evaluate key performance metrics to identify areas of improvement and implement strategies for workforce optimization.
Data-Driven Training Initiatives
Tailor training programs to address specific needs identified through employee performance metrics.
Real-time Staff Productivity Monitoring
Implement tools for real-time monitoring of staff productivity. Identify bottlenecks and areas of improvement promptly to enhance overall store performance.
Retail Store Owners and Managers
Profitability and Revenue Generation
Analyze sales trends, customer behavior, and market demand in making pricing decisions, optimizing product offerings, and implementing targeted promotions.
Efficient Inventory Management
Analyzing historical sales data helps optimize inventory levels, reducing carrying costs and minimizing stockouts or overstock situations.
Enhanced Customer Loyalty and Retention
Enable the tracking of customer preferences, purchase history, and engagement patterns to increase retention rates.
Suppliers and Distributors
Increased Market Reach and Sales Volume
Identify high-demand products and market trends to allign with suppliers and ensure product availability.
Collaborative Relationships with Retailers
Insights into sales data, inventory levels, and consumer behavior enable collaborative decision-making.
Efficient Supply Chain and Logistics
Optimize the lead time and costs associated the supply chain and foster better relationships with reliable suppliers.
Best Value
Drive growth with the right data analytics in retail
Around 81% of retailers today gather insights about their customers & their shopping habits. However, only 29% of them can use that data.
Increase Revenue by identifying where the profit lies.
Reduce losses by mitigating risks and waste in stocking.
Understand customers through data analysis & feedback.
Optimize product portfolio by identifying top-products.
Expand by targeting high-traffic areas geographically.
Enhance CX with online & in-store feedback and retention.
Transform your data into value and business impact.
Tap into the power of data with Ascend to drive impactful business outcomes. Request your proposal today.
