In an economic system, there are a few recognised variables that influence demand and consumption. Practically speaking, you should never ignore the equ[...]
Data classification isn’t a ‘nice-to-have or optional if you want to introduce category management into your business. Without effective data classification, you will struggle as a retailer. Or even a[...]
A poor shopping experience is a big deal. You only need to consider that it leads to negative reviews, customer walk-outs and an increased propensity to purchase elsewhere. So how can you improve the [...]
Every retail organisation generates data in one form or another. That's a given. It could be information collected through your point of sales, through your procurement processes or from your loyalty [...]
The merchandising displays you use in-store can go a long way to helping you achieve your objectives. How? Let's say one of your objectives is to increase your sales. With the right display and the me[...]
In the Internet age, companies have no choice but to consistently work on their online reputation. Statistics show that over 80% of buyers trust online customer recommendations more than they trust ad[...]
Clustering is a function of category management which you can use to facilitate end-to-end solutions. You can also use cluster analysis to group your retail data and understand the similarities betwee[...]
What is the importance of retail sales data and why should you as a supplier have access to it? For one, it enables you to come up with better ways to provide valuable suggestions to retailers. Second[...]
There are no doubts about the fact that any mention of 'data integration' can lead to blank stares and confusion. After all, if not approached correctly or misunderstood, it can quickly become messy a[...]
Considering the pace at which the retail industry evolves, you need to be forward-thinking. That’s especially true if you want to remain competitive and relevant. The simplest way of ensuring that hap[...]
If you work in the retail industry, you will have no doubt heard of syndicated data. Also known as market data, it’s crucial to your success. That’s because of what you can achieve with it. From a ret[...]
