Why Machine Learning is the Key to Driving Same-Store Sales
For years, retailers have been using analytics and traditional reporting to try to uncover and correct floor execution issues in stores. If you’ve tried using reporting to tackle issues on a store and SKU level, you probably hit some roadblocks on the way. The biggest challenge is typically accuracy. The reports have to generate alerts […]
Top Performers Reports: A Retail Blind Spot
Many retailers use a “top performing SKUs” report to some extent. The purpose of these reports is to help store managers figure out if they have an operational or supply chain issue for specific SKUs by comparing how these items perform in their stores compared to other stores. This approach might be as straightforward as […]
The Limitations of Traditional Retail Business Analytics
Retailers use reporting and business analytics are for a variety of purposes. These reports can help senior executives understand the overall performance of a store, region, or category. They can help pinpoint SKUs that are underperforming in stores. However, retailers often struggle to identify real problems at a SKU and store level and provide stores […]
