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 Store Business Intelligence |
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"Over the past 4 years, we have realized a reduction in our SRAs as a percentage of sales of 150 basis points. The big number though is shrink and we've seen a reduction of about 40-50%."
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Today, the reach and effectiveness of traditional loss prevention methods can be further extended and maximized by implementing store business intelligence solutions.
Store Intelligence gathers information from all of the key data producing systems within the store including point of sale, electronic article surveillance, traffic counters, vendor direct store delivery activity, in store inventory transaction data, to name a few. The data is stored in a powerful data mart which is organized into tables and summarized into logical groups. Statistical totals are stored alongside of the data to make retrieval of meaningful statistics fast and effective.
Store business intelligence gives retailers the means to…
- Measure store business performance objectives
- Manage store operations and, ultimately.
- Improve profitability and performance.
How do store business intelligence solutions maximize and extend traditional loss prevention methods?
Click here to learn more.
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