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Retail

Task

Nowadays retailing is a business with high margin and heavy competition. Problems that retailers face are extremely diverse: growing consolidation of the industry, need to gain large profit of smaller sales premises, stimulation of credit cards use and alternative sales channels, optimal procurement planning, supply management and much more.

Companies realized long ago that it is necessary to use new technologies to survive in the long term. Technologies allowing to understand customer behavior and at the same time reduce operating expenditures increasing sales and profitability.

Such operating and transaction systems as goods turnover management, ERP, POS, RFID, etc. cope with their task very well – organization of huge volumes of “raw” data. These systems can tell companies what happened in their business and what their customers did a week ago, a month ago, a year ago. Often the acquired information is enough to assess the current conditions and take quick decisions.

When it comes to strategic development and struggle for the customer, awareness of the current situation is not already enough. To obtain success, it is necessary to understand the reasons of the current situation and have clear forecast of what will happen in future.

Solution

Advanced analytics provides intelligent means to increase goods turnover processes (planning, range of goods, sizes, price, promotion) and work with customers (marketing automation, market basket analysis, discount programs). Faunus Analytics offers the following services for retail companies:

  • Demand forecasting
  • Inventory optimization
  • Out-of-stock reduction
  • Market basket analysis
  • Promo-actions optimization
  • Product line management
  • Supply Chain Management


If you want to find out more information about each services contact us or leave your request for services.

See also