how retailers use analytics to stay ahead · 2018. 8. 3. · distortion and boost same-store sales....

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Hundreds of leading retailers across the globe rely on MicroStrategy Analytics to streamline operations, boost employee productivity, and transform the customer shopping experience. Learn more at microstrategy.com/solutions/retail of North American retailers still use static spreadsheets to manage their supply chains Inventory shrink cost retailers $44 billion in 2014 86% of customers would pay more for a better customer experience Only 29% find sales associates knowledgeable and helpful 29% 86% is the global overstock and out-of-stock cost for retailers 2014 Boston Retail Partners Supply Chain Study National Retail Security Survey 2015 IHL Group We Lost Australia! Retail’s $1.1 Trillion Inventory Distortion Problem The Annual Customer Experience Impact (CEI) Report, Forrester Real-Time Data Drives The Future of Retail Study RIS/Gartner 2016 Retail Technology Study SOLUTIONS PROBLEMS MicroStrategy helps managers quickly access real-time sales and inventory information so they can analyze buying trends, evaluate promotional success, and benchmark their store performance against peers. MicroStrategy empowers store associates with instant access to information so they can deliver superior, personalized customer service. Get insight into: Customer buying behavior Pricing and promotions Product information and recommendations MicroStrategy loss prevention solutions give managers exception-based reporting and predictive analytics to monitor, detect, and take action against inventory loss from fraud, employee error, and theft. MicroStrategy gives retailers real-time visibility into their supply chains, so they can make faster, smarter decisions: Reduce transportation costs Boost inventory productivity Streamline processes MicroStrategy merchandising solutions incorporate powerful analytics that help merchants optimize how they stock, place, and price products. Use data to eliminate inventory distortion and boost same-store sales. TASKS 38% SHOPLIFTING 34.5% EMPLOYEE/INTERNAL THEFT 16.5% ADMINISTRATIVE & PAPERWORK ERRORS 6.8% VENDOR FRAUD OR ERROR 6.1% UNKOWN LOSS only 19% of retailers report using up-to-date technology for real-time monitoring of store KPIs Today’s retail environment is more competitive than ever. To stay ahead, retailers need to leverage technology to optimize operations, maximize margins, and deliver exceptional customer service. HOW RETAILERS USE ANALYTICS TO STAY AHEAD

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Page 1: HOW RETAILERS USE ANALYTICS TO STAY AHEAD · 2018. 8. 3. · distortion and boost same-store sales. TASKS 38% SHOPLIFTING 34.5% EMPLOYEE/INTERNAL THEFT 16.5% ADMINISTRATIVE & PAPERWORK

Hundreds of leading retailers across the globe rely on MicroStrategy Analytics to streamline operations, boost employee productivity, and transform the customer shopping experience. Learn more at microstrategy.com/solutions/retail

of North American retailers still use static spreadsheets to manage their supply chains

Inventory shrink cost retailers $44 billion in 2014

86% of customers would pay more for a better customer experience

Only 29% �nd sales associates knowledgeable and helpful29%86%

is the global overstock and out-of-stock cost for retailers

2014 Boston Retail Partners Supply Chain Study

National Retail Security Survey 2015

IHL Group We Lost Australia! Retail’s $1.1 Trillion Inventory Distortion Problem

The Annual Customer Experience Impact (CEI) Report, Forrester Real-Time Data Drives The Future of Retail Study

RIS/Gartner 2016 Retail Technology Study

SOLUTIONSPROBLEMS

MicroStrategy helps managers quickly

access real-time sales and inventory

information so they can analyze buying trends,

evaluate promotional success, and benchmark

their store performance against peers.

MicroStrategy empowers store associates

with instant access to information so they can

deliver superior, personalized customer service.

Get insight into:

• Customer buying behavior

• Pricing and promotions

• Product information and recommendations

MicroStrategy loss prevention solutions

give managers exception-based reporting

and predictive analytics to monitor, detect,

and take action against inventory loss from

fraud, employee error, and theft.

MicroStrategy gives retailers real-time

visibility into their supply chains, so they

can make faster, smarter decisions:

• Reduce transportation costs

• Boost inventory productivity

• Streamline processes

MicroStrategy merchandising solutions

incorporate powerful analytics that help

merchants optimize how they stock, place, and

price products. Use data to eliminate inventory

distortion and boost same-store sales.

TASKS

38%SHOPLIFTING

34.5%EMPLOYEE/INTERNAL THEFT

16.5%ADMINISTRATIVE &

PAPERWORK ERRORS

6.8%VENDOR FRAUD

OR ERROR

6.1%UNKOWN LOSS

only

19% of retailers report using up-to-date technology for real-time monitoring of store KPIs

Today’s retail environment is more competitive than ever. To stay ahead, retailers need to leverage technology

to optimize operations, maximize margins, and deliver exceptional customer service.

HOW RETAILERS USE ANALYTICS TO STAY AHEAD