Accurate decision-making on all aspects of the sales experience is vital to a successful merchandising strategy. 3i Infotech’s Merchandise Analytics BI helps retailers maximize the profitability of the merchandising process and exceed customer expectations by presenting key information across:
- Sales Track store KPIs such as target achieved, margin, percentage growth, etc.
- Inventory Streamline retail distribution, monitor stock movement, track stock ageing and non-moving stocks, and identify negative margin items and stock holding trends
- Suppliers Compare suppliers, rank vendors, track supplier service metrics such as fill-rate, on-time delivery, and KPIs (e.g., sales, margin, stock, and rebates)
- Promotions Track promotion effectiveness with lift percentage, target achievement, and ROI, monitor stock availability, and understand buying needs and patterns
- Markdowns Analyze overall markdown impact on margin and optimize markdowns by analyzing sell-through trends
- Improve merchandise plan and make better assortment and allocation decisions
- Optimize merchandise mix based on margin and sales value
- Formulate specific sales strategies and identify potential cross-sell and up-sell opportunities
- Minimize inventory carrying costs, stock-outs, and markdowns
- Maximize returns from end-of-season sales and end-of-life merchandise