Retail - Spotrics

Retail.

Solutions for Retail Analytics

According to HBR, retailers can lose nearly half of intended purchases when customers encounter stockouts. Learn how granular insights of merchandising data will help you prevent stockouts and improve margins and markdowns.

Why you need Spotrics for Retail

Managing and adapting to digital commerce is hard. We're here to help.
Get a clear understanding of which SKUs are doing well at which stores and with what buyers. This way you can meet consumer expectations through any shopping channel and provide your team with the right information to make better business decisions.

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Get insights about specific SKUs in natural language without needing a data expert.

Save time

Get insights across large volumes of data over multiple data sources in seconds.

Dig Deeper

Use AI to get answers on questions about products, margins and stockouts you didn't even think to ask.

Manage digital commerce

Manage and adapt to digital commerce by understanding which SKUs are doing well, and with what online buyers.

Meet consumer expectations

Meet consumer expectations - whether they are shopping through online or offline channels.

Make better decisions

Secure timely information in a usable format to make better business decisions based on your company data.

What if your merchants were their own data analysts?

Do you know how much margin you are giving away via stockouts? What kind of controls do you have around markdown processes today? Are you auditing that?

According to a HBR study, 72% of stockouts are due to faulty in-store ordering – generating inaccurate demand forecasts and mismanagement of inventory. Retailers can lose nearly half of intended purchases due to this challenge in a retail environment.

Spotrics helps you get granular insights from merchandising data so you can improve your stockouts, margins and markdowns.

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Who can benefit?

As a Regional Store Manager, Retail Marketer, or Supply Chain Managers you can significantly improve the quality of your work through granular insights that bring true value to your business. Here are some of the challenges we help you overcome:

Store Operations / Merchandising

Get comparable and deep insights on key metrics like basket size, staff turnover, expense management and gross margin returns on inventory. Discover which SKUs are doing well at which stores and make decisions based on actionable data insights.

Retail Marketing / Ecommerce

Reveal the impact of your marketing efforts on key metrics like campaign performance, sales conversions and customer churn. Include profitable combinations of products that sell together to specific customer profiles and meet their expectations when shopping.

Supply Chain

Enable your retail operations team to track and fulfill orders from order inception to order fulfillment, and from return to restock. Keep maximum control over key metrics such as stock levels, on-time delivery, forecast accuracy and much, much more.

Can we help?

Recognize yourself in the objectives and desires above? Then maybe we should have a conversation about it, as we can show you the way to achieve your goals and overcome your challenges.