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Datawiz BI: Business Intelligence and Analytics Software
What is Business Intelligence in Retail? And What are the Benefits of Using it
How to Calculate ITOR? Business Intelligence (BI) in Retail Management
A key metric that helps optimize inventory is ITOR (Inventory Turnover Ratio)
What is a Loyalty Program in Retail?
What is a Loyalty Program in Retail? Types, Rules and Examples of Effective Use of Loyalty Programs in a Store
How to Do Accounting in a Store: Step by Step
How to Properly Account for Goods in the Store: a Guide from Datawiz.io. Automating Merchandise Accounting in a Store.
What Is Economic Order Quantity (EOQ), and How Does It Relate to Retail?
The main goal of EOQ is to minimize costs associated with logistics and storage while ensuring a steady supply of products.
How to Attract Customers in Retail: The Role of Loyalty Programs, Sales Analysis, and RFM Analysis
A loyalty program for retail is a system of incentives designed for regular (and, to some extent, new) customers, allowing them to receive bonuses, discounts, or gifts for consistent interaction with your store or business.
Understanding ITOR: A Comprehensive Guide to Retail Success
ITOR, or Inventory Turnover Ratio, is a critical metric in retail that shows how a store chain, business, or company manages its Inventory.
Utilizing Prescriptive Analytics in Retail: Enhancing Efficiency with Data
In modern business, prescriptive analytics is a critical component that enables companies to make strategic decisions based on data.
Top Data Visualizations for Retail: Key Metrics for Success
In retail, data is everywhere, but without effective and precise tools, even the best information can be challenging to use for business analysis.
