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GMROI: What Does It Inform the Retailer About and How to Analyze it?
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Business Intelligence Trends in 2023
What are retailers most concerned about in 2023 and which BI technology solutions will be most relevant?
Top Biggest Challenges of Retail in 2023
What are the challenges facing retailers in 2023 and how can they be addressed?
The Art of Sales Analysis: Basic Guide for Retail Chains
Which sales analysis method your business needs and which tools can be used to carry it out - open up in this article.
Economic Order Quantity (EOQ): How to Optimize Chain Purchasing Logistics?
Each chain deals with shortages and product overstock, which leads to significant losses in profits. How to optimize the purchase of products and balance their stocks? How can EOQ help with this? Read more in the article.
Sales Planning: How to Correctly Calculate and Evaluate the Chain KPI?
Sales planning is a crucial step toward achieving chain goals. The accuracy and reality of the plans depend on many factors and the chosen techniques. How to properly organize planning, and in what sequence to carry out the prescribed procedures? Let's figure it out.
Revenue, Income, Profit, and Margin: What are the Differences, and How to Calculate them?
Revenue, Income, Profit, and Margin are the most important indicators for evaluating retail effectiveness. However, they often cause confusion and misunderstanding. What are the differences between them and how to calculate them correctly? Read more in the article.
TOP-6 Data Visualization Charts and When You Should Use Them
Retail analytics is not just a huge array of indicators and metrics, but a whole history of business processes in the chain. To better understand them, a wide range of data visualization techniques and tools should be used. How to choose the most optimal approach from the big available list of them? Read more in the article.
BESt Dashboards: How to Create Customized Visualizations Through a few Clicks?
Dashboards have an important role in retail analytics. They reveal hidden trends, show the all details of the chain business processes, and help to get insights. Read more about them in the article.
Business Calculator: How to Quickly Calculate Retail Metrics?
Today, any retail solution needs a data-driven approach. What should you do if there is no access to analytical platforms or special systems? The Business Calculator will come to the rescue, which will make any arithmetic task simple for every chain worker.