BI for Retail

Retailing has never been more complex than it is today. Even the most successful retailers operate on razor-thin margins, trying to predict trends and customer tastes that can have an immediate and lasting impact on profits. Furthermore, retailers today must also face the additional complications of cross-channel sales and marketing.

Retailers are challenged with improving incremental margins, relentlessly optimizing product merchandising, juggling pricing and discounting, and working to meet ever-increasing consumer demands. Much of this work is based on years of experience, intuition, and static management reports with incomplete data.

Retail environments typically include data from corporate, regional, and store-based systems across retail, catalog, and internet businesses. Data resides in enterprise software systems, old mainframes, and home-grown systems to manage POS, order management, web store, catalog operations, finance and accounting, inventory, sourcing and supply chain, merchandising, and promotional campaigns. Today’s retailers understand the need to gather critical data at every point in the supply chain; however, these same retailers are struggling to make sense of this data and then to act upon the data. For some of the most intelligent retailers, dozens of reports must be pulled manually and compiled for a snapshot view for decision-making. The process can take weeks in many cases, often leaving minimal time to take immediate action on trends and issues. This inability to access information quickly and easily can affect every level of a retailer’s supply chain.

Oco's Retail Intelligence Solution provides the visibility into your business to understand business trends and performance, make fact-based decisions, and track company progress. Plus, Oco's Solution can be up and running in 6-10 in weeks.

Modules and Sample Reports:

• Sales and Profitability - Assess business revenue across all channels to make critical business decisions, giving you the competitive edge.
  Sample Reports:
  • Multi Channel Performance
  • Geographic Region Performance
  • SG&A Expenses

• Merchandising - Gain the capability to increase margins while eliminating guesswork with historical data and identifying trends in real time.
  Sample Reports:
  • Product Performance Across Stores
  • Direct Performance Merchandise Analysis
  • GMROI

• Stores - Assess individual store performance and stock inventory specific each store’s demands, reducing the need for markdowns.
  Sample Reports:
  • Store Sales (Actual vs. Plan)
  • Store Returns and Markdowns
  • Store Transaction Analysis

• Direct Channel Marketing - Optimize your web and catalog sales by gaining visibility across all channels.
  Sample Reports:
  • Catalog Performance
  • Circulation Analysis
  • Direct Transaction Analysis

• Inventory - Better manage your SKUs by getting a snapshot of your inventory and optimize how you meet customer demand.
  Sample Reports:
  • Product Inventory Analysis
  • Inventory Location
  • Inventory Aging

• Indirect Sourcing Logistics - An often overlooked area in the supply chain, indirect sourcing managed properly can markedly reduce the cost of doing business—identify sourcing, material, and supplier concerns.
  Sample Reports:
  • Sourcing By Item
  • Indirect Material Cost
  • Supplier Performance

• Transportation and Logistics - Gain control of the costs associated with transportation and logistics by evaluating vendors, fuel, and other direct expenses.
  Sample Reports:
  • Transportation Cost
  • Distribution Summary Comparison
  • Carrier Performance Scorecard