iVend AnalyticsActionable data for Proactive Decision Making
OverviewiVend Dashboards comes as an, integrated part of iVend Enterprise Retail Management Suite. It is a set of pre-packaged Business Intelligence tools for the management of the Retail Enterprise. Seamlessly integrated into iVend Retail, iVend Dashboards leverages transactional data of the overall retail environment to generate context-specific detailed insight, which is functional and actionable.
Retail-specific, intuitive Dashboards provide strategic and tactical insights for faster and effective decision-making. For insight on the move, iVend Dashboards can be opened on compatible iOS and select models of Android devices, as they make use of proprietary iVend APIs .
Succinctly put, deriving meaningful and actionable information from accrued retail data was never easier. Download Brochure
Increase Sales-Actionable insights
Resolve midseason inventory adjustments. For example, once a retailer knows which items are fast-moving or slow-moving, the retail store will never be underinvested in fast moving, high-margin areas. Using Retail Dashboards, the retailer can see real-time stock-out information and very quickly find out which items are missing, then redo order management or pricing.
Draw insights into customer buying patterns
iVend Dashboards help retailers chalk out relevant, personalized and targeted offers via the customer’s channel of choice, increasing customer satisfaction and incremental revenue while eliminating promotional waste.
Driving revenue, protecting margins and earning customer loyalty
Dashboards help retailers track the variance of customer behaviours, week on week, month on month, year by year among channels, enabling segmentation. Hence, then they can strategically align their operational functions in accordance.
Provides ability to analyse, act and maximize profits
Receiving early cues for emerging trends, changes in attitudes and the need to make changes in purchase decisions can help in averting situations of over-stock or possible stock-outs.
Information representation on a high, aggregated level
iVend Dashboards helps to influence customer behaviour such as frequency, upsells, cross-sells, and market basket-size using rewards like tiered loyalty programs, exclusives and pre-sales that are relevant to the customer, while enhancing retailer profitability. With iVend Dashboards, it is easier to provide information through unified views of data preventing conflicting interpretations and decisions.
Displaying data in context, e.g. by benchmarking KPI values against comparable values, iVend Dashboards provides user-specific information in a role-based environment, enabling faster decision making and avoiding information overload and clutter.
- Net Sales Vs Transactions
- Transactions on POS
- Store wise Net Sales analysis
- Average sales transactions/store
- Month on Month Analysis
- Top performers & bottom performers
Customer level analysis
- Company & Individual Contribution
- Sales trend of each time
- Calculation of basket size from generated revenue
- Customer Type Vs. Net Sales Trends
- Transactions Vs. Salesman
Store wise & trend analysis by various payment modes
- Promotional Sales Vs. Overall sales Analysis
- Statistics by Promotion Type
- Top Performers
- Trend Analysis
- Individual Contribution
Side by Side Analysis
- Product Group /product-comparison by adhoc groups
- What sells more with what
- Strategic Insight to determine promotions and combos
- Product wise contribution in total sales
- Product store wise net sales
- ABC analysis by products
- Upsells & gift certificates
- Special categorization for lost Sales
- Newly Introduced & Non Moving Product Indicators
- In Stock & available Stock
- Actual Stock display, keeping aside the committed stock
- Reorder Alert basis average weekly, net quantity vs. available quantity
- Shrinkage details based on actual stock take to ascertain pilferage
Comparative Sales Analysis
Net sales Growth Comparison for Store, Product group, product Drill-down
- Attribute & sub attribute analysis for Matrix Child Products
- Trend Analysis
- Member segmentation
- Store view
- Plan performance
How Does It Work
The video in focus here talks about the importance of Analytics with specific reference to the Retail Industry with iVend Analytics as the application of choice. It also demonstrates the application for the different stakeholders in a retail organization.
It has been acknowledged in various studies that all channels across Retail verticals gain from a BI solution and given that e-commerce and mobility are relatively new channels of sale – they tend to gain more. We show the application in detail with its inclusive set of pre-packaged, shrink wrapped Business Intelligence dashboards specifically for retailers.