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iVend Reporting and Analytics

Deep insight into your business
   

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iVend Reporting and Analytics Overview

iVend Reporting and Analytics 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 Enterprise, iVend Reporting and Analytics 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 Reporting tool 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.

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WHITEPAPER: Retail Analytics – The Perfect business enhancement

Tactical and strategic insights

Using iVend Dashboards, the senior management can get short-term insights into fast-moving merchandise to optimise inventory for averting stock outs. Dashboards can also use the iVend retail transaction data to generate long-term insights for charting the course for the Retail Enterprise as an entity.

Comparative analysis of historical & current data

iVend Dashboards can assimilate the historical data of the retail enterprise, and can give comparative charts and graphs to see how the enterprise is performing over time. The management can choose to compare week-to-date, month-to-date, or annual data. This functionality gives the leadership actionable insights for proactive decision-making.

Sales trends and figures

Dashboards can crunch retail transaction data to generate sales trends and actionable insights for leveraging top-performing SKUs. Conversely, the management can also use iVend Dashboards to find out which items are non-performers, and reduce inventory accordingly

Real-time inventory alerts

iVend Dashboards has inbuilt options to notify whenever an item inventory runs low, providing real-time alerts to prevent incidents of stock-outs and inventory distortion.

Drill-down and master filtering for precise analysis

Interactivity feature in iVend Dashboards allows end-users to filter dashboard or analyze data at different levels of detail. The Drill-down feature allows end-users to change the detail level of data displayed in a dashboard item. This feature can ‘drill down’ to display detailed information, or ‘drill up’ to view generalised data. The Master Filter item supports two selection modes.

  • Multiple – Allows user to select multiple elements in the Master Filter item.
  • Single – Allows user to select only one element in the Master Filter item. When this mode is enabled, the default selection will be set to a Master Filter element

Dashboards tailored to individual stores, products and roles

The top-down view of Dashboards allows the management of the retail chain to view top-performing and non-performing stores. This selection can also work for items and promotions to see their efficiency.

Store Analysis

  • 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

Payment Analysis

Store wise & trend analysis by various payment modes

Promotions

  • Promotional Sales Vs. Overall sales Analysis
  • Statistics by Promotion Type

Sales Persons

  • 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 analysis

  • 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

Inventory Snapshot

  • 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 Analysis

  • Attribute & sub attribute analysis for Matrix Child Products
  • Trend Analysis

Loyalty Dashboard

  • Overview
  • Finance
  • Member segmentation
  • Store view
  • Plan performance

Store View

Inventory Snapshot

Sales Bottom Performers

Sales Contribution

Sales Top Performers

Sales Trend

How Does It Work

The video in focus here talks about the importance of Dashboards with specific reference to the Retail Industry with iVend Dashboards 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.

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