iVend Analytics is a set of pre-packaged, shrink-wrapped Business Intelligence dashboards for the Retail Industry.
iVend Analytics seamlessly integrates into iVend Retail and leverages transactional data of the retail environment to generate context-specific detailed insight which is functional & actionable.
Retail specific intuitive dashboards provide strategic and tactical insights for faster and effective decision-making. iVend Analytics runs on any browser, iPhone/iPad or any Android based tablets.
Deriving meaningful & actionable information from the data was never easier. iVend Analytics allows to use this information and effectively run retail businesses
Increase Sales-Actionable insights
Resolve midseason inventory adjustments. For example, once you know the fast moving and slow moving items, you are never underinvested in fast moving, high-margin areas. Using Retail Analytics, 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 to derive intelligent & timed promotions
Retail analytics 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.
Retail insights drive revenue, protect margins and earn customer loyalty
Analytics help retailers track the variance of customer behaviors, week on week, month on month, year by year among channels, enabling segmentation and hence strategically align their operational functions in accordance.
Provides ability to analyze, act and maximize profits by monitoring performance
Receiving earlier cues to emerging trends, swings in attitudes and the need to make changes in purchase decisions can help in averting a situation of an impending over-stock or a possible stock-out.
Information representation on a high, aggregated level to easily spot overall trends
It helps to impact customer behaviors such as frequency, upsells, cross-sells, and market basketsize using rewards like tiered loyalty programs, exclusives and pre-sales that are relevant to the customer, while enhancing retailer profitability
With Retail Analytics it is easier to provide information through unified views of data preventing conflicting interpretations and decisions
Displaying data in a context, e.g. by benchmarking KPI values against comparable values iVend Analytics provides user specific information in a role-based environment enabling faster decision making and avoiding “Information overload”
Would you like to know how to take better decisions with iVend Analytics?