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Retail Sales Optimization with BI Software

A retailer used business intelligence (BI) software to analyze internal sales data with external weather and traffic reports to see how different weather conditions impacted sales at each retail location. The BI software discovered patterns that could predict future sales and help the retailer know which products to stock more of before specific weather events, such as increasing glove inventory before predicted snow storms. This data-driven approach allowed the retailer to make decisions to boost sales, such as offering a wider glove selection or placing gloves in a prominent display when snow was expected.

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MayankSautiyal
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32 views1 page

Retail Sales Optimization with BI Software

A retailer used business intelligence (BI) software to analyze internal sales data with external weather and traffic reports to see how different weather conditions impacted sales at each retail location. The BI software discovered patterns that could predict future sales and help the retailer know which products to stock more of before specific weather events, such as increasing glove inventory before predicted snow storms. This data-driven approach allowed the retailer to make decisions to boost sales, such as offering a wider glove selection or placing gloves in a prominent display when snow was expected.

Uploaded by

MayankSautiyal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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A case study was done describing how a major retailer used BI

software to cross-reference their internal sales data with external


data that included weather and traffic reports. Their intentions
were to see how their retail locations were affected by the weather
in that area and how it impacted sales. The patterns that were
discovered would be able to not only predict their future sales but
allow them to stock up on the products that are popular during
specific weather conditions. For example, if a pattern is noticed at
one of their stores where glove sales go up each time the weather
channel predicts snow, then they know to increase stock when the
next storm approaches. This can also help the retailer make other
data-driven decisions such as whether or not to offer a wider
selection of gloves or to create a display right at the front of the
store, ultimately leading to a boost in sales.

BI SOFTWARE OFFERS A SIMPLE


DASHBOARD ANYONE CAN USE
When you work in an industry where it would be beneficial for all
or some of your employees to have access to important data
information, it used to be

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