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Reducing out-of-stock products is a difficult problem.
While everyone knows that they have out-of-stock products,
the causes can be many things along the supply chain.
While the loss of sales erodes the true potential of
any store, the longer term problem is the loss of loyal
customers. Studies indicate that as many as one third
of the lost sales result in a consumer going to another
retailer for multiple trips.
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Analytics offers a complete solution to reducing out
of stocks, increasing sales, retaining customers, and
gaining new ones. We focus on the root cause via a
3-step process of measurement, prioritization, and
recapture.
We use advanced analytics to analyze your point of
sales transactions on a per item, per store, and per
minute basis. This capability allows us to focus your
personnel to do the right thing at the right time,
avoiding increased labor hours and increased inventory.
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