Retail is an extremely complex, competitive and diverse industry. Ever-changing products, risks of fraud, high staff turnover, multiple offers and promotions and complex buying patterns: how to keep ahead of the competition, and stay in business?
Effective Business Intelligence (BI) is one of the keys to running a successful retail business. Companies using a BI system have an edge over their competitors thanks to their stronger understanding of consumer behavior as well as the superior organizational control enabled by the knowledge of their KPI’s.
Do you want to stock the right merchandise at the right time and plan highly effective promotions? Do you want to be able to implement effective and data-based strategic plans across the whole of your organization?
LS BI brings extensive reporting and analytical capabilities to LS Retail products.
LS BI helps retailers set benchmarks and goals as well as gather performance metrics which help reduce costs, increase revenue and expand your customer base. Identify key trends and patterns in the day to day running of your business and pin-point the areas of your operations that need improvement.
Are you able to identify your most profitable products and most valuable customers?
LS BI gives you all the key insights you need to devise successful strategies for all of your business areas. You can run sales analysis, including basket analysis and detailed reports of all transactions down to 15 minute intervals for all your stores and POS. Analyze margins, inventory turn and staff productivity. Understand easily your balance sheet and your profits and losses, and make sure you are always on budget and operating at a profit.
Use LS BI’s extensive portfolio of dashboards and reports to gain a consolidated view of your business from channels to stores, categories, inventories and financials. LS BI can help you improve the performance of your departments and teams by giving them the tools to make fact-based decisions in real time. Create new dashboards, analyses or reports in minutes, and make them available throughout your organization.
With LS BI you can accurately handle and improve your stock management. Measure your inventory turnover by supplier, location and product group. Use the information to reduce capital binding in inventory and prevent stock-outs. LS BI also helps you save money through loss prevention modules. Shrinkage can account for 1,3 – 1,5% of total revenue. The solution analyses POS transactions and marks events to be investigated further based on pre-defined triggers.
The LS BI solution includes 10 OLAP cubes that have been specifically optimized for each of the following business areas:
Thanks to the wizard-driven installation, LS BI is quick to deploy: install it and get ready to work in just hours.
Access LS BI from a client, web or a mobile device, and have your key business data under control anytime, anywhere.
LS BI’s graphic interface is simple and clear, providing managers with all the data they need at a glance. It's as easy as it sounds.
LS BI offers a familiar working environment to Targit users, with the benefit of even more reporting and analysis possibilities.