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The growth of retail businesses is driven by data. Avercast’s Retail Analysis software helps enhance business management through accurate forecasts and effective analytics. Using quantitative data, it generates qualitative forecasts to better understand your customer expectations over time. Go beyond data-analytics and support executive-level decision-making with accurate forecasting. Plan effective business strategies and make smart decisions based on data from your sales, inventory, and customers forecasts. Schedule a demo with our experts to learn how our Retail Analysis solution can help your business.
Retail Analysis helps you take a look into your current performance and understand how your customers expectations are changing to help you make smarter business decisions. Along with accurate data analysis, Avercast’s Retail Analysis software uses business intelligence insights using data mining and data discovery. It helps businesses understand the customers that shop with them and those who don’t to get a better understanding of their customers’ experience and enhance it over time.
Businesses can enhance their demographics to identify their ideal customer through aspects like - age, preferences, buying patterns, locations, and more. They can leverage their sales analytics to get a better overview of how their customers’ wants are changing over time. Retail insights can help better predict customer behaviours, while sales data can be used to identify trends and make better business decisions.
The software offers actionable insight into customer behavior, like when customers buy more, what they prefer in which season, the demographics, etc.
You can sketch a pattern of how your customers react when the price of the product fluctuates, and accordingly, you can optimize your cost.
Create a baseline depicting your performance, and then start improving using the software. It will help you enhance the efficiency of your business.
With the use of Retail Analysis software, users can find potential business opportunities like untapped customer groups, more inventory during peak season, etc.
With insights across demographics, customer behavior, and purchase trends, users can efficiently work towards retaining customers
Using retail analysis software helps you draw logical conclusions, eventually making practical and rational strategic decisions.
The software empowers users to recap all the demand history. By doing so, retailers can anticipate and prepare for upcoming demands
Prediction is crucial, especially when doing it accurately can help you take an edge over competitors. Using retail analysis software lets you evaluate the formulas used for prediction
Using software enables users to analyze and predict at any hierarchical level and monitor all the adjustments made at any level
Retail Analysis Software aids users in representing information graphically, which helps in understanding the data quickly and enhances work rate
With the help of software, users can anticipate and visualize the worth (net) of every warehouse. It can analyze the inventory it holds against the predicted demand.
The effective use of software enables users to keep track of all the POS. They can manage all their points of sales efficiently within seconds.