Industry Solutions

Retail

Panorama NovaView for retail delivers the complete range of BI capabilities: reporting, analysis, scorecarding, dashboards, business event management as well as data integration ― and turns data about customers, merchandise and operations into knowledge. And that knowledge provides greater insight into performance, empowering retailers to make more informed decisions, gain a competitive advantage, strengthen customer and vendor loyalty, and improve profitability.

Retail Supply Chain

Inventory is the largest financial asset in retailing. As any retailer knows, the matter of offering the right goods in the right store at the right time and at the right price sounds simple, but can be highly complex. And when in-demand items are out of stock the result is lost customers and lost revenue.

Customer Profitability

Merchants can no longer base critical merchandising decisions on intuition or historical reports and expect the desired results. Instead, retailers need a way to maximize the profitability of the merchandising process while exceeding customer expectations ― a system that provides more valuable information about demand, customer behavior, category performance and more. Most of all, this information needs to be available from one source, so it can be accessed and used quickly to make more profitable merchandising decisions.

Operational Performance

In order to compete and prosper, retailers today face a mandate to operate at an optimal level of performance to meet financial and organizational expectations. This mandate is transforming the way retail organizations do business.

Promotional Perfomance

The secret to consistently beating both profitability goals and competitors may sound simple — just understand your customers better and faster than anyone else, and then target them more effectively than anyone else. But with the scope and scale of marketing in the retail industry, delivering meaningful, personal service to customers is a difficult task.