BI for Your Business

Mention Point-of-Sale (POS) data to sales people in the retail sector and you might not receive a very warm response. Analysis of POS information requires hours, sometimes ever days or weeks, to transform into actionable information.

First, the EDI 832 needs to flatten out and drop into a spreadsheet or SQL database. Then, you need to create a few complex macros or queries, only to get to trend information that, at this point, may no longer be relevant.

Today’s cloud-based POS analytic tools and readily available data render this process —”The Spreadsheet Olympics”— obsolete. With a couple mouse clicks, suppliers can view trend analysis, do geographic assessments, determine in-stock position at the store-SKU level, as well as look at other KPI’s.

The value that brings to the selling organization includes:

• Sales increases
• Better margins
• Cost reductions
• Greater forecast accuracy
• Risk mitigation

So, are you ready to make your POS data work for you?

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SPS Commerce Blog Team

The SPS Commerce Blog Team is your resource for insider knowledge, news, research reports and best practices that will boost your business.

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