A retailer used business intelligence (BI) software to analyze internal sales data with external weather and traffic reports to see how different weather conditions impacted sales at each retail location. The BI software discovered patterns that could predict future sales and help the retailer know which products to stock more of before specific weather events, such as increasing glove inventory before predicted snow storms. This data-driven approach allowed the retailer to make decisions to boost sales, such as offering a wider glove selection or placing gloves in a prominent display when snow was expected.
A retailer used business intelligence (BI) software to analyze internal sales data with external weather and traffic reports to see how different weather conditions impacted sales at each retail location. The BI software discovered patterns that could predict future sales and help the retailer know which products to stock more of before specific weather events, such as increasing glove inventory before predicted snow storms. This data-driven approach allowed the retailer to make decisions to boost sales, such as offering a wider glove selection or placing gloves in a prominent display when snow was expected.
A retailer used business intelligence (BI) software to analyze internal sales data with external weather and traffic reports to see how different weather conditions impacted sales at each retail location. The BI software discovered patterns that could predict future sales and help the retailer know which products to stock more of before specific weather events, such as increasing glove inventory before predicted snow storms. This data-driven approach allowed the retailer to make decisions to boost sales, such as offering a wider glove selection or placing gloves in a prominent display when snow was expected.
A case study was done describing how a major retailer used BI
software to cross-reference their internal sales data with external
data that included weather and traffic reports. Their intentions were to see how their retail locations were affected by the weather in that area and how it impacted sales. The patterns that were discovered would be able to not only predict their future sales but allow them to stock up on the products that are popular during specific weather conditions. For example, if a pattern is noticed at one of their stores where glove sales go up each time the weather channel predicts snow, then they know to increase stock when the next storm approaches. This can also help the retailer make other data-driven decisions such as whether or not to offer a wider selection of gloves or to create a display right at the front of the store, ultimately leading to a boost in sales.
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DASHBOARD ANYONE CAN USE When you work in an industry where it would be beneficial for all or some of your employees to have access to important data information, it used to be