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7 Steps to Increase Profits and Loyalty with BI

7 Steps to Increase Profits and Loyalty with Advanced Business Intelligence

RPE Solutions
April 2012
rpesolutions.com

7 Steps to Increase Profits and Loyalty with Advanced Business Intelligence

An investment in advanced Business Intelligence is an investment in future growth and profits for today’s retail organizations. In an increasingly challenging selling environment, merchants are charged with collecting and organizing a growing mountain of data points in order to formulate the most effective retail strategies. Outdated analytical tools that dump chunks of static data into a composite spreadsheet are inadequate for predicting shopping and buying behavior. The most successful retail companies will implement advanced BI solutions that can predict and respond to demand before it occurs.

By following this 7-step guide, retail companies will learn how to leverage the massive amount of data already being collected; accelerate and extend business intelligence from the C-office to the stock room; and find the best ways to deliver products how, when and where today’s increasingly knowledgeable customers want them.

1.   Re-evaluate current BI processes
2.   Commit to a transformational change
3.   Empower the retail organization with information intelligence
4.   Implement a centralized BI solution
5.   Extend the intelligence throughout the organization
6.   Focus on simple and effective user interfaces
7.   Choose the right BI vendor

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