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What Is Economic Order Quantity (EOQ), and How Does It Relate to Retail?
The main goal of EOQ is to minimize costs associated with logistics and storage while ensuring a steady supply of products.
How to Attract Customers in Retail: The Role of Loyalty Programs, Sales Analysis, and RFM Analysis
A loyalty program for retail is a system of incentives designed for regular (and, to some extent, new) customers, allowing them to receive bonuses, discounts, or gifts for consistent interaction with your store or business.
Understanding ITOR: A Comprehensive Guide to Retail Success
ITOR, or Inventory Turnover Ratio, is a critical metric in retail that shows how a store chain, business, or company manages its Inventory.
Utilizing Prescriptive Analytics in Retail: Enhancing Efficiency with Data
In modern business, prescriptive analytics is a critical component that enables companies to make strategic decisions based on data.
Top Data Visualizations for Retail: Key Metrics for Success
In retail, data is everywhere, but without effective and precise tools, even the best information can be challenging to use for business analysis.
Key KPI for Retail Stores: Essential Metrics to Track Success
Retail is all about competition, so monitoring business performance, optimizing operations, understanding customer behavior, and boosting sales are crucial.
Як програми лояльності впливають на прибуток роздрібних мереж: вебінар для ритейлерів
Статистика показує, що програми лояльності можуть підвищити прибуток на 5-10%, але тільки за умови, що вони належним чином проаналізовані та адаптовані до потреб клієнтів.
RFM Analysis: An Effective Method for Retail Customer Segmentation
Modern retail companies increasingly use analytical tools to increase business efficiency. One of the most effective methods is RFM analysis.
Store Accounting: Key Performance Indicators in Retail
Implementing regular accounting and using business analytics allow the optimization of processes, enhancing the competitiveness and value of the chain.
