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The Digital Business Kit for Retailers

Learning Outcomes

Retailers will identify the type of Business Intelligence that can be accessed to inform their business plan. [printfriendly]

mod-arrow Supply Chain System

chainAs a retailer it is important that you have a good understanding the efficiency of how your supply chain. Increasingly operations try to be lean, and have inventory on demand versus stockpiling costly inventory for long periods of time.

Business intelligence is a key component for understanding your rates of sale. Sales trends can help you calculate when you need to order more inventory on the other side of your supply-chain management.

It is important to understand where your supplies are coming from and just how long it will take to get to you. Tracking this can help ensure that you are ordering just enough in time to supply your customers. This in turn will help your cash flow.