/ Retail /
Operational improvements present significant challenges
in the highly-dynamic retail environment.
A retailer may seek to optimize warehouse inventory, distribution center flow, store locations,
pricing, product offerings, or improve forecasting and buying functions.
In Analytics’ experience, improving these operational functions requires being prepared to address and manage the following realities:
- Tightly-coupled operations: Changes to one function often have dramatic impacts across many other functions. These interactions require a holistic solution approach.
- Seasonality: Variability complicates solution planning and impact assessment. Performance must be measured against carefully-defined metrics and models that capture these dynamics.
- Huge data sets: Significant numbers of transactions present challenges for efficient quantitative analysis. Data mining techniques are required to identify useful patterns in a real time manner.
After
analyzing over 150 million lines of transactional data, Analytics
identified a $30 million dollar supply chain opportunity for a major
department store. 