In the not-too-distant past, a retailer simply had store-level sales data, from which virtually all planning decisions were made. Today, retailers—from grocery to fashion—are bombarded with data that, with the right tools, can help them gain actionable insight into shoppers’ behavior across channels. In this white paper Oracle Retail explains how retailers can accurately measure consumer interest in specific merchandise and apply that knowledge from one channel to the next, thoroughly understand the implications of promotions on specific customers and customer segments, price on product performance, plan channel-specific assortments accordingly, and coordinate the supply chain processes to ensure execution of the cross channel plan.
Big Data holds the promise of a virtually unlimited ability to gain insight – and foresight – to sharpen strategies and improve tactical execution but only if it can be harnessed and managed. Through this whitepaper, you can learn how.
Published By: HP & Intel
Published Date: Sep 18, 2012
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