Infographic slices
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- 1. Relational Solutions POSmart Turning Data into Actionable Information Janet Dorenkott janetd@relationalsolutions.com 440-899-3296 x225
- 2. Are you Leveraging your POS Data?
- 3. ? Most time spent gathering disparate data •Ga t h e r i n g •Cl e a n i n g • I n t e g r a t i n g •J u s t i f y i n g Inconsistent reports lead to questionable decisions ? ? ? ? ? Submit Reports ? AC Nielsen/IRI/Spectra/ TD Links/RSI/Mkt 6, etc. Costco/Sam’s/ Kroger/Publix Wal-Mart, Shiloh Retail Link, EDI/AS2 Home Depot Shipments Other POS data EDI/FF/txt/Access, etc Publix/Meijer CVS Target/Giant Eagle
- 4. Consistenc y • Easy Access to Information • Improved Productivity Productive Meetings Streamline Data Gathering POSmart Synchronize, Integrate & Validate POS Wal-Mart/Shiloh EDI /AS2/Retail Link Kroger/Publix EDI, AS2 Target/POL/IR Promo/Forecasts Nielsen/Spectra/RSI Shipping Sam’s/Costco Walgreens IRI/Mkt6/NPD CVS/RiteAid Home Depot, Lowes
- 5. Information Time R I S K Earliest Point when an Accurate Decision can be made 10 Days Amount of Information Needed to make an accurate decision
- 6. Information Increased Employee Productivity Time LOW RISK Additional Information Available when integrated Amount of information currently available to make a decision 1 Day Earliest Point when an Accurate Decision can be made is now 1 day
Notes de l'éditeur
- In the consumer goods industry, you get data from so many different sources. Each source produces it’s own reports. Analysts spend an average of 70% of their time gathering and pulling together data. When there are discrepancies in the data, Analysts spend more time trying to figure out where the numbers came from. This is a very tedious task that keeps analysts from actually “Analyzing the data.”
- Data from different sources often leads to a lack of consistency in reports. Peoples numbers don’t match and there is a lack of confidence in the data. Analysts spend countless hours trying to manage data discrepancies.
- Understand the value of time to your company. The longer it takes for people to get answers to questions, the greater the risk involved in losing a client, making the wrong decision, providing the wrong information, compensating the wrong sales rep, negotiating the wrong discount from a vendor, etc. all cost the company money. If decision makers have to make decisions at an earlier point than when they receive all the accurate information, they are making hunch based decisions and increasing their chances of making a poor decision. There is risk involved.
- Providing information to users faster will not only improve the accuracy of their decision, but will increase employee productivity. Time once spent gathering information will now be spent providing MORE information to decision makers. Analysts can actually analyze information rather than spend time gathering it. There will be more information available than ever before and users will have the ability to discover trends and information never before available to them.