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iVend Retail Dashboards comes as an integrated part of the iVend Retail for SAP Business One Retail Management Suite. It is a set of pre-packaged business intelligence tools for the management of the retail enterprise. Seamlessly integrated into iVend Retail, Retail Dashboards leverages transactional data of the overall retail environment to generate context-specific detailed insight, which is functional and actionable.
Retail-specific, intuitive Dashboards provide strategic and tactical insights for faster and effective decision-making. For insight on the move, Retail Dashboards can be opened on compatible iOS and select models of Android devices, as they make use of proprietary iVend APIs.
Succinctly put, deriving meaningful and actionable information from accrued retail data was never easier.
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Consider how you resolve midseason inventory adjustments. For example, once a retailer knows which items are fast-moving or slow-moving, the retail store will never be underinvested in fast moving, high-margin areas. Using Retail Dashboards, the retailer can see real-time stock-out information and very quickly find out which items are missing, then redo order management or pricing.
iVend Dashboards help retailers sketch out relevant, personalised and targeted offers via the customer’s channel of choice, increasing customer satisfaction and incremental revenue while eliminating promotional waste.
Dashboards help retailers track the variance of customer behaviours, week on week, month on month, year by year among channels, enabling segmentation. Hence, then they can strategically align their operational functions in accordance.
Receiving early cues for emerging trends, changes in attitudes and the need to make changes in purchase decisions can help in averting situations of over-stock or possible stock-outs.
iVend Dashboards helps to influence customer behaviour such as frequency, upsells, cross-sells, and market basket-size by using rewards-like tiered loyalty programs, exclusives and pre-sales that are relevant to the customer, while enhancing retailer profitability. With Dashboards, it is easier to provide information through unified views of data preventing conflicting interpretations and decisions.
Displaying data in context, e.g. by benchmarking KPI values against comparable values, Dashboards provides user-specific information in a role-based environment, enabling faster decision making and avoiding information overload and clutter.
Store wise & trend analysis by various payment modes
This video talks about the importance of Dashboards with specific reference to the retail industry with iVend Dashboards as the application of choice. It also demonstrates the application for the different stakeholders in a retail organisation.
It has been acknowledged through various studies that all channels across Retail verticals gain from a BI solution and given that e-commerce and mobility are relatively new channels of sale – they tend to gain more. We show the application in detail with its inclusive set of pre-packaged, shrink wrapped Business Intelligence dashboards specifically for retailers.
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