Looking for a holistic and multi-faceted system for your retail company?
Modern retailers must align their own strategic objectives with the complexities of supply chain management, consumer forecasting, employee performance management and inventory optimisation if they are to succeed.
This is only possible with a flexible and sophisticated Financial Planning & Analysis (FP&A) solution that can scale with your business as it grows.
Common challenges
Disparate data sources
Ingest and make sense of different data from disparate sources.
The need to normalise data
Dealing with disparate data sources requires sophisticated normalisation if key insights are to be discovered. This is a real challenge for most retailers who must interact with a vast array of different systems and stakeholders who play a role in their data procurement process.
Lack of data cleanliness
A reliance on external data means that data is not always as clean as it should be. Extra time, resources and technical solutions are needed to process impure data, slowing down its usefulness and creating moving parts that are susceptible to error.
We offer a unified data warehouse
Cubewise offers a solution that allows for disparate data sources to be ingested into one powerful platform that becomes your single source of truth. This drastically reduces costs associated with processing of datasets and produces the accurate insights you need to make fast and accurate decisions.
Granular reporting
Drill down into highly specific reporting for more precise decision-making.
Key drivers aren’t identified
The retail sector is highly influenced by consumer-led trends and this makes it nigh-on-impossible to make company-wide decisions that work in all contexts. Instead of a one-size-fits all approach, retailers must make decisions based on the unique drivers found in a range of markets.
Aggregate reporting hides complexity
If you look at the reporting from the uppermost level, you simply won’t get the nuance you need to make tailored decisions. As such, you’re at risk of painting every retail location with the same brush and arriving at suboptimal results.
Take advantage of dynamic drill-down reporting
The reporting features built into the IBM Planning Analytics / TM1 functional database framework allow for tremendous granularity across all your data. They enable highly precise decisions to be made that are perfectly suited to specific contexts.
Aligning performance incentives
Utilise the right KPIs to drive the behaviour that will deliver sustainable long-term success.
Selecting the right KPIs
Performance measurement is at the core of retail success, but selecting the right incentives can be difficult if you don’t have a holistic view of operations. What might drive success in one context won’t necessarily work in another.
Misaligned incentives
Without data unification, retailers risk selecting incentives that work in isolation, but don’t drive towards the wider strategic goals set at management level. This can create incentive structures that are not adaptable to the dynamic retail landscape.
Holistic performance measurement
Leveraging Cubewise allows for unified performance measurement that is directly connected to your strategic objectives while still taking account of each retail location’s unique context and circumstances. Aligning incentives across the company and across time means more sustainable growth in the long term.
For all your retail needs
Our solutions offer unparalleled sophistication and granularity across all aspects of your analytics, performance measurement, demand forecasting and supply chain management. By pulling all your key data into one place, we unlock an entirely new level of insight that makes for much more precise and contextual decisions at scale.
The future of retail relies on making better use of key data – so why wait? Get ahead of the curve today and transform your organisation into one that’s properly equipped for today’s dynamic retail landscape.
Talk to us today and let’s overcome the challenge together.
When a system is unable to adapt to changing business circumstances, it can be tremendously frustrating for all who work with it. Things must go on, of course, and so users will resort to building tedious workarounds, simplifications and shortcuts that only serve to kick the can down the road.
Don’t accept that your business processes are incapable of adapting to fast-moving market changes. Contact us to find out how easy it can be to implement efficient and practical planning, reporting and forecasting workflows.
