A renowned name in the premium dessert category sought data-driven insights to identify high-revenue areas for its next phase of expansion. We enabled our client to gain actionable insights into ideal locations across India to strategically target profitable locations for expansion.
If you’re looking to expand your retail business or start your retail journey, understanding the role of inventory management in retail is crucial. Retailers must find the delicate balance of having enough stock to meet customer demand without overstocking and incurring unnecessary costs. But effective inventory management is more than just keeping track of stock
Inventory management has a direct influence on sales and customer satisfaction. But to effectively strategise inventory management the right way, you’d need to implement tested and data-backed techniques to develop a tailored one for each of your stores. The right strategy will ensure optimal stock levels, minimize wastage, and prevent stockouts, all while aligning with
Demand planning for retail is the backbone of the business. Read and learn why demand planning is crucial and how you can develop one with location data.
Once you’ve opened your retail store in a thriving location, it is important to cater to the specific needs of your customer base while maintaining optimal stock levels. Given that a location often caters to multiple demographic characteristics, it’s essential to develop an inventory strategy that balances customer demand with optimal stock levels. Effective inventory
5 Minute Read Scouting for commercial real estate can be a daunting task for many entrepreneurs. Chances are you may exhaust your resources by scouting locations that aren’t ideal for your business and making decisions on limited data. Picking a site based on limited data might result in a bad location choice and it’ll cost
