eMela 2015 - How To Sell More With Data Analytics

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ì How to Sell More with Data Analytics

Transcript of eMela 2015 - How To Sell More With Data Analytics

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How to Sell More with Data Analytics

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fini&on

sBUSINESSINTELLIGENCE“Datadrivendecisionmaking,whichincludesgenera7on,aggrega7on,analysisandvisualiza7onofdatatoinformandfacilitatebusiness.”

ANALYTICS“Waystobreakdownthedata,assesstrendsover7me,andcompare

onesectorormeasurementofanother.”

BIGDATA“Thisisthetechnologythatstoresandprocessesdatafromsourcesbothinternalandexternaltoacompany.”

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ìWhatWeKnow

TheRest

<<BIGDATAwillRevolu&onizeRetail

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ìStrategizeMoreByAc&ngon

BIGDATA

CHANGEPRICEBASED

ONDEMANDTOMAXIMIZEPROFITS

TARGETYOUR

AUDIENCEMORE

EFFECTIVELY

MAKEBETTERPRODUCT

RECOMMENDATIONS

KNOWWHAT’SINDEMANDANDHAVEPLENTYINSTOCK

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ìCaseStudy–ARetailGroceryStore

•  AMan(Age30-40)•  between5pmto7pmonFridays,comingHomefromwork

•  whilebuyingapackofDIAPERS,

•  alsobuyscaseofBEER

•  DataAnalyKcsproved•  BeerisboughtwithDiapers

•  MovedBeerisleclosertotheDiapersisle

•  Instant35%IncreaseinSalesofBothProducts

FINDINGS ACTION

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HowtoSellMorewithDataAnaly&cs

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DetermineWhichProducts

ToAdd(OrEliminate)

WhatSells–FashionTrends

Capacity-Capability

Price&Compe&&on

Distribu&onChannels

AXerSales

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ìSeehowpeopleare

Accessingyourproduct-Op&mizeaccordingly

ProductDP/DPs

ProductTitle

ProductDescrip&on

ProductReviews

ProductPriceSalesChannelsMarke&ngCampaigns

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Op&mizePrice–Maximize

Profits

HistoricalPricing

CustomerAc&vity

Preferences&OrderHistoryCompe&&onPricing

DesiredMarginsAvailableInventory

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Promo&onsthatarebe]erTargetedfor

yourcustomers

CustomerTouchPoints

LoyaltyPrograms

SocialMedia

ProductPerformanceSalesChannels

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InventoryManagement–StayProperly

Stocked&ReduceOverstock

Fes&veDiscounts

StockMovement

OrderHistory–Trends

Compe&&on

WorkingCapitalWarehouseCapacity

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HowThisWorksforAnOnlineSeller

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ìrandom transactions

this is how THEINDIAN e-commerceindustry looks onthe surface

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ìdelightful linkages

this is how it looksto sellers on theblubox platform!

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Multi Channel, Multi

category of

e-commerce Industry to

uncover ,

unknown ,

market , customer

and other

useful business information.

Data Analytics

hidden patterns

correlations

trends

preferences

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Multi Channel, Multi

category of

e-commerce Industry to

uncover ,

unknown ,

market , customer

and other

useful business .

Data Analytics

hidden patterns

correlations

trends

preferences

information

ANSWERS THAT MAKE BUSINE$$ $EN$E

Which website can give better ROI for a new mobile launch

Best location for brands’ new stores

Sales forecast on the basis of size, color, style etc.

and the data comes from...

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CATALOGAUTOMATION

ORDERINTEGRATION

WAREHOUSEMANAGEMENT

PRICECALCULATION

& UPDATE

What it does?

CAMPAIGNMANAGER

PAYMENTSRECONCILIATION

REPORTS &ANALYTICS

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